The video below clearly shows that the Bush administration tried to warn Congress starting in 2001 that this economic crisis was coming if something wasn't done. But congress refused to listen, especially the pompous protectionist Barney Frank.
Note the date on the FOX News report: September 2oo8.
The liberal media reportedly didn't want the video on YouTube and was successful in removing it from YouTube in the American market. The link is now routed through Canada.