1997 that the structure of Fannie Mae and Freddie Mac would one day lead to the meltdown of the two institutions. At that time, he called Fannie Mae and Freddie Mac "financial time bombs." McKinley has testified before a Subcommittee of Congress on issues related to U.S. consumer bankruptcy policy. Books Borrowed Time: Two Centuries of Booms, Busts and Bailouts at Citi, (with James Freeman) HarperCollins, 2018. Financing Failure: A Century of Bailouts, Independent Institute, 2012. 2008 Congressional election In 2007, McKinley announced his 2008 bid for the United States Congress in the . McKinley's campaign centered on his experience as a policy advisor to the U.S. and foreign governments, his legal and government experience, and domestic and international policy issues. McKinley positioned himself as a traditional small government Republican in the campaign. Throughout the campaign Congressman Wolf refused to debate. McKinley lost the June 10, 2008, Republican primary with 9% of the vote to Wolf's 91%. References External links McKinley article "Financing Fannie and Freddie’s Failures” from the Independent Institute, 2012 McKinley article "Financing Failure: The State of Bailouts Overseers Simply Watch While Institutions Go Up in Flames” from the Independent Institute, 2012 McKinley article "Sheila Bair's Legacy: Bailouts, Secrecy and Power Grabs: Good riddance to our outgoing FDIC chair” from the Independent Institute, 2011 McKinley article with Gary Gegenheimer "Bright Lines and Bailouts” from the Cato Institute, 2009 McKinley article "Making Regulators Write in Plain Language in the Cato Institute's Regulation Magazine, 1998 McKinley article "Ballooning Bankruptcies" in the Cato Institute's Regulation Magazine, 1997 McKinley policy analysis on "The Mounting Case for Privatizing Fannie Mae and Freddie Mac" from the Cato Institute, 1997 McKinley article "Sunrises Without Sunsets: Can Sunset Laws Reduce Regulation?" in the Cato Institute's Regulation Magazine, 1995 McKinley article "CRA: Ensuring Credit Adequacy or Enforcing Credit Allocation?" in the Cato Institute's Regulation Magazine, 1994 Living people Candidates in the 2008 United States elections 21st-century American politicians George Washington University Law School alumni People from Ashburn, Virginia People from East Chicago, Indiana Year of birth missing (living people) University of Illinois Urbana-Champaign alumni