Why is it that those in Congress who helped create this financial crisis are not being asked the tough questions? Instead, we are being subjected to more pontificating by the likes of Barney Frank and Christopher Dodd who, for the last five years, have fought off every attempt to reform Fannie Mae and Freddie Mac and dismissed warnings by Bush administration budget officials that this was a ticking time bomb:
It is an affront to the nation that some of the people who brought on the crisis (and financially and politically benefited from the status quo) were asking the questions at the Banking Committee hearing. They should have been in the witness chair. [Sen.] Dodd said the crisis was “entirely foreseeable and preventable.” Then why didn’t he try to prevent it? He should have been answering questions about the PAC contributions he received from Fannie Mae and Freddie Mac, (according to opensecrets.org, he’s the Senate’s no. 1 recipient of campaign contributions, $133,900, Barack Obama is no. 3, $105,849), his sweetheart Countrywide Financial mortgage rate and whether they influenced his inattentiveness to the growing mortgage crisis. — Cal Thomas
If anyone should be called to account for this, it is people like Frank and Dodd. But, no… the MSM will continue to hold them up as “voices of reason” when they created the problem in the first place. Unbelievable!