TalkingPointsMemo

by Walter Alarkon - 09/23/08 9:13 AM ET

After John McCain was nearly burned by his role in the 1980s Savings and Loan scandal, he had little to do with efforts to regulate those banks and prevent a similar scandal from happening again, writes Josh Marshall, echoing an argument made by Newsweek’s Jonathan Alter. While Democrats push for more oversight of how the money in the proposed bailout would be doled out, financial services firms are pressing Congress to buy up more troubled assets than just bad mortgages, writes Marshall, who wonders if beggars can be choosers.

Tags John McCain