September 15, 2008
Presidential candidates Barack Obama and John McCain sound off on the recent financial turmoil in the stock markets
Obama blasts regulators and managers for failing to head off the financial woes currently rocking Wall Street, and he's calling for an overhaul of rules governing financial institutions.
He says the instability will effect the country's ability to create new jobs for average Americans.
Meanwhile, on the Republican side, presidential candidate John McCain said that the fundamentals of the American economy are strong.
The Arizona republican told a rally in Florida that as president he will clean up Wall Street and ``never put America in this position again.'' The GOP presidential nominee pledged to replace what he called an outdated regulatory system and clean up Wall Street, which some investors had treated as a "casino."
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