"[T]he mortgage mess is especially infuriating because some of us saw it coming. Two years ago, I joined with 19 of my colleagues demanding that we crack down on mortgage abuse, particularly by Fannie Mae and Freddie Mac. A bill doing exactly that, The Federal Housing Enterprise Regulatory Reform Act, was approved by the Senate Banking Committee. But it was killed on the Senate floor by Democrats who favored pushing out mortgages to people with dubious prospects for paying them back. They claimed we were concocting a problem that didn’t exist. We were not, and that makes the resulting mess all the more disgusting."
--Sen John Cornyn (R-TX)
John McCain should be ramming this down Barry's throat. Why isn't he? Why is he allowing his poll numbers to go down over this, when it's crystal clear the Democrats caused this problem?
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