Instead, you have Chuckie Schumer, Chris Dodd and Barney Frank to thank for your difficulties. They are the ones who “made it happen”. Oh, not to mention the Democrat Senators as a group, who filibustered the bill designed to correct the problems (the 2005 Mortgage Lending & Financial Reform Act).
Dodd-Frank was signed in 2010, so it’s a “RAT response” to the 2007 debacle. The hard fact of the matter is that Boosh was president with the crap hit the fan and my bet is that he was so wrapped up with his wars of liberation that he didn’t pay much attention to what was going on with the banksters.
I wasn't referring to Dodd-Frank. Instead I was referring to Sen. Chris Dodd, Chairman of the Senate Banking Committee, and Cong. Barney Frank, Chairman of the House Banking Committee. They knew what was going on at Fannie Mae and Freddie Mac. Indeed they had helped plan it, were profiting from it...and then conspired to hide it.