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Sept. 6, 2008
"The fact is that Fannie Mae and Freddie Mac have gotten too big and too expensive to the taxpayers."
Palin, the Republican vice presidential nominee, on the collapse of lending giants Fannie Mae and Freddie Mac. While the takeover could result in a taxpayer bailout during reorganization, neither company up to that point had been taxpayer funded. Some commentators criticized Palin for her lack of knowledge; others wondered if her comment implied that she opposed the Bush administration's bail-out. A McCain spokesman later said she supports President Bush's plan.