Saturday, October 4, 2008

Early recognition of potential financial crisis

According to this enlightening news story, the Bush administraion, John McCain, and Alan Greenspan all voiced concerns and the need for regulation early-on about the Fannie Mae and Freddie Mac issue, and the Democratic representative of the Chairman House Financial Services Committee (who is now blaming Bush and McCain for everything) was singing the praises of the mortgage companies who were putting so many people in houses way beyond their ability to afford.

It really sheds some light on current issues to look back and see who was saying what, and who has changed their story...

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