The collapse of Lehman Brothers, Merrill Lynch, AIG, Bear-Stearns, and 11 banks (so far) clearly shows that the so-called "conservative" idealogy of complete deregulation of financial markets is a disastrous failure.   One of the chief architects of the collapse is Phil Gramm, John McCain's chief financial advisor, perhaps best known today for referring to Americans suffering from the devastating effects of Republican financial mismanagement and malfeasance as "A nation of whiners".

While McCain has begun paying lip service to regulation in the past few days, his record speaks volumes - he has consistently voted AGAINST regulation in the financial markets and has SUPPORTED the policies that created this mess, including a vote FOR the Gramm-Leach-Bliley Act of 1999 which laid the foundation for the current collapse.  McCain has no plan to resolve this mess, other than to offer more of the same failed Bush policies.

Barack Obama has consistently warned of the problems in the financial markets and has a plan to re-establish a regulated environment that will all ALL Americans to prosper, not just the privileged few.





Read the plan at BarackObama.Com/Plan.