Shaun Donovan, Obama's pick for HUD Secretary, was prescient

By GottaLaff

This is the kind of foresight we should have heeded years ago:

Politico's Glenn Thrush reports that, in a conversation with Donovan in 2004, the future HUD Secretary foresaw the subprime crisis. "Donovan brushed aside my questions about the city's initiatives and began talking at length about the coming 'flood' of foreclosures he anticipated among highly leveraged apartment buildings purchased by recent immigrants -- and a looming subprime crisis for one- and two-family homeowners in up-and-coming neighborhoods in southeast Queens and central Brooklyn."

Thom Hartmann called it, too. He should be Secretary of Brilliant.