Americablog: Bush administration suddenly begging for regulations in mortgage industry

by Chris in Paris · 10/18/2007 04:33:00 AM ET

Where the heck was this spirit a few years ago when it was needed? All of the hysteria that we will be hearing about from Paulson and probably soon enough Bush is purely for show because they know the economy is in serious trouble thanks to their incompetence of ignoring warning signs. (Let's not forget Mr. Bubble either, who ignored the issues related to regulating the mortgage industry.) There is nothing that is going to stop the hemorrhaging at this point and intervening now will only add to the cost for everyone including people who weren't greedy on Wall Street and Main Street.