Here's a link to the bill that John McCain co-sponsored in 2005-2006 to try to prevent the Fannie Mae and Freddie Mac mortgage debacles that have contributed greatly to our current financial mess. Whatever happened to the bill? It died in committee. http://www.govtrack.us/congress/record.xpd?id=109-s20060525-16&bill=s109-190
And here's an interesting YouTube video. Obviously its maker has an agenda, but as far as the legislation and hearings cited in this particular video, his claims are solid.
As with anything you see on YouTube, always fact check. I did, and this one stands up. If you find otherwise, let me know (as if I even have to say that). What the hell were we all thinking about when Franklin Raines was using our tax dollars as a slush fund? http://www.youtube.com/watch?v=Z5z9lD4C2Io
Incidentally, no, I don't share the vidoemaker's views on everything else Obama-related (I certainly don't think Obama is, or ever was, a communist or was interested in being one, etc.--that's crazy talk). Of course, that's not in the video, that's just a little background for you.