[BobL]

“The Bush Admin and Senator McCain warned repeatedly about Fanny Mae and Freddy Mac and what thus became the 2008 financial crisis”

That was a symptom, but they NEVER warned there would be a crash in prices, as Shiff, Me, and that Big Short guy did.

[MinorityRepublican]

You need to watch the video. Greenspan pointed out that the entire financial system was at risk. Schumer praised Fannie Mae and Freddie Mac for making housing loans available for more people.

Bush and McCain saw the risks at the time but the Democrats refused to do something about it because they did not want to take away a program that was benefitting their voters.