Frank and Dodd in my opinion are guilty as charged, but definitely not alone a very bipartisan effort as far as that goes. I could get real detailed for you but suffice it to say there are a lot of Congressional leaders that should go to jail over all of this. As far as trying to pin it on one legislative body or Political Party would mean that facts are annoying little pieces of evidence. Here’s a quick one for you: President Hosts Conference on Minority Homeownership “I set an ambitious goal. It’s one that I believe we can achieve. It’s a clear goal, that by the end of this decade we’ll increase the number of minority homeowners by at least 5.5 million families. (Applause.) source: http://www.whitehouse.gov/news/releases/2002/10/20021015-7.html Myself I am a Realtor and have 151 sides in the last 6 years and not 1, I repeat not 1 of my clients as lost their home. So do not pass judgment on wholes but determine who the problem lies with and bring charges against those that are truly guilty for the deregulation on the banking industry that even allowed a stated income, stated job, and no income verification loan. Lobbyist and Banks. Oh and by the way one of the biggest Lobbyist behind the deregulation and one of the biggest proponents is Phil Graham for one John “I’m a deregulator by nature” McCain

I most definitely do not agree with the $700 billion bailout of the financial industry, and many others– Republicans and Democrats alike–do not support it.

My federal tax dollars would not now be redistributed to financial institutions if corrupt Congressmen like Chris Dodd and Barney Frank had done their jobs and provided proper oversight of Fannie Mae and Freddie Mac. Despite numerous warnings, these two men and many other Congressional Democrats continued to praise the job Fannie/Freddie were doing and continued to protect the corrupt executives who were lining their own pockets at the expense of taxpayers, mortgage lenders, and private citizens.

My tax dollars would not now be redistributed if Congress had not encouraged and incentivized lenders into giving home loans to people who could not afford them, all under the guise of “expanding the American Dream.”

My tax dollars would not now be redistributed if Real Estate Agents, knowing full well that their clients could not afford the homes/loans they were buying, hadn’t closed their eyes, made those sales anyway and pocketed the commissions.

Also real quickly I might add that the top 1% have more accumulated wealth currently and the other 90% of our population. Looks like the distribution is working just great for them.