John McCain: Mortgage Crisis Avoidable

Today John McCain made the claim that if he had been president that the mortgage crisis which ultimately is responsible for dragging the whole economy down, would have been avoided if he had been president. Here is the problem, John McCain has been an active supporter of the deregulation that led to this mess. The reversal of regulations that were put in place after the great depression that would prevent banks from over investing the money of others in risky areas. Based on his long history of deregulation it is impossible to believe that he would have acted any differently than if he had run against Bush and won.  It is clear that John does not understand how we got in this mess and that his policies were a direct cause!