McCain says bailout plan needs greater oversight

[Terri]

By BETH FOUHY
Associated Press
September 23, 2008

SCRANTON, Pa. (AP) -- Republican John McCain on Monday called for greater oversight of the Bush administration's proposed bailout of U.S. financial markets, saying the massive $700 billion plan being crafted by Treasury Secretary Henry Paulson needed broader supervision.

"Never before in the history of our nation has so much power and money been concentrated in the hands of one person. This arrangement makes me deeply uncomfortable," the presidential candidate said at a rally here. "We will not solve a problem caused by poor oversight with a plan that has no oversight."

McCain praised Paulson and said he had spoken to him several times over the weekend. But the GOP presidential hopeful nonetheless called for a bipartisan oversight board to supervise the proposed bailout, to be led by Warren Buffett or another widely respected business leader.

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[Ray-Ray]

Quote:In response, Bill Keller, executive editor of the Times, said the newspaper "is committed to covering the candidates fully, fairly and aggressively. It's our job to ask hard questions, fact-check their statements and their advertising, examine their programs, positions, biographies and advisers. Candidates and their campaign operatives are not always comfortable with that level of scrutiny, but it's what our readers expect and deserve."

Lies, lies and more lies.