Originally Posted by rbohm

president bush said something needed to be done about freddie and fannie in 2003, yet the democrats, lead by barney frank and chris dodd said there was nothing wrong with the companies. in 2006 mccain co sponsored legislation that would have fixed the problem before it became an issue, and again the democrats said there was nothing wrong, with frank and dodd again leading the charge. obama sat on the sidelines and said nothing, but he supported the democrat position. and now obama is rewritting history by saying that he supported legislation and that mccain was the deregulator. the reality is that while republicans have mud on their hands as well, it is the democrats that screwed things up by forcing the changes to allow the subprime market to exist in the first place, and then preventing the needed regulation to fix the problem. sorry but you lose on this one.