What caused the economic crisis.

This is a fast paced video with information regarding the current crisis. Please take the time to watch and learn. John McCain did try to avert this crisis in 2006 by speaking about the Federal Housing Enterprise Regulatory Reform Act of 2005

I join as a co-sponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.

This was 2006! What happened to the bill? Never made it out of committee, taken down by the Democrats, some of whom were in the process of receiving deals of their own. The top 3 people who received political money from Fannie Mae and Freddie Mac were all Democrats....the #2 guy was Obama, only 4 years in the Senate and ahead of John Kerry.

(Pause any part of the video to read the information being presented...it does move fast)




As a follow-up, look on the left index for the post Seen the true colors yet of Obama?