Just to clear up some sticky points.....

• Yes, John McCain voted in 1994 to remove the regulatory oversite from the investment banking industry. That was before Pres. Clinton signed a law that allowed those investment banks to use our home mortgages as collateral for investment loans, and for those investment firms to buy them up wholesale from mortgage companies.
• In 2004, John McCain is on record as saying that the mortgage industry is out of control, and needs to be audited and re-vamped.
• In 2005, a vote before the finance committee would have returned oversite for the investment banking industry...all dems voted NO, and all Reps voted yes, the dems won, and there was no oversight put in place. At that time, Barney Franks stated "these businesses (Fannie Mae and Freddie Mac) are solid and in no trouble"
• Barny Frank, Chris Dodd, and Barak Obama have received more money from these companies than any other Senators....and they are the ones responsbile for congressional oversight of this industry.

You want to place blame....blame Clinton for allowing our mortages to be used as investment collateral...blame Franks and Dodd for doing nothing to regulate the industry...blame Obama for taking all their money AND for hiring two of the biggest thieves from those business..who now work for HIM!