Firemon...this could ahve been avoided if the Dems would have done something. The Repubs tried but Barney Frank and Chris Dodd didn't think there was a problem. Bush implored since 2002. The Congressional Record and the President Records speak for themselves. check for yourself.
However, I will say that this course of action was not smart. The bailout proposal is a joke and is useless. Just a shame that the Dems had to let it get this bad to where Panic set in.