Regarding the Mortgage Meltdown

Seems to me that this administration watched leisurely as the barn door came open and the horses began to stampede out. Some in the administration even encouraged the horses to escape.

Now that all the horses have left the barn the administration is simply looking at the barn door and pretending they don’t know how it came open in the first place.

Most Americans could see what would happen with all those magical mortgage offers we saw advertised on our TV, in our mail and on our voice mail. You could see it coming a mile away, yet the government just sat back and watched as crimes were committed. Yes, I think some of those magical mortgage promises were lies and crimes. Sure, there were the speculators and there were even some ignorant people who were preyed upon, but a lot of the families facing foreclosure today were just plain duped.

However the mess became as large as it is today, the horses are out of the barn and until the government tries to find them and corral them, I believe fixing the barn door can wait.