Who is to blame for the current financial crisis?
From all accounts, President Bush has been raising this issue from almost his first inaugural. We see Alan Greenspan signaling problems, and we see John McCain sponsoring legislation to place some over site board over Freddie and Fannie. It looks like the Democrats had blinders on to the future of the GSE's.
It is no wonder harry Reid et al has no clue how to resolve this... they are the ones who allowed this mess to happen.