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  • From: bob ford <bobford79 AT yahoo.com>
  • To: homestead AT lists.ibiblio.org
  • Subject: [Homestead] an honest reporter
  • Date: Wed, 22 Oct 2008 16:57:46 -0700 (PDT)

This reporter happens to be a Democrat.

Excerpt:

"Instead, it was Senator Christopher Dodd and Congressman Barney Frank, both
Democrats, who denied that there were any problems, who refused Bush
administration requests to set up a regulatory agency to watch over Fannie
Mae and Freddie Mac, and who were still pushing for these agencies to go even
further in promoting sub-prime mortgage loans almost up to the minute they
failed.

As Thomas Sowell points out in a TownHall.com essay entitled "Do Facts
Matter?" ( http://snipurl.com/457townhall_com] ): "Alan Greenspan warned them
four years ago. So did the Chairman of the Council of Economic Advisers to
the President. So did Bush's Secretary of the Treasury."

These are facts. This financial crisis was completely preventable. The
party that blocked any attempt to prevent it was ... the Democratic Party.
The party that tried to prevent it was ... the Republican Party. "





http://www.ldsmag.com/ideas/081017light.html







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