Here goes another important news I have recenly found in Los Angeles Times:
Interesting curve ball from Sen. John McCain in the presidential debate: an economic proposal either he has just come up with, or has been waiting to unveil. From the Los Angeles Times:

McCain has offered one of his most significant proposals of the campaign, saying that he would order the Treasury secretary to immediately “buy up the bad home loan mortgages in America and renegotiate … at the diminished value of those homes, and let people be able to make those … payments and stay in their homes.”

McCain’s $300-billion plan, a change of mind from the previous position, would require a basal shift in the government’s approach. Then it raised several questions which the McCain campaign could not immediately answer, like- what’s gonna be the potential impact that would remedy the global credit crisis.

For further details please visit the following URL:

http://latimesblogs.latimes.com/laland/2008/10/mccain-ill-buy.html

But in between if I will get any new info on the same I will let you people know regarding the same & I am also eagerly waiting to see what’s gonna happen next.