For many years the President and his Administration have not only warned of the systemic consequences of financial turmoil at a housing government-sponsored enterprise (GSE) but also put forward thoughtful plans to reduce the risk that either Fannie Mae or Freddie Mac would encounter such difficulties. President Bush publicly called for GSE reform 17 times in 2008 alone before Congress acted. Unfortunately, these warnings went unheeded, as 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.
dijous, 2 d’octubre del 2008
Les 17 negatives del Congrés
La Casa Blanca publica la relació de peticions que el president Bush ha fet al Congrés durant tot el seu mandat per reduir el risc que suposaven les GSE com Fannie Mae o Freddie Mac. Totes les peticions van ser ignorades o tombades per la majoria demòcrata.
