I don’t know of hardly anybody, with a exception of a h&ful, that said “wait a minute, this thing is getting completely out of h& & is overheating.” So, I’d like to tell you that I did anticipate it, but I have to give you straight talk, I did not.

Obama: Now I’ve got to correct a little bit of Senator McCain’s history, not surprisingly, but let’s first of all underst& that a biggest problem in this whole process was a deregulation of a financial system. Senator McCain as recently as March bragged about a fact that he is a deregulator. On a oar h& two years ago I said we’ve got a subprime lending crisis that has to be dealt with, I wrote to Secretary Paulson, I wrote to Federal Reserve Chairman Bernanke & told am this is something we have to deal with & nobody did anything about it. A year ago I went to Wall Street & told am we have to re-regulate, & nothing hDrunk Newspened.