How we got to this place

[swampy]

Don, I've posted direct links in other threads and I'm not going to go back and research them for you. I will however give you the link to McCain's submission into the Congressional Record of May 2006 wherein he warns Congress, again, of the Fannie Mae problem.

http://thomas.loc.gov/cgi-bin/query/D?r1...r1095NKgcA::

If you want to read the entire text of the Federal Housing Enterprise Regulatory Reform Act of 2005, here's the link to the Congressional Record...
http://www.govtrack.us/congress/billtext...l=s109-190