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Financial capitalism was Topic A on the campaign trail. ABC's Jake Tapper and CBS' Dean Reynolds both filed from Barack Obama's rally where he answered John McCain's assertion that "the fundamentals of our economy are strong" with mocking disbelief: "Senator McCain, what economy are you talking about?" NBC assigned John Yang at the White House to file a Where They Stand feature contrasting the two platforms on finance. McCain "takes a free market approach and wants to break up FannieMae and FreddieMac into smaller pieces and then sell them to the private sector." Obama "wants more federal oversight and says investment banks should meet the same strict regulations as commercial banks." Yang consulted analysts and came to the conclusion that Obama's diagnosis was superior: "The current market upheaval makes regulatory change inevitable--the only question is how far-reaching it will be."
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