[Von Tonner]

Originally Posted by Digital_Trucker

I hear McCain talking about possibilities, but nowhere do I hear him suggesting that Treasury use a trillion dollars in the bailout. He mentions how much they have to work with and what could be done.

At a round-table economic discussion in Iowa, McCain warned "the dire consequences of inaction" would reverberate far beyond Wall Street.McCain said he also recommended to Bush that the Treasury use its 250-billion-dollar "exchange stability fund" to directly shore up tottering Wall Street institutions.
And the Treasury has about one trillion dollars that it could expend without congressional authority to buy up "some of these terrible mortgages and help stabilize the situation," the Republican said.
"We're going to have to change enough Republican and Democrats' minds. It was 95 Democrats that voted against it," he told Fox News, without noting that even more House Republicans -- 133 -- also rejected the bailout.
"Even though we failed yesterday, even though I went back and was able to get more Republicans on board or help get more Republicans on board, we will go back to this, and I will be engaged always where I think America needs engagement."

http://afp.google.com/article/ALeqM5...ErQoXRQeePcHfQ