• Most Popular
  • Most Shared

McCain says he would buy up bad home mortgages

NASHVILLE, Tennessee
Tue Oct 7, 2008 9:28pm EDT
U.S. Republican presidential nominee Senator John McCain (R-AZ) answers a question during his debate with Democratic presidential nominee Senator Barack Obama (D-IL) at Belmont University in Nashville, Tennessee October 7, 2008. REUTERS/Rick Wilking

NASHVILLE, Tennessee (Reuters) - Republican U.S. presidential candidate John McCain on Tuesday said that if elected president he would order the Treasury Department to buy bad home mortgages and renegotiate them to help homeowners in trouble.

Barack Obama

During their second presidential debate, McCain's rival for the White House, Democrat Barack Obama, said that billionaire investor Warren Buffett would be a "pretty good choice" for U.S. Treasury Secretary, while McCain said, "I like Meg Whitman" for that post, referring to the former CEO of online auction company eBay.

(Reporting by Richard Cowan, Editing by Frances Kerry)
Barack Obama


More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    PICTURES
    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    Oddly Enough
    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article 

    Global Markets