John McCain is taking a different path in his response to the mortgage crisis that is gripping the nation and financial markets. Where Hillary and Obama are touting multi-billion dollar packages for foreclosure assistance and loan modification, McCain is urging limited government intervention - preferring to let the mortgage mess sort itself out unless events occur that present systemic risks.A while ago I wrote about Hillary Clinton's mortgage bailout plan and Barack Obama's mortgage bail out plan, but noted that McCain was mum on the situation. I wrote to McCain's team at the time requesting more details on the Senator's plan of attack but received no response. Now the New York Times is covering the detail of his plan.From the New York Time
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