McCain Tried to Stop Bank Sub-Prime Debacle in 2006

McCain Letter Demanded 2006 Action on Fannie and Freddie
by  Human Events
10/10/2008

Sen. John McCain's 2006 demand for regulatory action on Fannie Mae and 
Freddie Mac could have prevented current financial crisis, as HUMAN EVENTS 
learned from the letter shown in full text below.

McCain's letter -- signed by nineteen other senators -- said that it was 
"...vitally important that Congress take the necessary steps to ensure 
that [Fannie Mae and Freddie Mac]...operate in a safe and sound 
manner.[and]..More importantly, Congress must ensure that the American 
taxpayer is protected in the event that either...should fail."

Sen. Obama did not sign the letter, nor did any other Democrat.

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http://www.humanevents.com/article.php?id=28973