Frank, Dodd, House Speaker Nancy Pelosi, Senate Majority Leader Harry Reid and Sen. Chuck Schumer could not be more sanctimonious in blaming the Bush administration for lack of regulations. Starting with the Community Redevelopment Act during the Carter administration, Democrats have chipped away at every regulation standing in the way of giving mortgages to people who could never afford to repay them. It turns out that these worthless mortgages are the root cause of our economic problems.