Oops: John McCain Admits Getting Caught of Guard by Financial Crisis

ABC News’s Jake Tapper points out that John McCain has recently been exaggerating his claim of forewarning everyone of the financial crisis:

“Two years ago, I warned that the oversight of Fannie and Freddie was terrible, that we were facing a crisis because of it, or certainly serious problems,” Sen. John McCain, R-Ariz., told CBS this morning. “The influence that Fannie and Freddie had in the inside the Beltway, old boy network, which led to this kind of corruption is unacceptable and I warned about it a couple of years ago.”

This interview from 11/04/2008 he says that he did not anticipate the sup-prime mortgage meltdown:

From Think Progress:

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