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This from Barney Frank: I do think I do not want the same kind of focus on safety and soundness that we have in OCC [Office of the Comptroller of the Currency] and OTS [Office of Thrift Supervision]. I want to roll the dice a little bit more in this situation towards subsidized housing."
And this, from the priceless Maxine Waters: Mr. Chairman, we do not have a crisis at Freddie Mac, and in particular at Fannie Mae, under the outstanding leadership of Mr. Frank Raines. Everything in the 1992 act has worked just fine.
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John McCain is acting responsibly as a potential future president by refusing to engage in an orgy of blaming. That being said, if the American people aren't informed about who got us into this mess, and why -- well, they're likely to vote into office a candidate who shares the views of those that helped create the crisis. Heck, for all we know, his views may be even more extreme than theirs.
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