Regardless of how you feel about Obama's experience on the matter, he threw McCain into a brick wall.

Hotdamn! Keep reminding everyone, especially the investigative reporters (such as they are and what there is of them) about the S and L crisis, and just maybe they'll revive the Keating Five scandal. This will be especially helpful if, as I suspect, the Swiftboaters will soon begin their tsunami of sludge about supposedly shady real estate "deals" in Chicago which the Republicans will claim involved Barack (even though the incidents have been cleared, we all know how the Rovians can distort, leave off crucial facts or words to make a smear). Can the blogs keep up the pressure about the S and L debacle until it hits the main stream? Offense is the best defense.

I can see it now

"Barack Obama saw the mortgage crisis coming.  In February 2006, he proposed legislation to stop fraud, risk or abuse.  A year later, he continued to warn our leaders about risks of mounting foreclosures.  

Senator Obama took action.

Senator McCain?  He just didn't know what to do.

We can't risk four more years of a failing economy, and we can't risk four more years of the same."

a fat piece of meat.  Let's hope he uses it.

His history of prevention on this matter barbeque sauce.

Edward Glaeser, Professor Of Economics At Harvard University, Called Obama's Senate Proposal To Alleviate The Mortgage Crisis The "Stop Credit Act." "Looking forward, we should mandate better disclosure forms that make the terms of a loan more obvious to everyone, but we should avoid laws that will enhance legal uncertainty facing lenders. For example, Senator Obama's Stop Fraud Act threatens lenders with up to 35 years of prison and $5 million fines if they use any 'false or fraudulent pretenses, representations, or promises.' Given the vagueness of the term 'fraudulent pretenses,' I would expect to see millions of borrowers use the threat of prison or the threat of a lawsuit to get out of paying back their mortgage. I would also expect to see lenders shun loans that can lead to such lawsuits. Perhaps, the law should be called the 'Stop Credit Act.'" (Edward Glae ser, Op-Ed, "Vilifying Lenders," The New York Sun, 9/18/07)

As you can see, this is a Professor of Economics at Harvard University!

Good day all...

a neconservative paper that claims to stand for "limited government, individual liberty, constitutional fundamentals, equality under the law, economic growth ... standards in literature and culture, education."  Among other things, "The paper courted controversy in 2003 with an unsigned February 6 editorial arguing that protestors against the Iraq war should be prosecuted for treason."