Posts Tagged ‘foxnews’

Foxnews Report on Who Warned About Looming Problems

Here’s a Foxnews report detailing some of the history of the financial mess.  Key items:
1. The Bush administration started warning about Fannie and Freddie in 2001 and proposed detailed reforms in 2003.  The Democrats, particularly Barney Frank, blocked them.
2. In 2005 Alan Greenspan warned of the potential wide spread economic disaster without reforms and John McCain cosponsored [...]