Democratic fingerprints are all over this mess. It goes all the way back to the Clinton administration and its allegations over discriminatory lending practices. The Dems coerced these institutions into making these bad deals under the guise of helping poor folks get homes.
Don't forget the disgraceful Barney Frank, who repeatedly denied that Freddie and Fannie were in trouble. Only President Bush had the guts to stand up to this mess, but he was shouted down by the Dems in Congress.
Stop this blaming it all on Wall Street nonsense, Johnny Mac. You should know by now that it's not going to garner you any support in the dinosaur media. More importantly, it's not accurate. It's Democratic greed that is at the center of this mess. Republicans, if they are smart, have an easy home run on this issue just as they do with energy. Let's hit it out of the park.