McCain Urges Treasury to Act Without Legislation on Bailout

Associated Press

Speaking on morning television, the Arizonan urges the Treasury Department to address the economic crisis on its own by buying $1 trillion in mortgages and tapping its exchange stabilization fund. Also backs raising the FDIC insurance cap to $250,000.

On CNN: “I will do whatever is necessary… We haven’t convinced people that this is a rescue effort not just for Wall Street but for Main Street America.”

On MSNBC: “I think Americans have yet to fully understand this is not in the interests of Wall Street or Washington insiders.”

On Fox: “I’ll put my presidential campaign on the back burner if necessary.”

Also on CNN, declines to comment specifically on Gov. Palin’s discussion of Russia’s proximity to Alaska: “I’m not going to parse every answer to every question.” 

On Fox, says neither he nor Gov. Palin will complain about the media’s treatment of her. “She’s tough.”

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