McCain divided over $85 billion bailout for AIG

GUSTAVUS, Ohio (AP) -- Republican presidential candidate John McCain isn't saying whether he supports or rejects the government's $85 billion bailout plan for the giant insurer AIG.

McCain told ABC's "Good Morning America" on Wednesday that he didn't want to bail out American International Group Inc., the nation's largest corporate insurer. Yet he said millions of people whose finances were tied up in the company were in danger of having their lives destroyed.

Before the bailout was announced, McCain had said flatly that he would not support a bailout of AIG or any other company.

In his remarks to ABC, McCain blamed greed, excess and corruption for AIG's problems. He also said that Congress and federal regulators had paid no attention to the problem.

(Copyright 2008 by The Associated Press. All Rights Reserved.)


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