I won’t argue about McCain’s issues, but why no comments about how the Clinton administration helped our wonderful crisis by pressuring fanny mae to lend more money? This problem isn’t just the fault of over-the-hill-out-of-touch republicans!!
Although I have an aversion to answering comments from writers who check their personhood at the blog door, I felt compelled, to wit:
Clinton was a virtual Republican. Besides, the first expansion of Fannie Mae — into the second mortgage market — took place under Reagan. Fannie and Freddie entered the subprime market in 2002, under a Republican president and a Republican Congress. Not that the Democrats are pristine in any of this; they’re not—especially Clinton. But the fact is that F&F’s subprime adventures were all part of the fanatical Republican fantasy of endless deregulation. You know—the fantasy John McCain used to indulge in before the financial chickens came home to roost.
For what it’s worth….