VP Debate - Bankruptcy: Do you support legislation to hel...

GOV. PALIN: Yes, I would have. But here again, there have been

so many changes in the conditions of our economy in just even these

past weeks, that there has been more and more revelation made aware

now to Americans about the corruption and the greed on Wall Street.

We need to look back even two years ago and we need to be

appreciative of John McCain's call for reform, with Fannie Mae, with

Freddie Mac, with the mortgage lenders, too, who were starting to

really kind of rear that head of abuse. And the colleagues in the

Senate weren't going to go there with (them/him ?). So we have John

McCain to thank for at least warning people.

And we also have John McCain to thank for bringing, in a

bipartisan effort, people to the table so that we can start putting

politics aside, even putting the campaign aside, and just do what's

right to fix this economic problem that we are in. It is a crisis.

It's a toxic mess, really, on Main Street that's affecting Wall

Street.

And now we have to be ever vigilant in also making sure that

credit markets don't seize up. That's where the Main Streeters like

me -- that's where we would really feel the effects.

MS. IFILL: Senator Biden, you voted for this bankruptcy bill.

Senator Obama voted against it.

Some people have said that mortgage

holders really paid the price.

SEN. BIDEN: Well, mortgage holders didn't pay the price. Only

10 percent of the people who are -- have been affected by this whole

switch from Chapter 7 to Chapter 13. It gets complicated. But the

point of this, Barack Obama saw the glass as half-empty, I saw it as

half-full. We di