It looks like Waxman and the Democrats are trying to downplay their role in the subprime debacle. It is time for all the cards to be placed on the table and let the chips fall where they may. Democrats, Republicans, insiders, outsiders. Whatever!
Whoever is as fault for this should be prosecuted and publically, and pilitcally, humiliated. This is the greatest economic crisis since the Great Depression and our politicians are doing what they do best. Play politics.
“Any hearing on oversight that does not begin with Fannie and Freddie and [former Fannie Mae CEO] Franklin Raines will be a sham,” said Rep. John Mica (R-Fla.). “This is like investigating a train robbery and only talking to the dining car stewards.”
The GOP attack from the dais came as the National Republican Campaign Committee and House Minority Leader John Boehner (R-Ohio) sent nearly simultaneous news releases criticizing Fannie and Freddie.
Boehner’s statement echoed Mica’s, saying, “Chairman Waxman’s refusal to hold hearings to examine their role says a lot about where the Democrats’ priorities lie.”