Quote:

---

The plain and simple FACT is that private lenders led the charge into the subprime market, and Fannie and Freddie followed suit later to restore their eroding share of the mortgage market. Democratic involvement that you have documented in your post is true as far as it goes, but frankly all of that was tangential and minor. The true and proximate cause of the mess we are in today are the ill-conceived and ill-executed strategies in Iraq and Afghanistan, and Senator Gramm's legislation as passed by a Republican Congress and lax Federal oversight of the subprime markets by the Executive branch of the U.S. government under a Republican President. No matter how much you bob and weave and trot out various red herrings and try to use smokescreens to divert folks from reality, the fact of the matter is that the fingerprints of this disaster are upon a Republican former President and various former Republican-controlled Congresses.

---