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Deregulation Not at the Center of Current Crisis

From the Weekly Standard: Obama, ACORN, and the Current Crisis

As for Frank and Co., watch them deny, deny, deny the crisis in 2004, a year after the Bush administration tried to tighten up Fannie/Freddie oversight, so they could keep the gravy train moving. Republicans are not blameless in this by any means, as they still had a majority when reforms were suggested, but the brazenness with which Democrats are blaming today's crisis on the market they manipulated for their own gain should not be overlooked. Spread this video.