Monday, October 13, 2008

The 2006 Letter Warning of the Collapse of the Mortgage Market Signed by John McCain

Click on image to enlarge
Of course, Obama's name does not appear on this letter because he was a defender of Fannie Mae and Freddie Mac policies of pressuring banks to hand out sub-prime loans, and was the second largest recipient of Fanny and Freddie campaign contributions. He was in the tank for those who caused this entire mess, completely and absolutely; and this effort was blocked by Obama and Senate Democrats.

It is simply stunning that folks like Obama who caused this economic mess to begin with stand to benefit politically. With a straight face Obama blames others and now looks forward to socializing as much of the economy as possible to "save" us from the mess that he and his friend caused. A Democrat wet dream come true.

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