It's even better -- The Dems in congress were warned about Freddie mac and fannie mae by both John McCain and GW Bush, and at least 5 years ago, but Barney frank and friends ignored the issue.
Now we have Barney Frank not taking credit for his failure to oversee the two Federal mortgage buyers, and the democrat program called the Community Development Act pushed by Carter and Clinton that forces banks to make stupid loans, or be accused of racism.
But here we have Obama who as a community agitator being a legal representative of a group in Chicago who was forcing these loans in neighborhoods based on race, but not based on ability to repay, and most recently, Chris Dodd who is also chairman of the Senate Banking Committee -- he gets the job, then leaves, moves his family and starts running for President.
Is it any wonder that Democrats have bankrupted not only the economy, but the fabric of our social society with all their social experiments, promotion of gay marriage, promoting class warfare, promoting multi-culturalism, promoting anti-business sentiment, hate for America, etc. etc.
Democrats have helped drag this country directly toward socialism, and unfortunately, if Obama gets elected, we are one, or maybe several steps closer to another France, or other socialist country, perhaps even Cuba. I think Michael Moore will be happy if the uSA starts looking like Cuba.
Oh, they didn't have much looting in Cuba after the hurricaines. Any idea why not? Because Cuba looked the same BEFORE the hurricaine, and nobody has anything worth stealing anyway.
Read Jonah Goldberg's book "Liberal Fascism"