Be sure and watch this video which was not allowed in the US. And today Barney is making all the decisions????!!!!!! This video shows that George Bush tried to warn Congress in 2002 that this economic crisis was coming, if something was not done!! But congress refused to listen, along with Barney Franks. This video says it all.
The Bush Admin and Senator McCain warned repeatedly about Fanny Mae and Freddy Mac and what thus became the 2008 financial crisis -- starting in 2002 (and actually even earlier -- in the Clinton and Carter White Houses. Democrats resisted and kept to their party line, extending loans to people who couldn't afford them -- just like you would expect of socialists.