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Hagan, Dole camps trade barbs on bank regulations

Democrat Kay Hagan criticized Sen. Elizabeth Dole, R-N.C., on Tuesday for attempting to loosen banking regulations earlier this year when the financial crisis was growing.

Hagan noted that Dole had introduced legislation that would have made voluntary, rather than mandatory, certification by CEOs and outside auditors of banks' internal accounting controls.

Dole's campaign dismissed the criticism. The loosening of standards had been requested by First Citizens Bank of Raleigh and supported by the state Bankers Association to relieve regulatory burdens on smaller banks, said Brian Nick, Dole's chief of staff.

(Raleigh) News & Observer

Candidates close on illegal immigrants in community colleges?

John McCain has supported legislation that would enable children of illegal immigrants to attend college, Barack Obama's campaign said. In 2003, 2005 and 2007, McCain co-sponsored The Dream Act, which allows high school children of illegal immigrants to obtain permanent residency by attending college or serving in the armed forces.

During a visit to North Carolina over the weekend, Obama said he favored allowing the children of illegal immigrants to attend community colleges. The McCain campaign responded by saying it did not support amnesty or benefits, but did not specifically address the question of who can attend community colleges.

(Raleigh) News & Observer

Elizabeth Edwards criticizes McCain health care proposals

Elizabeth Edwards tied the nation's lagging economy to its struggling health care system Tuesday as she joined an effort in battleground states to discredit John McCain's health care proposals. The wife of former Democratic candidate John Edwards is battling incurable cancer but returned to the political arena to push for mandatory universal health care, which she says would help 47 million Americans without insurance.

She planned to hold a roundtable discussion today with public health experts to critique McCain's health plan as advocacy groups released a report about its impact on North Carolina.

Associated Press
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