Tonight, during her interview with Katie Couric, Gov. Sarah Palin (R-AK) dodged repeated inquiries about Sen. John McCain’s (R-AZ) regulatory record. When pressed by Couric “to name a specific example, in his 26 years of pushing for more regulation,” Palin fumbled:
COURIC: I’m just going to ask you one more time – not to belabor the point. Specific examples in his 26 years of pushing for more regulation.
PALIN: I’ll try to find you some and I’ll bring them to you.
Palin may be looking for the nonexistent. Despite calling for more regulation and oversight in the wake of the Wall Street’s collapse, throughout his long career in the Senate, McCain, and his top campaign advisers, dutifully championed deregulatory policies.
In fact, during an interview with CBS News just this Sunday, McCain said he did not “regret” championing the deregulation of Wall Street, arguing that “the deregulation was probably helpful to the growth of our economy.”
In 1999, McCain supported deregulatory legislation championed by Sen. Phil Gramm, a top McCain adviser and the “odds-on favorite to be the Treasury Secretary.” The Gramm-Leach-Bliley Act “destroyed the Depression-era barrier to the merger of stockbrokers, banks and insurance companies” and ended any “significant regulation of the financial community.”