Who Really Caused The Subprime Meltdown

Sen. Obama and Rep. Pelosi have done a good job of hanging the credit crisis around the necks of Republicans.  John McCain has repeatedly pointed out that he sponsored legislation two years ago to reign in the irresponsible lending.  However, the issue goes much deeper than that.  The Democrats have been fighting regulation of the mortgages for years.  Listen to the following and hear Democratic reps. berating regulators who were warning of the pending crisis.  Even Pres. Clinton admits that his own party was blocking attempts to reign in Fannie Mae and Freddie Mac.

http://www.youtube.com/watch?v=_MGT_cSi7Rs&feature=related


Won't it be ironic if John McCain loses because of the very issue he and other Republicans were warning about years ago.  Any guess why the media does not run any of this video?

 

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