Who knew that Goldman, Citi, Merryll, AIG were subject to the CALAMITOUS effects OF THE LEFT and their unsound, imprudent and nonvirtuous policy failures?
Uh, they weren't.
Well, you should have told the Republicans who ran the government including the agencies responsible for overseeing Freddie and Fannie. They ignored the problem.
Of course the left wants to focus on the results on the failure inherent in human frailties... BUT NEVER ON THE POLICY WHICH AMPLIFIES THOSE FRAILTIES... NEVER ON THE ABUSE OF POWER WHICH FEEDS ON THOSE FRAILTIES... NEVER on the secular progressives who demand that science is the answer and rejects the moderating effect of sound, virtuous, prudent bed-rock principle.
We didn't elect Republicans to power. You got the wrong group.
Well even a BLIND nut, finds a squirrel now and then... its true that 'you' did not elect Republicans t power and it's also true that there are no American policies being advanced... as it is true that there is no American policy which require actuarial thresholds be lowered to accomodate LOW INCOME BUYERS... because of some principle-less, twisted notions of fairness.
Republicans made MANY attempts to revise the absurd theft which the left was perpetrating through their quasi-federal mortgage banks... Bush noted that BOTH were in deep trouble in his 2000 Campaign... and soon after taking office in 2001.
Sadly, the Minimal majorities that the GOP enjoyed, particularly given the "Moderates" precluded the GOP from overcoming the VOCIFEROUS DEFENSE OF THE POLICY BY THE RADICAL LEFT...
Oh quit making shit up.
The Republicans contolled the Congress and the WH and could have passed about whatever they wanted.
The *only* bill to regulate Fannie/Freddie that was passed during the entire 6 years the Republicans completely controlled the government was a bipartisan bill passed in 2005 by the Republican House with the bipartisan support of Frank and the Dems, and according to the bill's sponsor, Republican Mike Oxely (of Sarbanes-Oxely regulations fame) the bill was shot down by the White House which gave them the "one fingered salute" because the WH wanted to privatize it.
Now again... it's a failure of character... it's a function of human frailty... it's a function of human NATURE; and it's LEFTIST POLICY WHICH PROMOTED THE FAILURE BY ESTABLISHING POLICY WHICH LENT ITSELF TO THE FEEDING ON THOSE FRAILTIES... rewarding bad behavior and lowering standards which are designed to DISCOURAGE bad behavior.
The only human fraility around here is your penchant for making stuff up.
Now the same thing will happen within the relavant circumstances for the normalization of sexual perversion and the attempts to redefine marriage... legalize pot, prostitution, etc, etc...
Nice misdirection.