Blame Bush? Not so fast! – “Setting the Record Straight: Six Years of Unheeded Warnings for GSE Reform”.

Setting the Record Straight: Six Years of Unheeded Warnings for GSE Reform – 

http://georgewbush-whitehouse.archives.gov/news/releases/2008/10/20081009-10.html

Over the past six years, the President and his Administration have not only warned of the systemic consequences of failure to reform GSEs but also put forward thoughtful plans to reduce the risk that either Fannie Mae or Freddie Mac would encounter such difficulties.”  In fact, it was Congress that flatly rejected President Bush’s call more than five years ago to reform the GSEs.  Over the years, the President’s repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those who emphatically denied there were problems with the GSEs.

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