No one is forcing you to beat a dead horse; and if that's a problem for you, I suggest you take the matter up with the individual who raised this issue, which wasn't me.Frank wasn't chairman in 2003. And when he became chairman in 2007, he passed oversight of the GSE's in the House. And if there wasn't a problem, then why was Bush warning Congress that oversight was needed? And what oversight did the Republican-led Congress pass in response to Bush's warnings?
Yawn. Are you going to beat this dead horse yet again?
The Dems controlled Congress from 2007 on. They did nothing to prevent the melt down, denying it was happening. Since then they have enshrined all the problems into law, like too big to fail. Democrats are in favor of government bail outs of corporations and special breaks to shield them from their own bad decisions.
Obama's economic policies have produced the worst recovery ever. This is undoubted. Democrats must never be allowed to have power again. WE can keep them in minority status forever just to make it easier on newsmen looking for sound bites and late night comedy stars needing material.
Now that I've addressed your whining, I will address your lies. It is a lie to claim that Democrats did nothing. In 2007, Frank got a bill passed in the House as did Pelosi. It's also completely moronic to blame Democrats, who passed oversight, while ignoring the failure of Republicans to pass any oversight over the previous 4 years, when it was needed most. But moronic nonsense is all you're armed with, so I expect nothing else from you.
I'm sorry,remind me how the Democrats averted the melt down. Yeah, they didnt. And their policies have only made it worse.
Worst economic performance coming out of a recession ever. It's a fail, s0n.