by Calculated Risk on 9/10/2008 09:12:00 AM

“We missed a golden opportunity that would have avoided a lot of the problems we’re facing now, if we hadn’t had such a firm ideological position at the White House and the Treasury and the Fed [in 2005].
...
All the handwringing and bedwetting is going on without remembering how the House stepped up on this. What did we get from the White House? We got a one-finger salute.”
former Congressman Mike Oxley (R-Ohio), Sept 9, 2008

From the Financial Times: Oxley hits back at ideologues (hat tip Paul Krugman)

Note: Greenspan was at the Fed. John Snow was the Treasury Secretary.