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September 24, 2008

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You've summed it up quite succinctly, especially with the "dead white girl" distracter. I've been dumbfounded that this is being carried by major network news, at least during the a.m. breakfast shows.

What is absolutely ludicrous, is that people are all looking at Wall Street and saying "they are the Villains". President Clinton, President Bush, and ALL of our elected officials, proposed and passed bills that gave new and wider lending ability to Fannie Mae and Freddie Mac. We have clips of first the house,then Clinton, then Barney Frank and Dodd, and we have it all on C-span. People beating their chests telling the downtrodden that "we have spoken for you" and arranged cheap financing of everything from cars to rims and homes. Our elected officials told the Financial institutions to stop discriminating against the poor and minorities. So the lenders lent money, Fannie and Freddie bought these loans, repackaged them with some good loans and resold them. Our House, our Senate and our Presidents (TWO not ONE) were all taking credit a few years ago. It was well intentioned but it was the "great failed experiment". It was Democrats, it was Republicans. But to watch Washington all point everywhere but themselves is laughable. So lets all fry Wall Street and look to the idiots that started it all to fix it? At this point, it needs fixing, its no longer liberal or conservative, rather "we hit an iceberg and are sinking". Did anyone on the Titanic ask what party the Captain was registered in? This can be fixed, it's just a shame the culprits are getting the ball again.

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