I recall Treasurer Paulson going to the foolish Bush to push a crony bank bailout called TARP that I’m not so certain was necessary for a coming mild recession that should not have lasted more than couple of quarters. In comes Commie Obama who makes a small and mild recession last for years that lingers to this day. And moreover, DUmb McCain suspending his campaign to go to DC in support of it.
Absolutely true. But that would never have happened if Fannie & Freddie had been reformed in 2004.