After the dust settles and we look around to look for some answers as to how we found ourselves here and why no one saw it coming, you might find the following video interesting. I am sure there are other explainations as well, and as I have said before I think there is blame for everyone from ourselves all the way up the ladder. But the following is compelling. Go to you tube and search for Burning Down The House: What Caused Our Economic Crisis? V2 under videos. It is really good. In May 2006 McCain said: "I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole. I urge my colleagues to support swift action on this GSE reform legislation." Answer: John McCain, May 06. He saw what was going to happen 2 years ago and wow he was right wasn't he?