And to talk about the Unregulated Banking system being Bush's fault is a f-ng JOKE! He tried and while he had a majority in the house, he did not have a majority that did not need the dems. It is not in print of him asking for regulation nor is it in print for Frank to say it was silly for the Rep's to ask for it. It is in video. The Dems were getting rich off Fannie and Freddie. That includes that crooked Muslim in the White House now.
All you have to do is WATCH THIS!!!
http://www.youtube.com/watch?v=_MGT_cSi7Rs
If you want to live in the dark then ignore it. It is video RIGHT FROM THE DEMS MOUTHS!
http://www.usatoday.com/money/compan...lobbying_N.htm
"It is exactly the kind of event we warned about and tried to prevent over the years," White House press secretary Dana Perino said. "Remember that we have highlighted the systemic risk posed by Fannie Mae and Freddie Mac because of the very large role they play in housing markets and because of their business practices."
She said the White House has asked Congress "for years" to establish a strong independent regulator to oversee the institutions.
In 2003, for instance, President Bush asked Congress for stronger government oversight, in the form of a regulator with the ability to control the companies' activities and oversee their accounting practices. The administration also has wanted the companies' massive mortgage portfolios reduced."