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McCain Pledges Government Will Buy Up Mortgages

Hoping to reverse the momentum that has allowed Barack Obama to open a lead in the polls just a month before the election, John McCain began the second presidential debate Tuesday night by offering a new proposal aimed at helping struggling homeowners avoid foreclosure. The Arizona senator said he would cut taxes for all Americans and proposed a new policy in which the Treasury secretary would "buy up bad home loan mortgages." The proposal would cost about $300 billion, which the campaign... Full Story
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