Regarding Fannie Mae and Freddie Mac Regulation The Republicans Were in Favor, the Democrats Not
The thing the Bush Administration and the Republicans didn’t do was take this to the American people. I think that was a wise move. I think if Bush had used the power of the bully pulpit to get some public attention on this he would have set off a crisis of no confidence in these institutions.
Ultimately that’s what happened and we can blame the Democrats for obstructing needed reforms.
It just drives me nuts that crooks like Schumer and Barney Frank aren’t being blamed for their culpability in this matter.
