]> http://www.campaignmoney.org/mccainmortgage Comments for "Safe Investment: John McCain and The Banking And Credit Lobby" en http://www.campaignmoney.org/mccainmortgage During Tuesday’s presidential debate, Sen. John McCain (R-AZ) announced a new plan to help ease the housing crisis by having the government buy up bad mortgages. Since then, however, McCain has clarified his proposal, and experts now say that while the idea might help homeowners, it is almost certain to “reward predatory mortgage lenders.” That comes as no surprise to those aware of McCain’s close ties to the banking industry – ties that have gotten even closer as McCain’s reliance on them to fund his campaign increases. Not only has he received $3,830,175 from the banking industry since 1989, with more than $2.5 million coming in 2008 alone, but also his campaign is staffed, advised, and funded by 53 banking lobbyists. It’s no wonder then that McCain’s housing rescue plan would be a rescue for those that made the loans and not the suffering Americans that took them. Fri, 10 Oct 2008 22:06:31 +0000