September 19, 2008 12:33 AM

Out of bounds! Obama misstates McCain's position on regulation

Obama was misleading this week when he tried to tie rival John McCain to the financial crisis on Wall Street by quoting from an interview McCain gave the Wall Street Journal. Obama cited McCain saying he always favors deregulation. But that left out half the quote — the part where McCain called for better oversight in the wake of the subprime mortgage crisis.

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