[quote=equalizer]Why didnt President Bush and the Repubs in 2000-2006 do anything about Fannie Freddie? What, they were blackmailed by dems? Dems had no power, they still dont. Real Answer: Those slime lobbyists paid off 368 out of 435 House and most Senators, and Greenspan gave them all cover. [/quote]
“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.”
“Bush tried to act. Who stopped him? Congress, especially Democrats with their deep financial and patronage ties to the two government-sponsored enterprises, Fannie and Freddie.”
Our system is not a parliamentary system where the majority rules. It takes more then the majority to get things done. Rules procedures. Witness even now, as the Dems are the majority now but can’t get anything done with the Republicans.
The real blame lies at the feet of the selfish greedy baby boomers who were born with a sense of entitlement who have no intentions of sacrificing anything for the generations to come.
