Originally Posted by Reality Bytes
Quote
John McCain, just one week ago
“I understand the economy. I was chairman of the Commerce Committee that oversights every part of our economy”

So, if we take John McCain at his word, he was chairman of the committee that was overseeing this whole mess as it developed?

In any case, I have not heard that the "bail out includes derivatives. As I understand it it is mostly focused on the "securities " that are comprised of large numbers of bundled mortgages.

"It's not a lie if you believe it." -- George Costanza
The whole problem with the world is that fools and fanatics are always so certain of themselves. --Bertrand Russel