In Candidates, 2 Approaches to Wall Street (another warped article by the NY SLIMES

http://www.nytimes.com/2008/09/16/us/politics/16record.html?hp ^ | 9/16/2008 | NY TIMES

[samkatz]

The crisis on Wall Street will leave the next president facing tough choices about how best to regulate the financial system, and although neither Senator Barack Obama nor Senator John McCain has yet offered a detailed plan, their records and the principles they have set out so far suggest they could come at the issue in very different ways. Speaking in Florida, he said that the economy’s underlying fundamentals remained strong but were being threatened “because of the greed by some based in Wall Street and we have got to fix it.”

But his record on the issue, and the views of those he has always cited as his most influential advisers, suggest that he has never departed in any major way from his party’s embrace of deregulation and relying more on market forces than on the government to exert discipline.

...another paragraph omitted

He has often taken his lead on financial issues from two outspoken advocates of free market approaches, former Senator Phil Gramm and Alan Greenspan, the former Federal Reserve chairman. Individuals associated with Merrill Lynch, which sold itself to Bank of America in the market upheaval of the past weekend, have given his presidential campaign nearly $300,000, making them Mr. McCain’s largest contributor, collectively.

Mr. Obama sought Monday to attribute the financial upheaval to lax regulation during the Bush years, and in turn to link Mr. McCain to that approach.

“I certainly don’t fault Senator McCain for these problems, but I do fault the economic philosophy he subscribes to,” Mr. Obama told several hundred people who

(one paragraph omitted) On Wall Street’s Republican-friendly turf, Mr. Obama has outraised Mr. McCain. He has received $9.9 million from individuals associated with the securities and investment industry, $3 million more than Mr. McCain, according to the Center for Responsive Politics...

[samkatz]

The headline should be "HEUSSEIN has received 9.9 million from Wall Street, $3million more than McCain.

Of course, the fact Merrill Lynch gave McCain 300K comes up 15 lines before any mention of B.O's involvement. makes me want to puke

[ari-freedom]

the truth is that there is also a problem in England, which is why Gordon Brown isn’t doing so well.

[cincinnati65]

The sad, sad truth is that Obama’s proposed capital gains tax increases will be the final nail in the coffin of Wall Street, and will spin a bad economy into a deep, deep recession, if not an outright depression.