Saturday, October 30, 2010

A reminder of how we got here

While Pres. Obama wants to blame Bush for everything, it was the Democrats who blocked the reforms of the government mortgage enterprises, Fannie Mae and Freddie Mac, that could have prevented the mortgage bubble and therefore prevented this recession, as these video retrospectives clearly show:
and more (hat tip: Roger Kimball):

As the reporter notes at the close of the above video, when it was time to stand up and be counted on mortgage reform, Sen. Obama was silent.

Still more:

Rep. Speier rewrites history
Financial crisis in review
Barney Frank and the collapse of housing prices
How we got in this economic mess
Those who do not learn from history

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