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 [America's Election HQ] McCain, Obama Blame Economic Woes on Greed, Policy: Phil Gramm, R-Texas, until recently one of the McCain campaign’s top economic advisers, was a chief writer of that law. McCain voted for a Senate version of the bill but did not vote on the final package.

[Open Left - Front Page] McCain, Obama & Wall Street "Reform": The Good, Bad & Ugly: Put another way, the best thing about McCain heading into this crisis is that he has - at times - shown some modicum of courage in making the right enemies. And you better believe that in order to handle this economic catastrophe, the next president is not going to be able to make everybody - Wall Street bankers, shareholders, lobbyists and taxpayers - all happy.

 [RealClearPolitics - Politics Nation] Strategy Memo: Formula 504: McCain has historically supported the kind of deregulation now being blamed for several Wall Street collapses, while Obama's own record falls short of boasting significant achievements. Perhaps the biggest flub came as McCain called the fundamentals of the economy strong, which, though he tried to backtrack and say he meant American workers, will come back to haunt him in the form of a thousand television spots.

 [TPM Election Central] Obama Keeps Hitting McCain On The Economy: The situation with Lehman Brothers and other financial institutions is the latest in a wave of crises that have generated tremendous uncertainty about the future of our financial markets. This is a major threat to our economy and its ability to create good-paying jobs and help working Americans pay their bills, save for their future, and make their mortgage payments.

[MOMocratsâ™] Obama vs. McCain: "It's the Economy, Stupid" Redux, or, I Can't ...: Obama's focus on regulating high-flying financial firms is a necessary abstraction but becomes very real when my bank, Washington Mutual, is in the headlines for next of the possible financial giants to fail. He's been saying banks and other financial institutions need regulation since at least March, 2008, if not earlier.

 [Thoughts Of A Conservative Christian] McCain and Leadership in a Time of Financial Crisis Obama Spends ...: McCain has led as chief sponsor of 82 bills, on which he had 120 Democratic co-sponsors out of 220 total, for an average of 55 percent. He worked with Democrats on 50 of his bills, and of those, 37 times Democrats outnumber Republicans as co-sponsors.

[Member Posts] McCain on Black Monday: "The Fundamentals of Our Economy Are Strong": He stands with George Bush firmly in the corner of the wealthy and well-connected. He stands with the CEO of Exxon-Mobil, who, while testifying before my Senate judiciary committee swore to me under oath that Exxon-Mobil didn’t need the tax breaks they’d been given to explore for oil.

 [An Honest Opinion] Obama On Merrill Lynch, Lehman Brothers And Wall Street Crisis: John McCain, to Young Republican campaign volunteer Robert Wexler re: election night dais that made him look short. “I’m so glad you’re out of a job, and I’ll see to it that you never work again.” - John McCain to senate staffer Judy ...

[Rogue Columnist] Let's look at the fundamentals of the American economy: Behind the scenes is the father of deregulation, and one of the baby daddies of this disaster, Phil Gramm, who prospered mightily from helping Wall Street and banks in the Senate, then going to work for them. Another McCain adviser: John Thain, who just got more than $9 million for helping wreck Merrill Lynch in the deregulated environment.

 [Hillary Clinton Newsupdate] Wall Street Disaster Is an Opportunity for Obama: During the Republican primaries, he took heat for admitting that "the issue of economics is not something that I've understood as well as I should," and then this Monday - just as Americans were digesting the stunning news from Wall Street - he declared in a Jacksonville, Florida speech that "the fundamentals of our economy are strong."

[Blog For Arizona] John McCain, echoes of Herbert Hoover: The situation with Lehman Brothers and other financial institutions is the latest in a wave of crises that are generating enormous uncertainty about the future of our financial markets. This turmoil is a major threat to our economy and its ability to create good-paying jobs and help working Americans pay their bills, save for their future, and make their mortgage payments.

[Cleveland Business News - The Latest Breaking News, Earnings Reports and Stories from The Plain Dealer] McCain, Obama fight for edge on economy: He promised: "The McCain-Palin administration will replace an outdated, patchwork quilt of regulatory oversight and bring transparency and accountability to Wall Street. We will have transparency and accountability and we will reform the regulatory bodies of government." He didn't say precisely how.

[JustGetThere] Wall Street Shake-up Connects to Washington Through Contributions ...: The top recipient of PAC money from Lehman Brothers has been Rep. Mike Castle (R-Del.), a member of the House Financial Services Committee, which has jurisdiction over banking and the securities industry.

 [Politics1] WALL STREET CRASHES, LEHMAN BANKRUPT, AIG & WaMu IN BIG TROUBLE ...: Wall Street crashed Monday -- the Dow dropping 500+ points -- for the worst single-day crash since 2001. The crash was spurred by the implosion of financial giant Lehman Brothers, resulting in the largest bankruptcy in US history.

 [BlogHer - Comments] Let me get this straight.: Maybe we should take a look at why McCain thought Phil should be trusted with our economic future since Gramm has a far bigger connection to the banking industry than any of the people you try to smear over Obama. Gramm, while chairing the Senate banking committee, actually pushed through legislation that contributed to the mortgage meltdown, legislation that bank lobbyists helped to write.

 [Victor's File - San Francisco Bay Area Current Events, World News & Features] NPR Mobile - McCain, Obama Vow Changes Amid Wall St. Woes: All Things Considered, September 15, 2008 · Amid news of the bankruptcy of Lehman Brothers and turmoil in the financial markets, Republican presidential nominee John McCain and his Democratic rival, Barack Obama, both say Wall Street's problems reflect a failure in Washington. And both promise to overhaul the rules governing financial markets.

 [Balloon Juice] The Economy Needs Some Fixin’: Presidential candidate John McCain has been criticized for using Phil Gramm as an economic adviser, with the Gramm-Leach-Bliley Act now seen as a political handicap that may inhibit Gramm’s participation in a potential McCain administration. McCain has distanced himself from Gramm, calling for renewed financial-industry oversight to “assure transparency, prevent abuse and protect the public interest.”

 [MotherJones.com | MoJoBlog - Social Issues and Political Commentary] McCain Blasts Wall Street Failure, Neglects To Mention His Adviser ...: Lehman, the fourth-largest securities firm until last week, has been one of the 10 largest counterparties in the market for credit-default swaps, according to a 2007 report by Fitch Ratings. The market, which is unregulated and has no central exchange where prices are disclosed, has been the fastest-growing type of so-called over-the-counter derivative, according to the Bank for International Settlements.

 [Update Capitol] McCain: 'Fundamentals of economy are strong'; Obama campaign: Huh?: McCain said his experience as chairman of the Senate Commerce Committee gave him better credentials to deal with economic challenges on a global scale. The Obama campaign issued a statement challenging McCain's position immediately .

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