Posted On: October 14, 2008, 10:02 am CDT

Posted By: RS

Just remember Barney Frank stated Fannie Mae and Freddie Mac were stable just before they went under. Many invested heavily in them because of his remarks and now he claims he didn't mean what he said. More recently Harry Reid, senator from NV, said he had first hand knowledge an unnamed "major" insurance carrier was nearing bankruptcy and caused carrier stocks to plument. When his office was contacted for further comments from him, they denied he had any first hand knowledge (or any at all) of a major carrier nearing bankruptcy - so why did he say that? Unfortunately, our politicans do not understand finance, insurance etc. well at all and we exepct them to fix anything? We do elect unbelievable idiots and keep doing it so who is responsible? Both of these tools are democrats (I am too but not resident in their states). Soon we will have a democrat for president (that "wants to redistribute the wealth") and a democrat majority in congress........