Who's responsible for the Freddie/Fannie mess?

Chris Dodd and Bawny Fag. Both should have jumped out a window to their deaths like honorable politicians did decades ago.

Ever hear of 60 votes? That could be why this never got passed.

It's bad enough that some who post here are so wrong, but it's even worse when they're rude toward others who are right. It DOES NOT take a 60% vote in committee to get a bill to the floor. It takes a majority vote. The 60% rule is the requirement to prevent a minority filibuster. So, before you flame someone about their knowledge of civics, make sure you know what you're talking about. On this issue, both sides wanted GSE reform, but differed on what that reform meant. Politics got in the way.

The entire rotten structure of Wall Street is to blame. Heck, they're all in bed with each other financially, and this has been coming on since the 1980s. If you want to read all the gory details, here's the best article I've seen: Google:

portfolio. com "the end of wall street's boom"

google 1.4 quadrillion in derivatives. this is why we are in crisis not freddy and fanny. it is all wall street greed 14 thousand trillions in derivatives by wall street. fox is full of crap

Where is the obvious question...how did the Democrats block this in committee if Republicans held the majority in the Senate? (The stuff about a 60% majority requirement is bunk. If it were true, why not say so?) Why didn't he report that the Dems supported stronger regulation, but supported a different version of a bill that would have accomplished the same thing (and some would say, tougher oversight)? Because it's Fox and the truth isn't the goal; the goal is to make the Dems look bad.

It takes a 60% yes vote to leave the committee and go to the floor for a vote. All Republicans voted yes but the Democrats killed the bill by voting no.

Free markets did not fail, government intervention did. The regulatory effect of taxes is overlooked. One mans incentive is another mans loophole et vise versa. Moreover, profligate credit, deficits, Keynesian monetary expansion and the 1992 Community Redevelopment Act mandating loans to borrowers of dubious financial merit were all actions of government not of capitalism. Markets are punishing exactly the kind of behavior one expects them to punish -- yes Mr. Friedman, you did warn us.

You are delusional! The REPUBLICANS had an 11-9 majority on the committee!

@dougandsuzy:

You are a moron. you need 60% to take a bill from committee to the house floor. I told yo uto learn a bit of civics before you post again you idiot.