Web Letters: John McCain: Crisis Enabler

In 2006 the Republicans, including John McCain, submitted a bill to Congress to look into the lending practices of our financial institutions. At that time McCain warned that the situation was very serious and a crisis was looming if the Senate did not act. It was killed by the Democrats. Do not blame McCain. The Democrats were in charge the last two years when things really began to go out of control and they did nothing. The house of cards started with Fannie Mae and Freddie Mac started during Clinton's administration and run by his crooked cronies, who were completely irresponsible and ran them into the ground trying to please the Democrats' agenda to give everyone a home whether they could pay for it or not.

Kay Walsh

Bend, OR

Fantastic article! Kudos for picking it up and spreading the visibility, Nation!

It is time for a Social Revolution!

Come on, Americans--pull your head out of the sand and demand that the politicos take responsibility for their actions as well as the CEOs they puppeteered into commission!

We're in the final stages of developing a Social Revolution Social Network- to allow people to voice their outrage that this situation was not only allowed but was intentionally created.

We launch on 10/15. Tea, anyone?

Terry Brown
BostonTeaParty.com

Austin, TX

Great article. I've read in An Enormous Crime by ex-Congressman Bill Hendon many of these same points, and then some. Hendon is not highly regarded by some, myself included, but the facts are facts. Will this just fade away or will it be put into the light?

Patrick Breen

Huntington, NY

Oh, Nation: please, do not fail to be objective here: as one example, what about Penny Pritzker?

Karen Wizevich

Hartford, CT

There are, in fact, very few innocent members of our present crowd in government, and of course they are champions of buyouts by sovereign funds and government funds from the Middle East and China. The innocent crowd like Marcy Kapture and Dennis Kucinch were all labeled kooks by our illustrious media and talking heads. Ross Perot and his sucking sound were totally destroyed by our great media idiots and poor, poor John Edwards was destroyed by a $400 haircut. Remember, his little sexual escapade came later, but just because he had an extramarital affair and a $400 haircut doesn't make him wrong. "Those of you without sin throw the first stone." The stench of corruption on Wall Street and Washington is so powerful that we can smell it all the way to China. Who is going to pay? You and me buddy and our children and their children, but let's have another @#$% war.

JAMES PINETTE

Caribou, ME

Deregulation is not the same as a license to commit murder. Non-regulated Nation writers ought to know this.

If Mark Sumner can know what he knows about the financial crisis, why shouldn't I expect Congressional Dems to have known the same and more?

Please don't tell me that Congressional Dems were victims, even victims of their having been only a minority. If there's a crime taking place around you and you (or people whom you represent and whose places you are taking) are in danger, and you leave--and to hell, temporarily, with the duties of your job...

The truth is that Congressional Dems cared less about a lot of this than Republicans did. Now, why would that have been?

Cameron Jones

Indiana, PA

The three top campaign donation recipients from Fannie Mae were all Democrats. Chairman of the Senate Banking Committee Senator Chris Dodd (D-CT) got $165,000, Senator Barack Obama (D-IL) was given $126,349, and failed presidential candidate Senator John Kerry (D-MA) took $111,000 from the folks at Fannie Mae. Is this information getting out there?

Of course, it is never a Democrat's fault if things fall apart. We are never going to get anything fixed if we don’t stop pointing fingers. Yes, someone was responsible for this financial mess, and it is time the Democrats took the responsibility so that we can examine what really went wrong and fix it.

Robert Exton

San Fransisco , CA