The timing of the crash/bailout deserves study. Could it have been coincidence? Sure.
However, it was also at a critical part in an election campaign. Could it have been politically expedient to have it announced when it was? Yes, it certainly hurt. And the fact that they were able to hold off that “critical need” for money is evidence that it did NOT have to be announced when it was.
Heck, they’re still trying to get banks to quit sitting on the money they were supposedly desperate to get their hands on.
I suspect that if McCain had voted against the bailout, that he would have won this election. But he panicked and mortgaged our future, like the rest of the RINOs. On ecomomics the only difference between Obama's economic plan and McCains, was that Obama had a plan.
Well, Schumer made some odd comments earlier in the year, Fannie and Freddie were Dem to the core, and Soros, Buffet, Gates, Paulson were all Obamabots. It isn’t that they caused the bubble for this to happen, but they COULD have tried to control WHEN it popped. If they knew it was going to happen in the next 6 months...why not help it along?
MASSIVE shorting of financial companies sped this up, otherwise they could have hung in there longer. Just a matter of timing.
Fannie Mae and Freddy Mac triggered the economic crisis.
Given that both were run by Democrat hacks who were taking direction from more Democrat hacks in the Congress (and especially from the Congressional Black Caucus), there is every reason to suspect the timing of the affair was managed for partisan purposes.
Maybe it was a coincidence. But it's more likely that it wasn't...