Just a little bit of googling, and you can find How the Democrats Created the Financial Crisis: Kevin Hassett ] and as it notes,
(Kevin Hassett, director of economic-policy studies at the American Enterprise Institute, is a Bloomberg News columnist. He is an adviser to Republican Senator John McCain of Arizona in the 2008 presidential election. The opinions expressed are his own.)so it should make for some fun reading.
When it starts with
The financial crisis of the past year has provided a number of surprising twists and turns, and from Bear Stearns Cos. to American International Group Inc., ambiguity has been a big part of the story.you would sorta expect that there might be some connection between Freddie and Fannie Mae that will explain how it is that Bear Stearns failed....
Why did Bear Stearns fail, and how does that relate to AIG? It all seems so complex.
But really, it isn't. Enough cards on this table have been turned over that the story is now clear.
But the writer does not waste time with that heavy lifting...
What we do find is a reference to a bill that could have done some sort of Regulatory Oversight of Freddie and Fannie, but the evil Liberals hate god and bash america.
So we started with the conclusion in the article's title and arrive at that conclusion, irregardless of the minor details along the way.
What I also found was:
People vehemently say that McCain was a champion of regualtion despite his voting record and point to S. 109, a bill introduced in 2005. The bill was introduced by Charles Hagel on the Senate floor and several months later, after it had gone to the Senate Committee on Banking, Housing and Urban Affairs, McCain announced a in brief speech in the Senate that he was a co-sponsor of the bill.WHAAAT? He typed in that ridiculous Jon Stewart Font...
I found the committee’s rules of procedure for the year 2005 and the Republican chairman alone, without any vote could have launched an investigation into the financial trouble of the day that the bill was supposed to address. There was no investigation.
According to the rules the Democrats were powerless to block anything coming out of the committee to be voted on by the Senate but the was no such vote. All it took for the bill to get out of committee was a majority, which was held by Republicans. Instead the Republicans on the committee amended the bill in a way I have not been able to discover. It was reported to the floor where it was never even voted on.
[ cf McCain Plays Politics: S. 109 is a Red Herring ]
But could it be that when the American Enterprise Institute is TRYING to sell us the Myth of the need for Excessive Brutal Jack Booted God Hating America Destroying Governmental Regulation that they may have modestly over played their hands???
Thus that the pretensions of advocating this HIDDEOUS AND HEINOUS Excessive Brutal Jack Booted God Hating America Destroying Governmental Regulation simply shows that the AEI has always been a communist front organization just waiting for the day when it would be allowed to impose the Komrade Mom, in the Komrade Momovich!!! In the Hopes of destroying our white christian america.
Ok, so it is possible that the AEI may merely be bad farce done poorly by the new generation of Karl Roverian Draft Dodgers who just have not thot through that Attacking The President, in this issue, means that they are stabbing the Troops in the Back....
OH ME!!! OH MY!!! HOW CAN THAT BE!!!!
Why that is clearly more proof that the AEI is a communist front organization that the Red Hordes have been palling around with....
So who knows, maybe along the way the folks who have been preaching Free Market Fundamentalism may need to be investigated by the Department Of Homeland Security, since, well, Paling around with known terrorist organizations bent upon the destruction of our White Christian America is not a gooder thing. Just ask Sarah, When she's ten feet Tall.......
And to think that Abbie Hoffman didn't live long enough to see the Yippies running for the White House, with a Hookah Smoking Character....
When logic and proportionAny question???
Have fallen sloppy dead
And the White Knight is talking backwards
And the Red Queen's "off with her head!"
Remember what the dormouse said;
"FEED YOUR HEAD
[ cf White Rabbit Lyrics ]