Where is the Rage???

In both the presidential and vice-presidential debates a majority of the blame for the current financial meltdown has been placed on greed from Wall Street.  A closer look at the history of the situation seems to prove otherwise.

The government needs to take full responsibility for this collapse of the financial markets because they are at fault.  By the government I mean specific Congressional Members who ignored the warnings and made reassuring statements that Fannie Mae and Freddie Mac were sound institutions.

Whether Republican or Democrat these men and women should resign.  If not, the people of their states should not re-elect them.  I do not know how Chris Dodd, Barney Frank, Chuck Schumer and others can show their faces in the midst of this crisis.  For lack of a better words they need to be cursed out.  They put those responsible for the fall of companies like Enron through Congressional hearings.  They too should be subject to the same grilling and then fired.

Neither presidential candidate is addressing this and because of that I find it very difficult to respect them and believe that they will bring the "change" they claim to represent.  If they do not do it now in the campaign I do not believe they will do it during their term in office.  I am disappointed, especially in John McCain and Sarah Palin.  They seem to speak the loudest about reform and being "mavericks" yet they have said nothing.  They seem ignorant when they speak of Wall Street greed when we know this is not the whole story.  Barak Obama received $126,000 in campaign contributions from Fannie Mae and Freddie Mac (McCain received $21,000) so there seems to be conflict of interest.  I wouldn't expect to hear any criticism from his lips.  But wouldn't it be refreshing if we did?  One of his advisors is Franklin Raines, former CEO of Fannie Mae who stepped down because of an accounting irregularities.  Awesome.

Fear is driving the markets right now.  I fear our politicians do not know what they are doing.

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