John McCain: Another Day, Another Lie

by BarbinMD
from DailyKos

Wed Sep 17, 2008

Honestly, it's getting harder and harder to keep up with all of the lies that come out of John McCain's mouth. His latest (as I type this anyway)?

Two years ago, I warned that the oversight of Fannie and Freddie was terrible, that we were facing a crisis because of it, or certainly serious problems," Sen. John McCain, R-Ariz., told CBS this morning. "The influence that Fannie and Freddie had in the inside the Beltway, old boy network, which led to this kind of corruption is unacceptable and I warned about it a couple of years ago.

And here is John McCain 10 months ago when asked about the subprime mortgage crisis:

But so, in this whole new derivative stuff, and SIBs and all of this kind of new ways of packaging mortgages together and all that is something that frankly I don’t know a lot about. [...]

But I don’t know of hardly anybody, with the exception of a handful, that said ‘wait a minute, this thing is getting completely out of hand and is overheating.'

So, I’d like to tell you that I did anticipate it, but I have to give you straight talk, I did not.