...from Monday. The editors are very upset that the New Messiah is appointing some of the very same people who oversaw the deregulation liberals like to blame for the current economic crisis, to key positions in his cabinet and staff. Blaming the current economic situation on one political party is a waste of time and bespeaks an embarrassing ignorance of both Economics and history. It's not that I can't stand you blaming Republicans, it's that I won't let you exonerate the equally guilty. Let me give you a few examples.... I rarely listen to Hannity (his voice makes my skin crawl), but yesterday he played a series of audio clips concerning this very subject. You could hear Barney Frank, Maxine Waters, and several other key Democrats talking about "absolutely no problems or danger" at Freddie Mac or Fannie Mae. You could also hear some key Republicans warning of the eventual meltdown. You have to also remember that both current forms of the institutions, flawed and doomed for the past forty years because of their basic concept of reward with no risk (for the shareholders), risk with no reward (for the taxpayers) were brought into being under Democratic Congresses. Of course, maybe they would have held on a bit longer had they not come under pressure to lend money to less than credit-worthy buyers in depressed areas back in 1999. The source of that pressure was the Clinton White House. See what I mean? It's incorrect to blame only Republicans for the current mess. Both parties share equal blame for the current crisis, but the largest helping of the blame should fall outside Washington. Blame idiot bank executives that lost site of fundamental banking principals, overly creative junior executives (the Mark Fastow syndrome), dishonest mortgage pimps, and an American public who truly believed that double-digit increases in housing value was legitimate and infinitely sustainable. As Alan Greenspan explained it, no one believed that banks would intentionally commit suicide. BTW, while I feel the blame is unfounded, most critics cite the Gramm Leach Bliley Act as the single biggest piece of deregulation that caused the current economic mess. It repealed Glass Steagall....and was signed into law by William Jefferson Clinton.