You Can't Have it Both Ways

Conservative pundits continue to place the blame for our economic meltdown on Fannie Mae and Freddie Mac. According to their logic, it was the Democrats failure(1) to regulate them that caused this crisis. So, by this logic, it was a failure of regulation that caused the crisis. But these are the same people that continue to argue that deregulation is the answer! How can you argue to remove regulation on one hand and place blame on too little regulation on the other? You can't have it both ways.

(1) Note that the Republican caucus was in control of both houses of Congress for 12 of the last 15-years