Thursday, September 18, 2008

2005: Sen. McCain foresaw the meltdown

Ken Taylor wrote,

"For Mr. Obama's information John McCain saw this collapse coming as far back as 2005 and not only warned of the coming collapse but co-sponsored legislation to try and prevent it and go after the corruption that was causing much of the problem. Following is McCain's speech on the Senate floor during debate of Federal Housing Regulatory Act Of 2005 urging the Senate to pass the Act which fell to defeat after being blocked by Senate Democrats." Read it at Red State

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