Washington, Oct 23 - Those seeking the truth about the root cause of our current financial woes, and who is truly culpable for allowing this debacle to happen, should read this excellent article from Orson Scott Card, a Democrat newspaper columnist.

Card succinctly states the point that I have repeatedly pointed out on this website and in press releases: Democrats in Congress repeatedly blocked Republican attempts over the past decade to address the looming financial crisis being initiated by Fannie Mae and Freddie Mac.  As government sponsored enterprises, Fannie and Freddie both got their marching orders from Congress to provide sub-prime mortgages to target low-income borrowers, and these ill-advised policies were initiated and agressively expanded by President Clinton and leading congressional Democrats.  Those seeking the truth about our financial crisis, and looking to identify appropriate reforms to ensure this does not happen again, should take note of this excellent article.