… that the people that are put in charge of negotiating this new $700 billion Wall Street bailout, are exactly the people that goofed this up in the first place? Try to blame it on the republicans all you want, but John McCain and numerous others have been warning about the breakdown of Fannie Mae and Freddie Mac and its devastating effects on the economy for years now.

Many Democrats poo poo’ed all those warnings because poor people were now able to buy houses… Now guess what? We’re in a crisis that could lead to a major financial disaster.

But who do you think is in charge of “fixing” this problem in Congress… yep, the same people that turned a blind eye to begin with… Somehow Barney Frank and Charles Shumer. Who both ridiculed those warnings when they were before their committees.

Somehow that doesn’t really inspire me with confidence.

UPDATE: I found this video that illustrates what I’m talking about…

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