Why aren't the Democrats running the Wall Street firms, those who ran Fannie and Freddie, and those on the Hill that allowed this to happen being cuffed and perp walked like Lay and those of Enron, Worldcom and Tyco? Because they are Democrats.
If Republicans had been at the helm of these Wall Street firms, Freddie, Fannie, and led the list of political donations from these organizations, or if the current mess could be layed at a Republican's feet, you would have incessant coverage of these stories on the nightly news, the NY Times, WaPost, etc. But, since it was Frank and Dodd (highly esteemed Democrats) at the forefront, you hear nothing.
These firms' accounting issues trump anything Enron, Worldcom and Tyco did. Yet, nothing from the MSM on them or their connections to the Democrats. And, they're post SOX. Wasn't SOX hailed as the solution to all of this? Oh wait, Fannie & Freddie are exempt from these rules as are most of the actions of our government employees. Remember, they do not have to live by the rules they require us to live by. Also, further evidence that solutions to problems will never come from DC.
The Democrat's willing accomplices in the MSM have successfully painted Wall Street as a bunch of Republicans, when, in fact, the total opposite is true. The government educated majority believes that those who caused this mess, i.e. the Wall Street firms, friends of Countrywide, are Republicans. But, what do you expect from people who have to be told what to think, never question the motivation of their politicians and never hold them accountable for results.
The government educated majority are the true sheep that the Democrats tend, and, before long, these sheep will be beholden to the government for their very livelyhood. Certainly doesn't sound like a country that investors should put their money into.