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Heritage Foundation Senior Policy Analyst Rea Hederman On Sen. John McCain's (R-AZ) Economic Policies

Hederman: "I think John McCain has probably the most clear vision of kind of what went wrong. We know that the housing market was engaged in a bubble. So John McCain doesn't want to enact any policies that tries to prop up the bubble, that puts taxpayers on the hook for either risky lenders or risky borrowers." (CNBC's "The Call," 3/27/08)

Hederman: "John McCain is also saying, look, if you're going to come to the Federal Reserve, use the new discount window, then yes you should be regulated. I think there is bipartisan agreement that there was some regulation breakdown. But let's look at the specific problems. People that weren't regulated correctly. We can fix the system that we have now instead of sitting there and trying to bring everybody into a new regulation system that will only increase costs down the road." (CNBC's "The Call," 3/27/08)