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RoyalWe
Posted: 04.24.09, 06:44 AM
What an absolute and epic joke - I don't suppose Ms Speaker is calling for an investigation in the joint role she and Barney Frank played in blocking increased regulation of Fanny Mae and Freddie Mac in both 2003 and 2005?

Given that those two are at the epicenter of the collapse, naturally it wouldn't make any sense for the American people to get a clearer view of why they weren't regulated more thoroughly? We know why. Because Congressional Democratic leadership went to the mattresses to protect their donor pool.

Wall Street bears plenty of blame in this mess - but no more than Congress. And no one in Congress bears more blame than those who prevented efforts by the usually idiotic Bush admin to tighten regulation of the two housing behemoths (yes - the Bush admin proposed dramatically tightened regulation of Fannie and Freddie in 2003 but got blocked with the lead help of Barney Frank and other Congressional Dems). Any so called "investigation" at his pt is a purely populist political game.