The Financial Crisis; Who Wanted To Fix It and Who Didn’t
From Bruce McQuain at Q&O, comes a quiz:
1. Who identified and tried to fix what presently ails Freddie Mac and Fannie Mae 5 years ago?
2. Who opposed the plan, saying they were not in any kind of financial crisis?
McQuain gives a hint as to what the answer to #2 is; the same folks who say Social Security is just fine, and Medicare is doing well, too. Bruce has a link to a contemporaneous New York Times article that explains the proposal and the smack down.
Remember this when Dem…er, certain politicians try to place blame for this and try to use it as a campaign gimmick.
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