Pat at Stubborn Facts says no bailout should happen unless there is accountability for the people who caused this crisis:
I want some accountability for the politicians who got us into this mess. I want accountability for Chris Dodd and all the other Friends of Angelo. I want accountability for all the politicians who fought Richard Baker tooth and nail while he steadfastly pursued (and ultimately exposed) the fundamental corruptions of Franklin Raines, Jim Johnson, and Fannie Mae and Freddie Mac. I want accountability for the Republican leadership who neither supported Rep. Baker nor gave him the power needed to accomplish further reforms.
If this is really that big a crisis, if the political decisions made and not made over the past 15 years have gotten us to this point, I want resignations. I want loss of committee positions. I want both parties to clean house and put honest folks in charge. Yes, there’s honest folks in Congress… the problem is that the fat cats and sleazeballs get the leadership positions. Pelosi wants this bill passed so bad? Tell Harry Reid to remove Dodd from the banking committee. Bush wants this bill that badly? Tell the GOP in Congress to put people like Mike Pence in charge of committees. I’m not supporting a bail-out until I see some evidence that Congress has looked in the mirror and accepted its role in causing the problems.
Pat has more here.
He’s got a point. Politicians and their appointees are forced to resign all the time for things a hell of a lot less significant than a crisis requiring a $700 billion bailout. Where’s the accountability here?
But is Pat right about who should bear the blame? Don’t take my word for it. Believe your own ears and eyes.
Via Ed Morrissey at Hot Air comes this amazing eight-minute video contrasting the attitude of Republicans and Democrats on Fannie and Freddie. You can’t make this stuff up. Here they are in their own words:
Heads should roll.
UPDATE: Pat received a detailed comment from Richard Baker on one of his posts. You can read it here. Pat tells me that he verified the comment was from Baker.
Hey, Richard Baker! If you should happen to read this, I’d love to talk to you. patterico AT gmail DOT com.