UPDATE: Dafydd ab Hugh has more here and here.
UPDATE 2: Jawa Report has more.
UPDATE 3: Always good for a timeline, Flopping Aces doesn't disappoint.
Well, if you listen to the Obama campaign and the Left, it's all the fault of those money-grubbing Republicans who "run" Wall Street. However, when you start looking at who proposed what and when, the picture is quite different.
Ace has the scoop here.
Bush attempted to pass a bill in 2003 to provide more oversight for the two big Fs.
McCain spoke out about this in 2005.
Obama's campaign has close ties to many people involved in the subprime mortgage market, as Ace explains.