[the invisib1e hand]

Who among us has forgotten the sorry spectacle of liberal Democrats including Nancy Pelosi and Harry Reid, our holier-than-thou leaders of the Congressional House of Representatives and Senate respectively, trying to place the blame for the financial mess and collapse of the two very large Government Sponsored Enterprises (GSE) Fannie Mae and Freddie Mac, on the Bush Administration and Republicans in general.

Don't forget Alan Greenspan.

Of course, many active FR posters follow the lead of Pelosi, Reid and Co. like drugged puppies.

[CutePuppy]

Who can forget Alan Greenspan? But all Fed policies (like interest rates) are "a blunt instrument," and even Greenspan has been warning about fiscal and legislative responsibilities and liabilities of GSEs in particular:

Meanwhile, in April, 2005, Federal Reserve Chairman, Alan Greenspan pointed out the dangers to the entire government financial system if the GSE’s were not reined in and sanctioned. But in the Senate, also in April, 2005, Charles Schumer a liberal Democrat senator from New York, testified at the Senate Banking Committee hearing that Fannie Mae and Freddie Mac “did a very, very good job.”