Campaign Senior Policy Adviser Doug Holtz-Eakin also issued a written statement Saturday declaring that McCain-Palin support the current steps being discussed in order to help voters affected by the mortgage giants from facing further difficulties.
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John McCain supports the steps needed to keep the financial troubles at Fannie Mae and Freddie Mac from further squeezing American families and endorses the idea that management and shareholders should not benefit from government backing. While details are not yet available, the actions taken today are consistent with those objectives. Fannie and Freddie have been the poster children for a lack of transparency and accountability, and remind us of the needed reforms to financial markets in general,” Holtz-Eakin said.