Greenspan Concedes Error on RegulationSource: The New York Times
Many Republican lawmakers on the oversight committee tried to blame the mortgage meltdown on the unchecked growth of Fannie Mae and Freddie Mac, the giant government-sponsored mortgage-finance companies that were placed in a government conservatorship last month.

Many people are still snookered by the right-wing blogosphere's accusation that the Democratic Party is solely to blame for the current financial crisis.

There is a feeling in this country that the Republicans are soley responsible for the failures of Fannie Mae and Freddie Mac, that their failure was a reuslt of a lack of oversight and regulation that is indicitave of Republican operating methods.