As financial storm signals appeared the last 18 months, there were Bush officials who urged drastic reform of Fannie Mae and Freddie Mac. But, according to internal government sources, Treasury Secretary Henry Paulson objected because it would look "too political." Full Story »
Posted by Derek Hawkins
An interesting view of the current mortgage crisis from someone so far to the right he's almost left. Paulson told the New York Times that he "saw the crisis coming a couple of years ago" and warned the administration. I didn't but it and now, thanks to Novak, we know that was a lie. Cronyism was, is and shall be recorded by history, as the hallmark of this administration.
Retrieving Comments
