Unbelievable.
McCain is as ignorant of the economy as he said.
Not that there’s anything wrong with ignorance on a topic; that’s what advisors are for.
But where are his advisors telling him the right way to handle this?
Absent. He has the wrong team.
That tells you a lot about Juan’s judgment. Not bright enough or possesed of enough self knowledge to cover for his weaknesses.
Bank of America took over Countrywide. BOA is going to re-do lots of Countrywide loans at low interest rates. I’m not sure if Uncle Sam is in on it or not. Maybe McCain was misunderstood because this is happening in the free market and was in today’s paper. I arrived late. I don’t know Mc’s exact words.