ABC News' Matthew Jaffe Reports: Democratic vice-presidential nominee Joe Biden started his 24-hour swing through the Show-Me State Thursday with a swipe at Republican Sen. John McCain for already changing the mortgage buy-up plan that the GOP candidate introduced in Tuesday’s presidential debate in Nashville.
“John said he was going to spend $300 billion of your tax money to buy from banks bad mortgages that they now own. And he was going to buy them, though, at a discount, an authority, meaning he wasn’t going to buy them for what the bank paid for them - he’s going to buy them for what their market value was," Biden said at Missouri Western State University in St. Joseph, MO. "And then on Wednesday morning he said, his campaign said, “No, we made a mistake. We are going to buy them for exactly what the bank paid for them".”
"So he’s going to spend $300 billion of your money so the banks don’t lose a single penny!" Biden continued. "I’m not making this up. I know it sounds like fiction, but I’m not making this up.”
"That’s not bailing out the homeowner," Biden added. "You’re bailing out the bank."............
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