Since the Democrats Took Control of Congress

[MaggieMae]

OK, let's start with the obvious: Democrats tanked the housing market by protecting Fannie and Freddie, even as they were plunging down the sinkhole Barney Frank (D) said the following words that shall live in infamy

"These two entities—Fannie Mae and Freddie Mac—are not facing any kind of financial crisis,"

When the Republican controlled Congress they tried to rein in the looming disaster

And tellingly, Fannie Mae and Freddie Mac are not even included in the So Massively Important & Critical That It Must Be Passed Before Anyone Can Read It Financial Reform Bill (which somehow manages to give the FTC more control over the internet).

Fannie & Freddie are unique and shouldn't be tossed into basic financial reform which will just muddy it up.

Fannie, Freddie Fix Is Federal Hot-Potato - WSJ.com
The losses being reported today are a legacy of mistakes made during the boom, not from current activities. It's unrealistic to suggest that the government can walk away from those losses or limit the amount taxpayers will cover unless it's willing to sacrifice confidence in U.S. investments. The loans that Freddie and Fannie are making today have much tougher underwriting standards and are expected to be profitable for the companies.

 

[Rozman]

If you're a lib the only way to defend the Dems is to blame it on Bush,scream out HALLIBURTON whenever
you feel the time is right and go merrily on you way.

 

[MaggieMae]

If you're a lib the only way to defend the Dems is to blame it on Bush,scream out HALLIBURTON whenever
you feel the time is right and go merrily on you way.

Where is Halliburton, I wonder, during this oil spill disaster? And ol' Dick Cheney too? They are strangely silent.