Monday, September 29, 2008

Can Congress Fix A Problem It Caused? Editorials, Political Cartoons, and Polls from Investor's Business Daily -- Can Congress Fix A Problem It Caused?: "Nothing could more painfully demonstrate what is wrong with Congress than the current financial crisis.

Among the congressional 'leaders' invited to the White House to devise a bailout 'solution' are the very people who have for years created the risks that have come home to roost.

Five years ago, Barney Frank vouched for the 'soundness' of Fannie Mae and Freddie Mac and said 'I do not see' any 'possibility of serious financial losses to the Treasury.'

Moreover, he said the federal government has 'probably done too little rather than too much to push them to meet the goals of affordable housing.'"

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