This video from Fox shows how the Republicans have been warning about this problem for years while the Democrats have been blocking them. It is must see TV, my friend, and you DEFINITELY will want to watch it. The Barney Frank quote is absolutely priceless.

Hat tip to Ace of Spades HQ for the video.

PS: The really scary thing here is that the very same oblivious people who were responsible for this whole crisis in the first place are now running Congress, denying that they had anything to do with the problem, and they are the very same ones working on the bailout.