Artur Davis to “Hannity & Colmes”:
“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. By the way, I wish my Republican colleagues would admit that they missed the early warning signs, that Wall Street deregulation was overheating the securities market and promoting dangerously lax lending practices. When it comes to the debacle in our capital markets, there is much blame to go around for both sides.”
Congressman Davis may not know politically what is best for our country (he’s a democrat), but he undoubtedly displays the character necessary to serve in the congress. What this man did is exactly what Americans want from every elected official… accountability. Davis’ behavior in this situation is model. Could you imagine the trust Americans would have for our government if more elected officials displayed this one quality alone.