New Agency Proposed to Oversee Freddie Mac and Fannie Mae - New York Times

New Agency Proposed to Oversee Freddie Mac and Fannie Mae - New York Times

Gottcha!

This is not a current story, it is a NY Times article dated September 11th 2003. That's right, 6 years ago! It outlines the Bush administrations warning - one of at least 3, that Fannie Mae and Freddie Mac were broken and at great risk.

The solution proposed by the administration is absolute idiocy, but it proves what almost no one is aware of - or is unwilling to admit - that this financial meltdown was not Bush's fault. It's seeds were own decades ago, and the last 10 years we have been shoveling fertilizer on it. The Liberals had the shovels. And when they were warned about the financial reality, they accused the Administration and Republican Senators of being racists.

Read the article, it contains some compelling details. How much do you remember hearing about this?