We supported the rescue/bailout vote. It was a rational thing to do. It was the only thing to do after the stuff hit the fan.
There are so many Dems in this "story of corruption" that it looks like a party convention.
It's easy to talk about greed in Wall Street. Yet, this is a story of the corrupt relationship between legislators and Fannie Mae.
We have already discussed Franklin Raines and Jim Johnson. Let's add Maxine Waters and Barney Franks, two of the most obnoxious members of the House.
Ed Morrissey has a great post about Mr. Franks:
"Now that Fannie Mae is at the epicenter of a financial meltdown that threatens the U.S. economy, some are raising new questions about Frank’s relationship with Herb Moses, who was Fannie’s assistant director for product initiatives.
Moses worked at the government-sponsored enterprise from 1991 to 1998, while Frank was on the House Banking Committee, which had jurisdiction over Fannie…" (Did Frank have a conflict of interest at Fannie Mae?)
Let's get to the bottom of this!
And then let's get the federal government out of the mortgage business.
Home ownership is a wonderful idea. However, this was not about home ownership. This was about buying votes for the Dem party. ("Vote for me and I'll get you a mortgage"!)
The RNC is taking off the gloves and going after the Dems and their corrupt relationship with Fannie Mae.
It's about time!
P.S. Bill O'Reilly took Barney Franks apart a couple of nights ago. I agree with O'Reilly that Republicans share in the blame. However, it is becoming more and more apparent that Fannie Mae was a racket for the benefit of Dems: