As ignorant as you are hideous, Troll:<quoted text>
Bullshit.When are you Repukes going to face the fact that liyng about the Right's blame when it comes to the financial meltdown doesnt make it go away.
Stupid piece of Right-Trash garbage.
One more reason the Right has no credibilty and will continue to Lose.
Six Years of Unheeded Warnings for GSE Reform - the White House
National Archives and Records Administration
Oct 9, 2008 -(Editorial, "Hear, See And Speak No Evil About Fannie And Freddie," The ... December: President Bush again warns Congress of the need to ...
Timeline shows Bush, McCain warning Dems of financial and ...
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Sep 24, 2008 - Uploaded by ProudToBeCanadian
The Bush Admin and Senator McCain warned repeatedly about Fanny Mae and Freddy Mac and what thus ...
Democrats Were Wrong on Fannie Mae and Freddie Mac - US News
U.S. News & World Report
Oct 6, 2008 - The legislation passed by Congress in 2008 enabled Treasury Secretary Henry Paulson to put Fannie and Freddie into federal conservatorship ...
"Over the past six years, the President and his Administration have not only warned of the systemic consequences of failure to reform GSEs but also put forward thoughtful plans to reduce the risk that either Fannie Mae or Freddie Mac would encounter such difficulties. In fact, it was Congress that flatly rejected President Bush's call more than five years ago to reform the GSEs. Over the years, the President's repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those who emphatically denied there were problems with the GSEs.
April: The Administration's FY02 budget declares that the size of Fannie Mae and Freddie Mac is "a potential problem," because "financial trouble of a large GSE could cause strong repercussions in financial markets, affecting Federally insured entities and economic activity." (2002 Budget Analytic Perspectives, pg. 142)
May: The Office of Management and Budget (OMB) calls for the disclosure and corporate governance principles contained in the President's 10-point plan for corporate responsibility to apply to Fannie Mae and Freddie Mac.(OMB Prompt Letter to OFHEO, 5/29/02)
February: The Office of Federal Housing Enterprise Oversight (OFHEO) releases a report explaining that unexpected problems at a GSE could immediately spread into financial sectors beyond the housing market.
September: Then-Treasury Secretary John Snow testifies before the House Financial Services Committee to recommend that Congress enact "legislation to create a new Federal agency to regulate and supervise the financial activities of our housing-related government sponsored enterprises" and set prudent and appropriate minimum capital adequacy requirements.
September: Then-House Financial Services Committee Ranking Member Barney Frank (D-MA) strongly disagrees with the Administration's assessment, saying "these two entities Fannie Mae and Freddie Mac are not facing any kind of financial crisis The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing." (Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie Mae," The New York Times, 9/11/03)
October: Senator Thomas Carper (D-DE) refuses to acknowledge any necessity for GSE reforms, saying "if it ain't broke, don't fix it." (Sen. Carper, Hearing of Senate Committee on Banking, Housing, and Urban Affairs, 10/16/03)