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Politics : The Obama - Clinton Disaster

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To: Wayners who wrote (8422)3/5/2009 5:22:56 PM
From: pompsander  Read Replies (2) of 103300
 
This is what I don't get:

"In 2003 Bush tried frantically to reign in Fannie and Freddie so that this crisis wouldn't happen. Bush tried to stop this, but the democrats in Congress said no. "

The Republicans had solid majorities in the House and a two seat majority in the Senate. Who cared if the democrats said "no" if the system was flawed? Why did Bush back down?
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