Friday, September 26, 2008

'Nuff Said. Don't Put the Foxes in Charge of the Chicken Coop

Here's the lead of a New York Times story on Sept. 11, 2003: 'The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.'

'These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,' said Rep. Barney Frank, then ranking Democrat on the Financial Services Committee. 'The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.'

Now we see this perv specimen of Elmer Fudd telling Lou Dobbs to stop interrupting him when Dobbs politely pointed out some Dem responsibility for the Meltdown of Fannie Mae and Freddie Mac.

Dobbs and Frank should be frog-marched off to prison in shackles---or at least censured like Dodd's father was when peculation and criminal malfeasance were actually accountable offenses in the Senate.

No comments :