Straight talk ain’t necessarily smart talk

Senator McCain on financial regulation, Tuesday:

Our financial market approach should include encouraging increased capital in financial institutions by removing regulatory, accounting and tax impediments to raising capital.

Um, Senator Straight Talker, sir? It’s the lack of regulation of investment banks that got us into this mess. And you want even less?
You’re right. Economics is not your strong suit. Hell, common sense doesn’t seem to be part of your skill set, either.

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