Although much is in the news currently about how Alan Greenspan, the Republicans, George Bush and anyone non-Democrat are to blame for the current financial crisis, it seems that the facts don’t line up.
As it turns out, Barack Hussein Obama is responsible — along with the rest of the Senate Democrats — for at least a large portion of the subprime lending mess. Kevin Hassett of Bloomberg financial has an excellent piecelocated here, which notes that a bill had been introduced by the Senate Banking Committee which would have restricted and controlled the loose and dangerous way in which Freddie Mac and Fannie Mae had been operating.
Guess what the Democrats did? They killed it by voting along party lines in committee.
That’s right. And if you follow the money trail, you’ll find that BHO received $125,000 in contributions from these fine folk. The person to receive the most? Dodd, the CHAIR of the Banking Committee at $165,000.
Follow the money trail folks.