Obama keeps saying he “warned” about the impending crisis. Does anyone know what he is talking about or is this just total BS?
“The question, I think, that we have to ask ourselves is, how did we get into this situation in the first place?
Two years ago, I warned that, because of the subprime lending mess, because of the lax regulation, that we were potentially going to have a problem and tried to stop some of the abuses in mortgages that were taking place at the time.
Last year, I wrote to the secretary of the Treasury to make sure that he understood the magnitude of this problem and to call on him to bring all the stakeholders together to try to deal with it.”
http://www.kansascity.com/445/story/816036-p2.html