Before you lay this at the doorstep of deregulation or the Republicans watch part two of Fox New Special Report by Bret Baier (Part One is under Featured video). Congress (Barney Frank) was warned … Barney not only ignored but made matters worse by encouraging more lending. Republicans proposed legislation but didn’t either have the votes or the … umm … fortitude to get it through.
As Pat Buchanan said earlier today … this is the Federal Government riding to the rescue to save us from a catastrophe they created. (video processing … it will be ready shortly)
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