FACTBOX-Obama, McCain discuss financial crisis plans

Oct 15 (Reuters) - Barack Obama and John McCain discussed their plans to address the U.S. financial crisis in their final presidential debate on Wednesday, but gave no new details beyond those they released earlier this week.

Under a $700 billion bailout program for Wall Street, the federal government will buy stock in troubled banks and distressed mortgage-backed securities, while widening insurance for bank deposits among other emergency steps.

Arizona Republican Sen. McCain has proposed spending $300 billion of the $700 billion plan on buying shaky mortgages and replacing them with more affordable home loans. He is also calling for $52.5 billion in tax cuts.

Illinois Democratic Sen. Obama has offered a $60 billion package of tax measures, infrastructure spending, loan guarantees for automakers, help for struggling homeowners and a 90-day moratorium on home foreclosures, among other steps.

McCain on financial crisis

"Now, we have allocated $750 billion. Let's take 300 of that billion and go in and buy those home loan mortgages and negotiate with those people in their homes ... so that they can afford to pay the mortgage, stay in their home."

"We ought to put the homeowners first. And I am disappointed that (Treasury) Secretary (Henry) Paulson and others have not made that their first priority."

Obama on financial crisis

"Let's focus on jobs. I want to end the tax breaks for companies that are shipping jobs overseas and provide a tax credit for every company that's creating a job."