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Home > Window on Washington > Archives > 2008 > September > 25 > Entry
Reid picks a number, any number
At a 12:15 p.m. EDT briefing with reporters on Thursday, Senate Democratic leaders said the crafting of a financial-sector bailout bill was nearly finished. But they would not release specifics, saying some details were still being negotiated.
While they had little to say about the bailout’s provisions, the Democrats did have plenty of comments to make about presidential candidate Sen. John McCain, the Arizona Republican who has been largely absent this year. Senate Majority Leader Harry Reid, D-Nev., said it was “stunning” to hear McCain announce he’d return to the Hill to help out — now that the bailout legislation is done.
Reid did say Democrats want legislation that would allow bankruptcy judges to rewrite mortgages to ease the burden on struggling home owners. He then gave an example of how the law currently works in favor of wealthier people who own more than one home. His example involved a family that owns seven homes.
“I just happened to pick seven out of the air,” Reid said. He did not mention that last month during an interview, McCain said he was unsure of how many houses the owns. The total is seven.
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