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The New York Observer

Straight Talk Express Rolls Into Mortgage Crisis

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March 25, 2008 | 2:27 p.m
Straight Talk Express Rolls Into Mortgage Crisis

Senator John McCain on the government's role in the unfolding foreclosure crisis:

"It is not the duty of government to bail out and reward those who act irresponsibly, whether they are big banks or small borrowers... Some Americans bought homes they couldn’t afford, betting that rising prices would make it easier to refinance later at more affordable rates.”

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