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Experts Deride McCain’s Mortgage Crisis Fix

Current woes not comparable to '01 factors that prompted GM to offer 0% financing

By Jonas Oransky,  Newser Staff

Posted Mar 26, 2008 12:52 PM CDT

(Newser) – Economists, and rivals, are scoffing at John McCain’s ideas for countering the nation’s foreclosure crisis, taking aim at the suggestion that top lenders follow the post-9/11 example of General Motors—which offered 0% financing on new cars. But experts note that GM had...   Read full story »

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