Almost unnoticed amidst the hoopla over Treasury man Paulson’s RTC-like rescue announcement to buy toxic assets from banks and unclog the credit system to promote economic recovery — a plan I support — Sen. John McCain gave a thoughtful speech today before a chamber-of-commerce group in Green Bay, Wisconsin. The senator will undoubtedly support Paulson’s plan. But he hinted at some of his concerns about the proliferation of bailouts going on in Washington. McCain has his own idea for a mortgage and financial trust that would be part of the Treasury Department and help troubled institutions. But he jabbed at...
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