Whose Fault is Fannie and Freddie?

You will often hear progressives whining about the mess Bush left us, and the money he spent and the wars he started.

You never hear that Obama has continued those wars, spent four times the money, or how they indeed were the ones who caused the mess.

For example, the government has a hand in just about 90% of all the mortgages in the country… and we all know how Fannie and Freddie are asking again for more billions to bail them out.

But you might not have known that when asked to regulate or control the bad practices, progressives blocked the efforts, even insinuating that the suggestion was racially biased. Franklin Raines took $90M out of Fannie and Freddie and he’s still walking around scot free.