Peronista Policies Yield Peronista Results

The mind boggles.

The housing crisis/sub-prime debacle was caused by government complicity in enabling fake mortgage originators to write loans and then turn around and sell them immediately to dupes (i.e., da Fanny and da Fred). The Dems voted down an amendment that would have required a 5% down payment to meet the "qualifying restriction." So, yes, the Chris Dodd quote, "this is biased! it would restrict home ownership only to those who can afford it!" is fake (this is the satirical source of that fake quote). But the Dems acted as if that was exactly what they believed, and voted down even a 5% down payment as being racist and biased. Seriously, they did that. Really.

Okay, but surely we learned something, right?