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Friday, September 19, 2008

Bush Admin to the rescueeeee!

Of course, you'll hear nothing about the hard work the President is doing with his team to work things out in Wall Street. Just morons from Politico questioning his commitment to the great ol' USA. While Harry Reid and co. were getting ready to leave all matters to Paulson and Bernanke because nobody knows what to do about the crisis in Wall Street, President GWB's administration was assembling a plan to calm the financial crisis. And if it works, and things go fantastically well, they'll leave GWB's name out of it out of spite and hate! Sooo unfair. Well if GWB won't defend himself, then- uh, I will!

Anyway, here's an old article from the NYT about President Bush recommending "the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago."

"Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing.

"These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis," said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. "The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."

No folks, he wasn't sleepin'. And both McCain and Hussein got beat by the Pres. =p