Regarding the letter “Blame Democrats for mortgage mess” (3/17), I refer readers to the article “Freddie Mac paid for ‘stealth’ effort.” (10/20/08, A-6). The subtitle says it all: “Mortgage giant’s money arranged for a GOP consulting firm to kill a regulatory bill.”
Chuck Hagel, a Republican, failed to get Senate Majority Leader Bill Frist (a fellow Republican) to call for a vote on “effective regulatory reform legislation.” Little did Sen. Hagel know DCI, a Republican consulting firm, was paid $2 million to kill any potential legislation.
All this happened in 2005. The blame stops here.