Freddie Mac and Fannie Mae Back and Forth

Posted: Oct 07, 2008 9:15 PM
During the second question McCain hits Obama on Freddie Mac and Fannie Mae

"With the encouragement of Senator Obama and his cronies and his friends went out and made all these loans to people who could never afford to pay them back," McCain said. "There were some of us who stood up against it and there were others who took a hike."

Obama responds "What Senator McCain didn't mention was that this wasn't his bill,he jumped on it a year after and it never got passed." (McCain was a co-sponsor of the bill).

Interesting that McCain used the word "cronies" don't you think?