Politics & Government

October 6, 2008 7:03 PM

Out of Bounds! McCain distorts Obama's words on subprime loans

In remarks Monday in New Mexico about the economic crisis, John McCain misrepresented an Obama speech in an effort to say Obama had endorsed subprime loans. In fact, Obama said that while subprime loans had once been a good idea, they were corrupted, and he called for greater regulation of the lending industry.

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