McCain: Obama Called Subprime Loans a ‘Good Idea’

Liberalprogressive, how convenient to ignore that McCain cosponsored a bill that would have imposed stricter regulations on FM/FM, isn't it? Typical.

What did Obama say when he was providing ACORN Housing with legal representation so that ACORN could strong-arm lending institutions and force them to award mortgages that were a bad investment? Please, tell us all about Obama's ACORN investments. Fact check that one.

Poor McCain and his supporters. They still don't get it.

Subprime mortgages was not the problem, it worked wonders for more than 2 decades.

Securitizing the risks was the problem: mortgage lenders didn't have to take risks with their own money. They gambled with the money from shareholders.

Nothing spells disaster more pronounced than gambling with someone else's money

The concept of sub-prime lending works fine, AS LONG AS the regulation of loan granting and reselling protected borrowers and investors from unscrupulous bank practitioners. With little or no regulation, as McCain so consistently fought for, abuse of the system was inevitable. Like telling school kids they could take a test without any adult in the room.

Once again Obama has been exposed
as having Bad Judgement!
He Did say it was a Good Idea!
Now when the house of cards He,
Chris Dodd, Barney Frank, and Franklin
Raines helped create has fallen apart,
resulting in our greatest domestic
crisis since the "great depression",
Obama says in effect that it was a
Bad Idea!
Obama and Bad Judgement Perfect Together!
Rezco, Wright, Ayers, Flegar, Jim Johnson, Franklin Raines, opposing
the troop surge in Iraq and calling for
immediate withdrawal, Opposing
off-shore oil drilling and nuclear power
as short-term bridges to our energy
future of wind, solar, and bio-fuels!
Stating that he would sit down without
pre-conditions and negotiate with
Ahmadinejad, Castro, Chavez, Kim Jung Il
etc! The above are some of the many
examples of Bad Judgement shown by
the Media Creation, Barack Obama!
We cannot afford to elect this
disaster in the making on November 4th!

Mavericks getting Mavericky

"consider that a fashion model with a teleprompter does not make a good president."

Really? Coming from the party that nominated Sarah Palin? C'mon, Obama saw this coming and warned last year in March. Whatever you say, there is no excuse for letting these very unmavericky mavericks take a stab at our economy now.

lies of OBAMA;

1) broke HIS OWN pledge to finance campaign ethically
2) playing race card filled with race-baiting lies in spanish-speaking ads (100 times worse than anything seen before)
3) pretending palin did no reforming in Alaska
4) lying about demoCRITES being true cause of housing crisis (he took SO much money from fannie/freddie)
5) lying about his record with Israel
6) Lying about his prior positions on late-term abortions
7) lying about john mccain's record - an honorable American hero
8) lying about his tax reform plan - how can you decrease taxes for 95% of Americans when 30% are not even paying income tax ???
9) lying about the 250,000 dollars threshold to increase taxes - that's not individual income - it is family income (see the fine print)
10) lying about his own prior positions on the surge in Iraq

Obama fans get this:

The louder and more intense your protestations, the more that McCan-Palin is making a direct hit on target.

Go ahead, whine and scream. It brings glee to those of us who will vote for McCain-Palin.

And thanks!

And, of course, not mentioned but perhaps should be foremost:

Obama trainng ACORN surrougates to pressure bankers into affirmative action lending.

Obama's friend and Chicago head of ACORN instructed their minions to stand in bank lobbies in protest so as to demand mortgages for which they were not qualified.

So, Obama is guilty in both word and deeds as charged.

So Obama saw what was wrong over a year ago.

And in March 2007, Obama wrote to Paulson and Bernanke urging them "to crack down on predatory lending practices, or to style new restrictions on subprime lending".

I don't trust McCain to get us out of this financial mess. He will just lie to us like he's lying now about Obama.

To: All you right wing bloggers referring to ACORN

McCain is stepping up attacks on Obama to change the subject. Why don't we wait and see if McCain uses ACORN to bash Obama? There is a reason we haven't heard of it in the national media, and that's because it's been hyped up by people like Kurtz. Even McCain, who adheres to the flimsiest standards of truth, isn't mentioning a word of it...

"Do American know that Democrats have controled Congress the last two years?"

I think they do, because it's cited by the GOP as the #1 reason why dems are to blame for the mess we're in.

Do YOU know that we've had a republican president with VETO power for the past 8 years? Do YOU know that while having a majority, the dems have not enough in congress to override a GOP filibuster?

Obama helped create this mess with ACORN pressuring banks to give bad loans to minority applicants.

Obama then defended raines and Jim Johnson of Fannie Mae.

But the media has made Obama out to be a saint.

"subprime lending started off as a good idea - helping Americans buy homes who couldn't previously afford to"

that's ridiculous politically correct pandering talk. If you borrow money, you should repay it, that's how you become a prime customer. If you're not a prime customer, you shouldn't be treated like a prime customer. this ACORN didn't fall far from the tree...

Come on...some lenders may have gotten greedy but most of them were forced by Fannie-Freddie to lower lending standards....Oh yes and Acorn who Obama used to represent and train employees how to hassle the lenders to make them keep up the low income loans. And McCain was the one who tried to get congress to regulate Fannie-Freddie. A lot of experts have stated that if regulation had started when McCain presetned legislation, the economy would not have nose dived.

mccain always does this

In other words, what Obama said in thaty speech is the EXACT OPPOSITE of what McCain is trying to turn it into. McCain is sick.

"If you repeat a lie often enough, it begins to sound like the truth."
Joseph Goebels

The only legislation he talks about he authored is on Ethics reform. Wow that appears it solved a lot of problems.

Do American know that Democrats have controled Congress the last two years?

Denise: "Project Vote is part of ACORN."

Yes - now. But it wasn't in 1992. They only started working closely together in 1994.