claim: "in 2006, i went out and authored a letter with 24 other senators asking for major reform of freddie and fannie, warning of a meltdown and a bubble in the housing market."
author: rick santorum
evidence_1: oct 9, 2008 ... "neither the white house nor congress heeded the warnings, fannie and freddie retained strong bipartisan support during the 1990s and early part of this decade." (editorial ... in fact, it was congress that flatly rejected president bush's call more than five years ago to reform the gses. over the years, the ...
evidence_2: oct 1, 2008 ... and it's unclear how much the legislation would have helped, as mccain signed on just two months before the housing bubble popped. in fact, there's ample blame to go around. experts ... 30, saying "obama was notably silent" while democrats blocked reforms leaving taxpayers "on the hook for billions.
evidence_3: jun 11, 2012 ... subprime lending surged from 2004 to 2006 during the height of the housing bubble. according to kimberly amadeo in an article titled “did freddie and fannie cause the housing crisis“: “between 2004 and 2006, when subprime lending was exploding, fannie and freddie went from holding a high of 48 ...
evidence_4: the subprime mortgage crisis impact timeline lists dates relevant to the creation of a united states housing bubble and the 2005 housing bubble burst (or market correction) and the subprime mortgage crisis which developed during 2007 and 2008. it includes united states enactment of government laws and regulations, ...
evidence_5: oct 23, 2008 ... alan greenspan, the former federal reserve chairman, said he “made a mistake” in trusting that free markets could regulate themselves. ... institutions to protect shareholders' equity, myself included, are in a state of shocked disbelief,” he told the house committee on oversight and government reform.