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http://www.cnn.com/2008/POLITICS/09/...ers/index.html
WASHINGTON (CNN) -- If there has ever been a confusing and daunting time in Washington, and in the political world, this is it. Sen. John McCain, who has branded himself a maverick, has a history of supporting deregulation. Hank Paulson, a well-respected treasury secretary and former Wall Street titan, proposes a mammoth, $700 billion bailout for financial firms with a clear warning: Refuse to act at the nation's great risk. Washington politicians, preparing to face the voters in a matter of weeks, suddenly find their mettle and ideological beliefs severely tested. As in: If you're truly a laissez-faire, let-the-market-work conservative, how can you sign on to a bailout that effectively nationalizes parts of Wall Street? And if you're more of a populist, and worry that the little guy is going to get stuck footing the bill, how can you sign on to a plan that doesn't help homeowners at risk of foreclosure? Left wing, meet the right wing. You're on the same side. --------------------------------------------- Does this mean we have to hold hands?
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Quote:
what part of wall street is to be nationalized?
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