"Meanwhile, economists were screaming from the rooftops that the Democrats were forcing mortgage lenders to issue loans that would fail the moment the housing market slowed and deadbeat borrowers couldn't get out of their loans by selling their houses."

The Clinton administration, hailed with reinforced legislation of the Community Reinvestment Act. Affording the flow of housing to low-income and medium-income borrowers. It has noted extenuating problems.

However, at the end of the Clinton Admin, the Glass-Steagall Act of 1933 was repealed. A concession afforded to bankers with oversight of the incoming administration. As it worked out Bush filled that spot. This allows retail and investment banks to exist under one roof, it allows them to lend to themselves.

Under the Bush rule, the orgy started and the bankers took it to the limit. This process has been more detrimental than the Community Reinvestment Act and is the heart of the problem. Wall St. Bankers where not under a forced legislation as associated with the Community Reinvestment Act . They had a choice, and if they took the root of greed, they need to pay.

I'm not for any bailout handing over a large sum of funds at tax payer expense. For banks that have taken the path of greed, they need to except a form of loan consideration, that will allow them to fix the problem themselves.

For whatever political reason, The Democrats want to force the Bush Paulson deal...unexceptable.

The people, both high income and low income, need to better control their government.

The true heroes of this mess will not be known until the books are written. For now the Republicans are excepting a form of responsibility by holding up the process and not push this 700 billion issue into the tax payer hands....for both high and low income earners.

There will be tremendous political fall out on both sides.

doni