Thursday, April 9, 2009

Dems ignored those Bush and McCain Warnings On Fannie Mae and Freddie Mac

"How soon we tend to forget (and the Democrats chose to ignore) that the financial crisis could largely have been prevented, were it not for the destructive impact of Fannie Mae and Freddie Mac - whose policies resulted in 25 million junk mortgages: Timeline shows Bush, McCain warning of financial crisis:

"The Bush Administration and Senator McCain warned repeatedly about Fannie Mae and Freddy Mac and what thus became the 2008 financial crisis -- starting in 2002. Democrats not only resisted all reform efforts, but Barney Frank continued to declare them 'financially sound' despite clear signs of meltdown."