This is the quality of our Democratic leadership. Video of Barney Frank, in 2005, saying how we need not worry about a housing bubble. (By way of Fox Nation).
As I recall, Republicans called for oversight and control of Freddy and Fannie in 2006; and Democrats, including Barney Frank and Chris Dodd, blocked the attempt.
In that one vote, the Democrats became the proximate cause for the current economic crisis. Because Republicans saw it coming, and Democrats blocked the Republican move to prevent just such a disaster as we have on our hands.
Them’s the facts, son.