More Evidence of Political Chicanery at Work among Liberals

Investor's Daily tells us in this article just how ineptly the current administration is dealing with the two main institutional culprits involved in the crash of our financial system in 2008.  This article refers to the knowledgeable Peter Wallison of the AEI who provides here the missing link (at least in my mind) to the disastrous financial meltdown, the cause of our economic distress now and probably for the next decade.  Bottom line of both articles: the disastrous outcome whenever politics and the financial system collude.  In this case Barney Frank and his idiot liberal political allies (Maxine Waters, Chris Dodd, Chuck Schumer, Barack Obama (as Senator), Bill Clinton, Bob Rubin, et al) were able to get control of the major financial GSEs (Fred and Fan) by appointing their political soulmates (Frank Raines, Johnson) to key executive positions where they successfully thwarted attempts by Republicans to regulate and control their activities.  Not only did these worthies block attempts to regulate the GSEs, they cooked the books and lied about the classification of the mortgages they were taking on and thus hid from rating agencies and the public the enormity of the risks they were incurring on behalf of taxpayers.  All in the name of "affordable housing" for the poor.  Social engineering run amok, is what it should be called and all those responsible should be run out of the public square and made to live in one of the communities they wrecked with their liberal ideology.  Disgraceful!