[9YearLurker]

No, but I THINK his claim was that it was about subprime lending (again, I’m sure that there wasn’t enough of it or the terms were too tough!)—and he’s trying to make it sound as if it was about F&F.

[Red Steel]

Brookhaven: "I broke it down paragraph by paragraph. It isn’t a warning about financial meltdown. It is a warning that we need MORE sub-prime loans.

Read it. It is amazing they can get away with saying Obama warned about the current crisis. Had they followed the advice in Obama’s “warning” letter, the crisis would have been WORSE."

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SO Obama wanted more unsafe loans that would fix the "current crisis." LoL! His letter than is pure BS.