The Obamesssiah

Four years ago several of our leaders spoke out on Fannie Mae and Freddie Mac. We had comments from both sides giving direct support for the programs and others indicating that without the proper oversight regulations that we would be facing 'the modern Depression era with much more responsibility to burden the taxpayers'. At the end of the the day we had several prominent democrat leaders stating the leadership of Franklin Raines was strong and the 2004 Office of Federal Housing Enterprise Oversight investigation on the accounting practices was just another political witch hunt. So almost 4 years to the day both Fannie Mae and Freddie Mac went into conservatorship under the FHFA. Interestingly enough we now have the Speaker Pelosi rushing to save the ill fated business venture. The investigation had already shown the numerous accounting flaws and subsequent actions that the government needed to respond to as to avoid the current financial crisis. Here's the really good part, guess whose leadership was responsible for implementing the controls? You guessed it, the liberal controlled House and Senate. Although both major parties have some level of responsibility, the democrats seemed to make light of an official investigation that, if followed the recommendations, could have prevented this devastating financial position now facing the American people. Wait a minute, maybe that is why the Obamessiah is going to save us from certain peril.