"Like a lot of my Democratic colleagues I was too slow to appreciate the recklessness of Fannie and Freddie. I defended their efforts to encourage affordable homeownership when in retrospect I should have heeded the concerns raised by their regulator in 2004. Frankly, I wish my Democratic colleagues would admit when it comes to Fannie and Freddie, we were wrong."
-- Artur Davis, September 2008
American Thinker is the blog, by the way, for all of those people who pay a bit too much attention to the idiot side of the Right and pretend that we're all such dummies. It has a comprehensive timeline and includes lots of details about government action and inaction in creating the mortgage crisis, basically deconstructing the political rhetoric of Obama which claims that the failure is one of free-markets unleashed recklessly by 'the past 8 years' of Republican rule.
Recent Comments