@cicerone imposter,
I am not pardoning the Republicans in this, in fact I disagree with what I think Bush's plan was, but I think you stick your head in the sand if you believe the Dems are not in deep dodo on this one. Things have causes, and this is caused by liberal policies, whether it was all liberals or whether it was Republicans practicing liberalism, it was plainly liberalism.
I don't know if this has been posted or not, but this video plainly shows Fannie and Freddie was deeply involved into "family politics" with the Congressional Black Caucus for one. Clearly, that was not the function of Fannie and Freddie, but Democrats apparently thought so. Fannie and Freddie should have been doing loans based on merit, not on some "political family." This is outrageous. Heads should roll.
All of this brings up a question, why does the Congressional Black Caucus even exist? It is a racist organization. Can you imagine a Congressional White Caucus? People should run their congressional office as an individual and as a member of a political party, and not as such ridiculous organizations, that are hindering - not helping racial harmony.
http://gatewaypundit.blogspot.com/2008/09/busted-ceo-of-fannie-mae-in-2005.html