Question : Does this prove Democrats are responsible for the lending mess?

New York times article from 2003, discussing President Bush’s proposal for more oversight in Freddie Mac and Fanny Mae:
(make sure you read the second page of the article)

http://query.nytimes.com/gst/fullpage.html?res=9E06E3D6123BF932A2575AC0A9659C8B63&scp=2&sq=freddie+mac&st=nyt

“Among the groups denouncing the proposal today were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing.”
These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ”The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”

Representative Melvin L. Watt, Democrat of North Carolina, agreed.

”I don’t see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing,” Mr. Watt said.

new home builders in north carolina

Best answer:

Answer by bob z
Let’s all stop the partisan bickering for a few days and come together in defense of our country. Capitalism is dying. We can lay blame after we fix the problem. Congress was majority republican at the time of this article, and is majority democrat now, neither helped so far in our current situation. Let’s come together and defend america first and our candidate after!