Fox News quotes Rep. Artur Davis of Alabama, a member of the Congressional Black Caucus:(from Taranto)
Like a lot of my Democratic colleagues I was too slow to appreciate the recklessness of Fannie and Freddie. I defended their efforts to encourage affordable homeownership when in retrospect I should have heeded the concerns raised by their regulator in 2004. Frankly, I wish my Democratic colleagues would admit when it comes to Fannie and Freddie, we were wrong.
Like many congressman, Davis is probably elected from such a safe district he could quite literally drive drunk off a bridge, killing his car-mate, and still get elected.
But hey, at least he's honest. You won't get that kind of honesty from Barack Obama or Chris Dodd or Barney Frank.
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