McCain Corrects Record On Fannie Mae Meltdown

"Not only has Obama misrepresented this as a crisis of deregulation, but the record shows that Democrats like Barney Frank, Chris Dodd, Gregory Meeks, Lacy Gray, and others opposed the regulators we already had when they tried to blow the whistle. As late as this summer, Democrats kept trying to tell the American voters that Fannie Mae and Freddie Mac were stable, when in fact they were collapsing."

Economic crisis = Democrats' social engineering.