Speaker Pelosi had a pithy answer when asked if Democrats have any responsibility for the current financial mess. “No,” was her simple reply. She also blamed the current financial mess on President Bush’s “mismanagement” of the economy. She must have missed John Gibson yesterday on FOX News.
Fannie and Freddie have been creations of the congressional Democrats and the Clinton White House, designed to make mortgages available to more people and, as it turns out, some people who couldn’t afford them.
Fannie and Freddie have also been places for big Washington Democrats to go to work in the semi-private sector and pocket millions.
Yet Democrats claim no responsibility for the current financial mess. Zero, zip, nada. Is this leadership or is this subterfuge?