Obama's Fannie Mae/Freddie Mac meltdown statement

The Chicago Sun-Times reports:

"Senator Obama has long believed we should take all necessary steps to ensure affordable homeownership for millions of American families, and that includes an essential role for Fannie Mae and Freddie Mac. Nearly a year ago, Senator Obama called for a major response to the housing crisis and significant relief for struggling homeowners. It took Senator McCain three different tries to figure out a real response to the housing crisis, and his current plan does nothing to help more than two million homeowners who are facing foreclosure," said Obama campaign spokesman Bill Burton.

Obama and the Chicago Democratic Machine are true experts in housing finance.