If I had a dime for every time I’ve heard someone say, “There’s enough blame to go around” or “We don’t need to play the blame game,” I could bail out Fannie Mae and Freddie Mac myself. Unsupported fingerpointing never helps, but analyzing the policies and actions that led to the Fannie/Freddie collapse is an absolute requirement if we hope to prevent another collapse in the future. That means politicians who supported those bad policies and blocked action that would have corrected the problem will have to face the music — and we’d better make that happen sooner rather than later.
The National Republican Senatorial Committee has an ad out explaining what happened, who kept blowing sunshine up our collective skirt, and who tried to stop the trainwreck from happening:
I’d say that’s an effective ad, especially since it uses the actual clips of leading Democrats to demonstrate their attempts to keep Fannie/Freddie’s market distortions operational. Too bad it runs over 2 minutes; I would like to see this get played on television stations nationwide in the last two weeks of the election.