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Who's to blame?

Today Obama once again bashed opponents of his borrow and spend philosophy. Here's a sample...
“Don’t come to table with the same tired arguments and worn ideas that helped create this crisis.”
While the republicans surely are guilty of skyrocketed spending, does the primary blame lay at their feet? Maybe we should be talking about Barney Frank and his boys. Once again, back in 2003...
"These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''
Yep, quite an exaggeration.

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