pansyed

Bush's Peculiar Wall Street Speech

The comments above forget the balance/counterbalance of the elected system. What were the house and senate finance committees doing all this time? As far as I can see it they almost acknowledged the problems but did nothing until there was a failure. Fannie and Freddie got attention by default. The current crisis was sitting out in the open for quite some time. Any half intelligent person could see the problem coming but it got shelved until it has become near out of hand. Question for those with political statement s is why is your man not also culpable.

Its easy to blame Bush but I think Franks and Waxman are both do nothings until it hits the fan. Then they, along with many others, go into political gear. Its time the country evolved by working on long term policy for economic, energy and other issues to dovetail into good public policy. To of ten there is an emergency of the day or week etc