In 2003, the Bush administration tried to regulate Fannie and Freddie, but was rebuked by Democratic Sens. Christopher Dodd of CT and Charles Schumer of NY - and - Democratic Rep. Barney Frank of MA.
1) The Republicans didn't need a single Democratic vote to get stricter regulations for Fannie and Freddie. You certainly can't blame the minority party for failing to enact a law that the majority allegedly favored.
2) This economic crisis is FAR MORE complicated than increased mortgage failure rates at Fannie and Freddie. Some of it is caused by our overall debt to finance a war in Iraq and other issues and secondary markets that are completely unregulated (which fault can be laid DIRECTLY at the foot of the Republicans). And Bankruptcy reform is part to blame (which Democrats do share the blame for, I'll give you that).
Blaming this enormous economic clusterf**k on Fannie and Freddie and just the Democrats is simply stupid and naive.
"Patriotism is supporting your country all the time and your government when it deserves it"
