The fact remains … Democrats caused the financial crisis.
Chrissy’s Site Bites: http://news.webshots.com/photo/2907595890056011884icjYhS
Cartoon from: TerrellAfterMath.com
Timeline shows Bush, McCain warning Dems of financial and housing crisis; meltdown [4:00]
The Bush Admin and Senator McCain warned repeatedly about Fanny Mae and Freddie Mac and what thus became the 2008 financial crisis — starting in 2002.
Democrats resisted and kept to their party line, extending loans to people who couldn’t afford them.
The video includes quotes from Barney Frank touting the alleged financial soundness of Fanny and Freddie and from Chuck Schmucker about how Fanny and Freddie were doing “a very, very good job.”