The country is buzzing with news of a potential $700 billion bailout of our financial services sector by the taxpayer. I've received hundreds of calls this week from constituents who share my skepticism about this potential bailout. Most of them have asked how we got into this problem in the first place, and they deserve an answer.
Fox News has does a nice job tracing the steps of this crisis. You'll notice that many of the Congressional leaders responsible back then are now the ones trying to steer us out of this mess. Scary, huh?