Statement by Senator McCain On Washington Mutual

ARLINGTON, VA -- U.S. Senator John McCain today issued the following statement on Washington Mutual:

"Today's financial crisis threatens all Americans and the sale of Washington Mutual is just the latest indicator of the stresses in our financial markets that threaten to cut off the credit needed by our families, businesses, and state and local governments. I am committed to working with all parties of good faith in both houses of Congress, the Administration, and among Democrats and Republicans to reach an agreement to stabilize our financial markets. We can do so in a timely and effective fashion while protecting the taxpayer from excessive demands on their strained checkbooks. It is our obligation to restore the confidence of Americans in these valuable institutions, and demonstrate to taxpayers that Washington will be capable of addressing great national problems."