Conservative Politics Today

Monday on Hannity and Colmes on Foxs News Channel, Sean Hannity showed a video of Democrats assaulting a regulator trying to warn them of Fannie and Freddie and praising the failed leadership of Franklin Raines. In response to that video Alabama congressman Artur Davis issued a statement exclusively to “Hannity & Colmes.”

“Like a lot of my Democratic colleagues, I was too slow to appreciate the recklessness of Fannie Mae and Freddie Mac. I defended their efforts to encourage affordable homeownership, when in retrospect I should have heeded the concerns raised by their regulator in 2004. Frankly, I wish my Democratic colleagues would admit that when it comes to Fannie and Freddie, we were wrong. By the way, I wish my Republican colleagues would admit that they missed the early warning signs that Wall Street deregulation was overheating the securities market and promoting dangerously lax lending practices. When it comes to the debacle in our capital markets, there is much blame to go around for both sides.”

Because he has admitted guilt without excuse I say to Mr Davis you are a good American- even though you did a stupid stupid thing then and even now in your attempt to instill some blame on the Republicans.

I thank you for your willingness to stand up and say “I was wrong.”