Straw man argument. Dems are trying to act like CEOs caused this crises while exalting Frank and Dodd as the solution.
Yup...Now lets see...CRA demanded of banks to LOWER their lending standards.....The bankers said...are u crazy...We'll never get paid back!....That's why we have STANDARDS!....so the Dems say...Don't worry..U can sell those foolish loans to Fannie and Freddie....That gets u off the hook!....Easy huh!
http://www.pottstownmercury.com/articles/2008/10/09/opinion/20157307.txt
So...now what entity is gonna fail??? Surly not Freddie or Fannie says the Dems
http://www.youtube.com/watch?v=_MGT_cSi7Rs
So here we are...and not ONE republican dare expose the truth....
and while I'm at it.....How come, after cooking the books and getting everyone a BONUS based on those very same cooked books , Franklin Raines is not in jail???