VP Debate - Bankruptcy: Do you support legislation to hel...
Backhttp://www.c-spanarchives.org/library/vidLink.php?b=1222997178&e=1222997436&n=002 GOV. PALIN: Yes, I would have. But here again, there have been so many changes in the conditions of our economy in just even these past weeks, that there has been more and more revelation made aware now to Americans about the corruption and the greed on Wall Street. We need to look back even two years ago and we need to be appreciative of John McCain's call for reform, with Fannie Mae, with Freddie Mac, with the mortgage lenders, too, who were starting to really kind of rear that head of abuse. And the colleagues in the Senate weren't going to go there with (them/him ?). So we have John McCain to thank for at least warning people. And we also have John McCain to thank for bringing, in a bipartisan effort, people to the table so that we can start putting politics aside, even putting the campaign aside, and just do what's right to fix this economic problem that we are in. It is a crisis. It's a toxic mess, really, on Main Street that's affecting Wall Street. And now we have to be ever vigilant in also making sure that credit markets don't seize up. That's where the Main Streeters like me -- that's where we would really feel the effects. MS. IFILL: Senator Biden, you voted for this bankruptcy bill. Senator Obama voted against it. Some people have said that mortgage holders really paid the price. SEN. BIDEN: Well, mortgage holders didn't pay the price. Only 10 percent of the people who are -- have been affected by this whole switch from Chapter 7 to Chapter 13. It gets complicated. But the point of this, Barack Obama saw the glass as half-empty, I saw it as half-full. We di
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Uploaded: October 3rd, 2008 @ 2:13 pm
Author: CSPAN
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