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McCain's ill-conceived mortgage proposal

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Danny Schechter: McCain to spend billions on project but where is money to come from?

After a technical problem brought an abrupt end to the debate between Conn Carroll and Danny Schechter, Danny joined Senior Editor Paul Jay in a one-on-one discussion about the financial crisis in the debate. Danny critiqued McCain's haste in proposing a poorly thought-out mortgage plan as well as Obama's oversimplification of the financial crisis into a problem of regulation. Danny also criticized the lack of any thorough analysis of the crisis on anyone's part, along with an absence of any new ideas on how to effectively address the situation.

Danny Schechter, "The News Dissector," is a former network TV producer, radio newscaster, and edits MediaChannel.org. He has written nine books on media themes. His latest, Squeezed: America As The Bubble Bursts was inspired by his latest film, In Debt We Trust: America Before The Bubble Bursts.

See also: http://current.com/items/89388995_debating_the_financial_meltdown

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