Obama, McCain Support More Oversight of Rescue Deal

CNBC

Speaking on CNBC Sunday, McCain and Obama say any deal to shore up Wall Street should include independent oversight and limits on CEO pay.

McCain floats idea of an oversight board that may include Buffett, Romney or Bloomberg, and suggests no CEO aided by taxpayers should earn more than the highest-paid person in the federal government.

Click above for more.

Read the full interview with Obama, and the full interview with McCain.

Read about their calls for more oversight in the New York Times and the Wall Street Journal.

Plus: TIME’s Duffy weighs in: “If the administration’s $700 billion Wall Street bailout plan is approved by Congress, the United States will see changes to its political economy that were unimaginable a week ago.”

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