Posted by
PDX Dave on Monday, March 15, 2010 8:31:49 PM
Democrats have been maintaining with a straight face that Republican deregulation of banks lead to the current financial disaster, while history shows that in fact Republicans called for tighter regulation and were opposed by Barney Frank and his goons at ACORN.
In blackmailing banks to give out loans to people who could not pay them back, Democrats displayed an astounding lack of concern for the security of our economy.
Now, Democrat Chris Dodd is footing a bill that will prevent the problem form happening again. Oddly enough, the net effect of the fix is to force banks to limit who they give loans to. Odd, considering they loudly and angrily deny that was the problem to begin with. Odd considering Barney Frank and many liberals insist the way to "fix" the problem is to give out even MORE bad loans.
If you doctor insists you don't have an infection, and then prescribes an antibiotic.....