Note to GOP: Please, Please Prepare the Ads!
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.
Ads including this information should be ready to go the morning after the House vote.
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.