[STARWISE]

FYI
President George W. Bush

Setting the Record Straight: Six Years of Unheeded Warnings for GSE Reform

The Washington Times Fails To Research The Administration’s Efforts To Reform Fannie Mae And Freddie Mac

Excerpt:

Over the past six years, the President and his Administration have not only warned of the systemic consequences of failure to reform GSEs but also put forward thoughtful plans to reduce the risk that either Fannie Mae or Freddie Mac would encounter such difficulties.

In fact, it was Congress that flatly rejected President Bush’s call more than five years ago to reform the GSEs. Over the years, the President’s repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those who emphatically denied there were problems with the GSEs.

Rest, listing ALL his many attempts
http://georgewbush-whitehouse.archives.gov/news/releases/2008/10/20081009-10.html

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Documented .. Pres Bush started to rein in this monstrosity in 2001 .. with the last plea in Sept 2008. He was blocked in the main by the outright LIAR, Barney ‘Frankly Twisted’ Frank.

[Bellflower]

Thank you for that great info. Printing out copies to put in my arsenal. Not only do many leftist blame Bush for the financial meltdown but so do many, many on the right. The only real fault of Bush is that when Congress didn't do anything to stop the meltdown from coming he should have used the Presidential bully pulpit and told the people about the problem and we could have put pressure on the liberal Congress. Then, in the least, he wouldn't have taken all the blame. I think he may have wanted to insulate the public from how bad it eventually became because he didn't want a panic.