if mccain hit the bullseye in 2005, why did he say that he missed the bullseye by not anticipating the subprime crisis in 2007? mccain got involved because of the $10.6 billion accounting scandal


but that is besides the point: even if mccain had hit the fannie and freddie bullseye, the proposed reforms would not have stopped the subprime crisis...over 80% of the subprime mortgages were issued by the private banks outside of fannie and freddie...george bush leaned on fannie and freddie in 2005 to issue more loans to low income homebuyers to catch up with the private banks...fannie and freddie didn't cause this crisis - read all about it:

Fannie Mae and Freddie Mac were victims, not culprits - BusinessWeek

Did Fannie and Freddie Cause Mortgage Crisis - Fannie Mae Freddie Mac and Government Bailout Bill

Econbrowser: CRA and Fannie and Freddie as betes noire




in early 2005, the bush administration HUD chief and treasury secretary pressured fannie and freddie to issue more loans to low income homebuyers:

HUD Testimony - Statement of HUD Secretary Alphonso Jackson, before the U.S. House Committee on Financial Services, 4/13/05


as for your complaint about the socialist dunce, what do you think of mccain's socialist plan to use taxpayers money to buy up bad mortgages from people who can't afford the homes they bought? he's skipping the banker-middleman and directly nationalizing the mortgages!