” Bush pressed for tighter GSE regulation throughout.”
No, he didn’t.
” One frank and Dodd controlled the question in 2007 all restraint was gone”
By 2007, 95% of the sub-prime damage had been done, and banks/ mortgage companies were already dropping like flies.
This is absurd and yet a normative response on so many parts of the internet.
“No he didn’t”
Really?
Bush did not call for regulation of Fannie Mae.
He called Congress to increase regulation 17 times!
Why not just admit to reality?
Especially when it supports an intuitive position you ought to have against Democrats?!
The democrats took overwhelming control of congress on January 2007. Dodd and Obama were some of the largest recipients of campaign contributions from Fannie Mae and Freddie Mac.
You and so many others would rather lazily assert that Republicans and Democrats are all the same and the events of 2008 have no partisan theme to them.
Consequent to this delusion, we must now believe that the Fairy Tale party of Golden Conservative unicorns will mystically right the country from its present demise.
There’s no empirical backing for this new vision but the situation is bad enough that any assertion should suffice—right!?
Actually, no.