Video: Obama In 2007: Sub Prime Morgages – “Good Idea”

October, 6, 2008 — nicedeb

Expect to see this in an ad in the days to come:

Via The Campaign Spot:

Obama, In September 2007: ‘Subprime lending started off as a good idea — helping Americans buy homes who previously couldn’t afford to.’

 

Posted in Obamessiah, Uncategorized. 2 Comments »

2 Responses to “Video: Obama In 2007: Sub Prime Morgages – “Good Idea””

  1. greenenvy Says:
    October, 7, 2008 at 2:49 am

    Here’s the rest of Obama’s words from that day:
    And we cannot help but see some reflections of these practices when we look at the subprime mortgage fiasco today.

    Subprime lending started off as a good idea – helping Americans buy homes who couldn’t previously afford to.

    Most everyone knew that some of these deals were just too good to be true, but all that money flowing in made it tempting to look the other way and ignore the unscrupulous practice of some bad actors.

    Read the whole speech here:
    http://www.nytimes.com/2007/09/17/us/politics/16text-obama.html?_r=1&pagewanted=print&oref=slogin

  2. nicedeb Says:
    October, 7, 2008 at 8:35 am

    Pretty lame stuff, don’t you think?


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