U.S. presidential candidates John McCain and Barack Obama are addressing the government's decision to rescue insurance company AIG (American International Group) as an example of the problems facing the U.S. economy.
In a statement Wednesday, Senator McCain, the Republican nominee, said poor regulation and reckless management had crippled AIG. He also called for an investigation into whether executives in the company misled investors.
McCain spoke out against an AIG bailout Tuesday, but has since softened
his opposition. He said Wednesday such action should be used to protect
millions of Americans who hold insurance policies.
Senator Obama, the Democratic nominee, accused McCain of long-supporting economic policies that discourage effective regulation.
At a stop in Nevada, Obama said the economic developments this week
represent the final verdict on McCain's policies.
Both candidates are campaigning in states considered to be crucial in
the November election.