McCain voted against regulation

Sen. John McCain made the following statement concerning his plan for the nation's health care system: "Opening up the health insurance market to more vigorous nationwide competition as we have done over the last decade in banking, would provide more choices of innovative products less burdened by the worst excesses of state-based regulation."

What could possibly go wrong?

Investment, mortgage and insurance companies have few regulations or oversight by the Treasury Department and the Securities and Exchange Commission. Senators and congressmen serve on committees to regulate the banking, investment, mortgage and insurance companies.

Lobbyists constantly pressure senators and congressmen to restrict federal government regulations, which would protect the American people from predatory practices of these entities.

As a senator, John McCain consistently voted against any regulation of the financial industry. Giant Wall Street investment firms are the biggest contributors to John McCain's presidential campaign, as he fought against regulations and tighter standards for Wall Street.

The $700 billion dollar mess is the result of no oversight by the Treasury Department, Securities and Exchange Commission, Congressional committees.

Richard F. Nelson

Aurora