Earlier today, Bill Clinton in an interview, in stark contrast to Pelosi's shrill denial of any Democratic complicity in the current Financial Crisis, said the following:
BILL CLINTON:...... I think the responsibility the Democrats have may rest more in resisting any efforts by Republicans in the Congress or by me when I was President to put some standards and tighten up a little on Fannie Mae and Freddie Mac.
Well said Bill. The MSM won't say much about this, but there have been numerous attempts to tighten up regulation of Fannie and Freddie for many years. But, along strict party lines, the Democrats have blocked any meaningful reforms of the two GSE's. That can't have anything to do with the fact that Senators Dodd and Obama have been the #1 & #2 recipients of campaign donations from Fannie and Freddie? Nah!
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