There is only one Party that is responsible for the sub-prime loan crisis and this weeks collapse of the Stock Market. It's the Democrats and their politically correct agenda.

This video may explain where and when it all started to go really really bad. Now the American people are having to suffer and try and pick up the pieces of BAD Government policy.

Make sure to pay attention at the 3:00 minute mark when Cuomo says, I'm SURE there will be a higher default rate on those mortgages than the rest of the portfolio..."

He is talking about minorities and low income people. Isn't that racist in today's political environment? What if a Republican had said that!?

John McCain? He warned everyone about it in 2006"

For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac--known as Government-sponsored entities or GSEs--and the sheer magnitude of these companies and the role they play in the housing market. OFHEO's report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO's report solidifies my view that the GSEs need to be reformed without delay.

I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.

I urge my colleagues to support swift action on this GSE reform legislation.

UPDATE via Hotair: Investigate Dodd!