In the same answer in which he says we need to limit spending
and fight the $10 trillion debt, McCain argues that we have to do
something about declining home values and proposes spending money
to buy distressed mortgages and then renegotiate mortgage
contracts, acknowledging that it would cost a lot of money. Does he
propose this on top of the bailout or as part of the bailout?
Besides, wasn't it inflated home values that helped create this
mess in the first place?
UPDATE: In his subsequent answer, McCain acknowledges that the
bailout isn't enough, and that he supports further action to
stabilize home values.