McCain: Greed Created Wall Street's Woes

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The economic mess is a top issue on the presidential campaign trail.

Republican John McCain is now calling for a high-level commission to study the crisis, saying that the financial turmoil is the result of unchecked corporate greed.

He said that investigation would need to operate on the same scope as the 9/11 commission.

Click the play button for more with CBN News Sr. National Correspondent, David Brody.

McCain blamed some of the problems on corrupt financial players who have been treating "Wall Street like a casino."

"We're gonna need a 9/11 commission to find out what happened and what needs to be fixed," McCain said. "I warned two years ago that this situation was deteriorating and unacceptable and the old boy network and the corruption in Washington is directly involved and one of the causes of this financial crisis that we're in today."

"I know how to fix it, and I know how to get things done," he added.

Still, Democrat Barack Obama continued his criticism of McCain today. Obama says he will take regulatory oversight seriously as president and accuses his Republican opponent, John McCain, of wanting to "pass the buck."

Campaigning Tuesday in Golden, Colorado, Obama said McCain was not offering concrete plans to deal with the nation's economic crisis.

"This isn't 9/11," Obama said. "We know how we got into this mess. What we need now is leadership that gets us out. I'll provide it. John McCain won't."

Obama also released a new TV ad that accuses McCain of not knowing that the economy is "broken."

Source: CBN News, The Associated Press

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