McCain's <em>Face The Nation</em> Interview With Bob Schieffer

John McCain taped an interview with Bob Schieffer on CBS's Face the Nation. CBS sent out these excerpts from the interview.

McCain On Putting Fannie Mae And Freddie Mac In A Conservatorship

I think it has to be done, Bob. I think that we've got to keep people in their homes. There's got to be restructuring, there's got to be reorganization, and there's got to be some confidence that we've stopped this downward spiral. It's hard, it's tough, but it's also the classic example of why we need change in Washington. It's an example of cronyism, special interest, lobbyists, a quasi-governmental organization where the executives were making hundreds of--some billion dollars a year while things were going downhill, going to hell in a hand-basket. This is the kind of cronyism, corruption, that's made people so justifiably angry. I did have a long conversation with Secretary Paulson--a man I admire and respect-- and he did say, that when the housing market starts back up, and it will, it will in America--then the taxpayers are going to be the first to be paid off. They're the ones that are going to be reimbursed when the values of their homes start, hit bottom and start back up, and they start getting more money back in. And that has to be in it, a vital part of it. And again, this is a system that cries out for reform.

McCain On Putting Democrats In His Cabinet

Sure....I don't know how many, but I can tell you, with all due respect to previous administrations. It is not going to be a single, 'well we have a Democrat now.' It's going to be the best people in America, the smartest people in America. So many of these problems we face--for example, energy independence, what's Partisan about that? In other words, we've got to have people who are the best and the brightest, and I'll tell you, some of them I'll ask to work for a dollar a year.