“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.”
Agree on Greenspan. Obviously it was more than just me, Shiff, and that Big Short guy. As far as Bush was concerned, he seemed out to lunch, with his ‘Ownership Society” crap. At least that’s how I remember it.
You don't have to like Bush (and McCain) but they did warn about Fannie Mae and Freddie Mac in this particular video from 2005.