Barack Wrote a Letter . . .

The Born supremacy, and other meltdown myths.

“At the October 7 Presidential debate, John McCain said that Barack Obama had encouraged Fannie Mae and Freddie Mac to make risky loans, and that Mr. Obama was the second largest recipient of campaign cash from the government mortgage giants.

Mr. Obama replied that he “never promoted Fannie Mae” and that “two years ago I said that we’ve got a subprime lending crisis that has to be dealt with.” And that’s not all. “I wrote to Secretary Paulson, I wrote to Federal Reserve Chairman Bernanke, and told them this is something we have to deal with, and nobody did anything about it,” said the Illinois Senator.”

Is this how a Presidential hopeful is supposed to act when they see trouble on the horizon? Write a letter?

Read more here at the Wall Street Journal.


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Published in: on November 2, 2008 at 05:28  Leave a Comment  
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