April 2003 – Bush Admin warns of financial issues via Fannie Mae/Freddie Mac if regulation not implemented
Sept 2003 – Barney Frank says worries about Fannie/Freddie was fanciful and blocks legislation to regulate
May 2005 – Greenspan warns of systemic financial risk of not regulating Fannie Mae/Freddie Mac after accounting screw-ups come to light
Charles Schumer (D) pushes back
May 2006 – McCain pressing for more regulation of Fannie & Freddie. House passes (all Dems vote against) Republicans don’t bring to Senate for vote.
How is Barney Frank on the Financial Services Committee?