In a radio address from Green Bay, Wis., on Saturday, McCain blamed the companies and their political clout for creating the housing mess now roiling Wall Street. "At the center of the problem were the lobbyists, politicians and bureaucrats who succeeded in persuading Congress and the administration to ignore the festering problems at Fannie Mae and Freddie Mac," he said. "Using money and influence, they prevented reforms that would have curbed their power and limited their ability to damage our economy. And now, as ever, the American taxpayers are left to pay the price for Washington's failure."
Stuff About My Work