McCain proposes new bailout for bad mortgages

By David Edwards
Tuesday, October 7, 2008 22:36 EDT
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At tonight’s debate, John McCain said he would authorize his Treasury Secretary to buy out failed mortgages and renegotiate the value of those homes. The proposed plan would cost about $300 billion.

This video is from CNN.com, broadcast October 7, 2008.

Download video via RawReplay.com

David Edwards
David Edwards
David Edwards has served as an editor at Raw Story since 2006. His work can also be found at Crooks & Liars, and he's also been published at The BRAD BLOG. He came to Raw Story after working as a network manager for the state of North Carolina and as as engineer developing enterprise resource planning software. Follow him on Twitter at @DavidEdwards.
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