Cause of financial meltdown: The Harry Reid Senate of Obama, Clinton and Dodd

 How in the world did the U.S. financial markets get to this awful point? Bloomberg News Service carries an opinion piece from the Republican perspective. In part it lays blame at the doorstep of Sen. Harry Reid's Senate.

 "Now that the collapse has occurred, the roadblock built by Senate Democrats in 2005 is unforgivable. Many who opposed the bill doubtlessly did so for honorable reasons. Fannie and Freddie provided mounds of materials defending their practices. Perhaps some found their propaganda convincing.

 "But we now know that many of the senators who protected Fannie and Freddie, including Barack Obama, Hillary Clinton and Christopher Dodd, have received mind-boggling levels of financial support from them over the years."

Although partisan, it may shed some light on this mess. Read the whole article here.

(http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSKSoiNbnQY0)