Wall St Meltdown

As more and more information is coming out on Fannie and Freddie and the complete collapse underway in the financial sector the haze is clearing on what caused this mess. I know the the mantra that continues to get thrown out by liberals right now is that "it's George Bush's fault," but honestly, to a liberal, what isn't his fault these days? Reality seems to be painting a much grimmer picture for Democrats, particularly Chris Dodd and Barney Frank.



A few facts that aren't disputable:

• President Bush has made calls to reform Fannie and Freddie 17 times!


• Chris Dodd and Barack Obama are #1 and #2 respectively when it comes to money received from Fannie and Freddie


• In 2005 the Senate Banking Committee passed a bill to seriously crack down on Fannie and Freddie and force them to eliminate risky assets. That bill never became law as every single Democrat on the committee voted it down.

Here are a few recent articles on the subject. Now, before I start getting hate mails, if you have articles that can articulate it was the Republicans that caused this financial crisis, or articles that successfully defend the accussations made in these articles, let me know and I'll gladly post them. The problem is that I haven't found any up to this point:

• How the Democrats Created the Financial Crisis
• 'Crony' Capitalism is the Root Cause of Fannie and Freddie Troubles
• New Agency Proposed to Oversee Fannie Mae and Freddie Mac (from 2003)