This is something that I have argued continuously to my Democrat friends of how it is THEIR party that insisted nothing was wrong with Fannie Mae or Freddie Mac and consistently thwarted Republican efforts to further regulate them when the GOP saw this run-a-way train coming down the track.
Now I don't know that regulation was the answer either, but there should have been a criminal investigation into the wrong-doing and cooking of the books under the stewardship of Franklin Raines, who became Obama's economic advisor.
Seems like crooks to the left and far left have found escape in the Obama administration. I challenge any of you open-minded leftists to view the damning videos contained in this posting and tell me where I am wrong on this issue.
It is PRECISELY because of the greed of Democrats in protecting these cash cows that the housing industry collapsed thus providing the initial impetus for our current recession we are now in the depths of over the past two years.
(By the way, my thanks to Lisa for providing the link to this excellent video!)