We have to remember that it was CONGRESS that created the mortgage mess by requiring mortgage lenders to fund people with bad credit so they could buy homes.
That’s what created the sub-prime mortgage market and that’s why we have a problem today. This is just more of the Law of Unintended Consequences coming home to roost, but too many Americans see it as a Bush problem, ora Republican problem.
I think it is an Alan Greenspan problem because he should have gotten in the president’s ear and told him everyday what a bad idea this was.
Now it’s our and our children’s and grandchildren’s problem!!
This November, when all those Senators and Congresscritters up for re-election tell you to vote for them because they will go to Washington to solve America’s problems, remember that, if they are incumbents, they CREATED the problems they say they are going to solve. Don’t become the embodiment of insanity. Don’t keep sending the same people back to Washington and expect a different result!!
The irony is that Americans of all stripes are poised to reward at least one of them with The White House.
Add to that the fact that the books were cooked
http://www.washingtonpost.com/wp-dyn/articles/A32845-2005Apr6.html
and don’t forget Andrew Cuomo