McCain Rewrites Own History On Bailout Vote

McCain said recently that he only voted for the $700 billion package because Henry Paulson and Ben Bernanke misled him, by assuring him it would focus on the housing meltdown, rather than on Wall Street. But that appears to be directly contradicted by the record.

In a speech the following day about improvements he was seeking to what became the TARP legislation, McCain made clear that he knew the measure was targeted at Wall Street, declaring: "No Wall Street executives should profit from taxpayer dollars ... The senior leaders of any firm that is bailed out should not be making more than the highest paid government official."