That's all pretty accurate , but leave out a very important point . Over the last 5-6 years, Democrats have insisted that Fannie - Freddie policies were sound , and the entire structure was in a good financial situation . This was clearly not true , so they were very stupid or " decision . "
MedlinePlus
However, recent years Republicans have been warning the public over and over that it was a house of cards to collapse . In May 2006, McCain , and nearly every other Republican senator signed a public letter warning that Fannie and Freddie were in deep trouble and needs to be fixed . There is a link that shows the letter with signatures. Not a single Democratic senator signed the letter .... not one. MedlinePlus
MedlinePlus
Obama was the largest recipient of Fannie - Freddie "donations " in recent years , after ( Sen. ) Chris Dodd . Gee, I wonder why he would not sign the letter ? MedlinePlus
MedlinePlus
It's pretty clear whose fault was that, if one is only willing to read the file .
