No , Bush sent a memo to congress in 2001 warning them of the housing bubble , Frank denied there was a problem , Bush called on congress 17 times to fix the problems.
McCain sponsored a bill in the senate to fix the housing bubble in 2005 , Dodd blocked it.
There is a 9 minute youtube video that documents all these accounts with newspaper stories and the actual number of McCains bill , along with newspaper accounts of the democratics saying that Bush and the republicans were crazy.
This bad bill was Clinton , redoing an act Carter did in the 70s , some kind of BS community reinvestment act , heres the kicker , in the mid 90s Obama was one of the “ community lawyers ” suing to force the banks to change their lending practices.
So as you can see , the collapse of 2007 was all the democratics fault , but shhhhhh , the media doesn't want the sheeple to know the truth.
I can't remember the name of the youtube video , which only documents with documents and never speaks.
Seems like it was “ the video the democratics don't want you to see ” .... but I am not positive , but I will go check on it.
ALSO , youtube video 2005 : Barny Frank 2005 , what housing bubble....
ALSO THIS STUNNER.Youtube :Democrats cover up for Fannie Mae & Freddy Mac in 2004:
DEMS were jumping all over the poor government guy who had brought forth the bad report in 2004 , and defending Rains , who latter became an Obama financial adviser.
Republicans over and over in this 8 minute clip warned of wrong doing , bad policy and imminent danger , whilst the DEMS took up for Rains and basically said this was great policy and the republicans only wanted to take away opportunity...... LMAO
Reminds me of the democratics in the IRS hearings.
This post was edited on 6/30 at 3:44 am