
The statement:
"If my opponent had his way, the millions of Floridians who rely on it would have had their Social Security tied up in the stock market this week... Millions would've watched as the market tumbled and their nest egg disappeared before their eyes. Millions of families would've been scrambling to figure out how to give their mothers and their fathers, their grandmothers and their grandfathers, the security retirement that every American deserves."
– Sen. Barack Obama, at a campaign stop Saturday, September 20, in Daytona Beach, Florida.
Check out the facts after the jump!
(CNN) - Promising a "very bipartisan approach" to how he'll run his administration, Sen. John McCain said in an interview broadcast Sunday that he would appoint Democrats to his Cabinet.
Speaking to CBS' "Face the Nation," the Republican presidential nominee vowed that he won't just have a single token Democrat in his Cabinet.
"It's going to be the best people in America, the smartest people in America," McCain said. "So many of these problems we face - for example, energy independence - what's partisan about that?"
He said he'll also ask some members of his Cabinet "to work for a dollar a year. They've made enough money. But I'll also ask people who have struggled out there in the trenches to help people, to volunteer in their communities, who understand these problems at that level, which obviously is lost on a lot of - a lot - a big segment of Washington."
NEW YORK (CNN) – Sen. Charles Schumer said Sunday the Bush administration is trying to "blame the fire on the person who calls 911" by suggesting he had a role in one of the costliest U.S. bank failures.
Federal regulators with the Office of Thrift Supervision were "asleep at the switch" when it came to IndyMac's "reckless" behavior, the New York Democrat complained.
The OTS announced Friday that it was taking over the $32 billion IndyMac and transferring control to the Federal Deposit Insurance Corporation.
The OTS pointed the finger directly at Schumer for the failure, accusing him of sparking a bank run by releasing a letter that "expressed concerns about IndyMac's viability."
"In the following 11 business days, depositors withdrew more than $1.3 billion from their accounts," the OTS said in a statement announcing the California-based lender's takeover on Friday.
The statement included a quote from OTS Director John Reich saying, "Although this institution was already in distress, I am troubled by any interference in the regulatory process."
Schumer, a member of the Senate Banking Committee, chairman of Congress' Joint Economic Committee and the third-ranking Democrat in the Senate, rejected any suggestions of responsibility for IndyMac's collapse.


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