posted by leila .
can someone tell me what this article is about? just type it in google- I don't really understand it. What I got from it is that Mcain is sort of going back on what he said years ago but i don't really get it. McCain Embraces Regulation After Many Years of Opposition
Thank you for using the Jiskha Homework Help Forum. How are we to find that article? Cut and paste will not work here but I'll try the GOOGLE and what looks like the title.
Yes, you have the general idea. Formerly he encouraged "risk taking" and now sees that many clients got in great difficulty. Many people look for "easy money" not thinking about what might happen. It's always best to do research before investing!
Here's the article:
Ten years ago Senator McCain did not want the government to have any control of banking and insurance companies. He believed that businesses did not need to be supervised by the government.
Now he's changed his mind because these businesses went wild and ended up losing tons of money. He wants the government to police and control these financial companies.
thank-you! i thought i posted the article but it looks like i didnt...