Who knew it? When did they know it? Why wouldn't they tell it? (McCain, regular)

[SilverOne]

YouTube - Timeline shows Bush, McCain warning Dems of financial and housing crisis; meltdown


Because they lied about it.

[Dockside]

Long before any politician would touch it, The Wall Street Journal was all over FNM accounting irregularities and warning about the consequences. But FNM fit the social engineering policies of powerful Democratic politicians such as Schumer, Dodd and Frank. The final housing bubble was one of the slowest moving and most anticipated pops ever to hit the market...it's amazing any financial firm was so short-sighted not to be prepared.

[burdell]

Originally Posted by Dockside

Long before any politician would touch it, The Wall Street Journal was all over FNM accounting irregularities and warning about the consequences. But FNM fit the social engineering policies of powerful Democratic politicians such as Schumer, Dodd and Frank. The final housing bubble was one of the slowest moving and most anticipated pops ever to hit the market...it's amazing any financial firm was so short-sighted not to be prepared.

Unbounded greed creates some pretty effective blinders...................

[delusianne]

Originally Posted by SilverOne

YouTube - Timeline shows Bush, McCain warning Dems of financial and housing crisis; meltdown


Because they lied about it.

The Credit Crisis: The Bush Administration's Record of Denial and Regulatory Neglect