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McCain Calls Revamped Bailout Bill an Improvement

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McCain Calls Revamped Bailout Bill an Improvement Republican presidential candidate John McCain said Wednesday the resurrected financial bailout bill isn't perfect but warned that the nation's financial crisis will become a full-fledged disaster if the plan fails. In an economic speech Wednesday at the Truman Library and Museum, McCain said the original proposal that failed in the House was flawed because it did not contain taxpayer protections, limitations on executive compensation, and sufficient protections for people's bank accounts.

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