Barney Frank and Chris Dodd are two of the primary people in charge of rewriting the rules of banking in America -- and, for that matter, the entire world.

They are deemed qualified to do so on the premise that the economic collapse of 2007-08 occurred because of government policies leading up to that time.

Here's what each of the men had to say in the years leading up to the 2007-08 crash.

Barney Frank: Warnings about federal government policies encouraging or requiring loans to people who would be unable to pay them back "exaggerate a threat of safety" and "conjure up the possibility of serious financial losses to the Treasury, which I do not see."

Chris Dodd: Banks and the housing market are "on a sound footing."

It's amazing. When someone (inaccurately) associated with capitalism such as Alan Greenspan says "the market is safe," then it's the fault of capitalism when he's wrong. And when socialists Barney Frank or Chris Dodd are, if anything, more wrong in their predictions, they are charged with reshaping the American economy (by political, not economic standards) and are allowed to get away with saying, in essence, "There's too little regulation in America."

America was regulated enough before the housing crisis to encourage banks to write loans for unqualified borrowers because this is what politically correct policies (in both the Clinton and Bush Administrations) required. You'd think that liberal-socialist-Democratic regulation would get the blame, rather than be elevated as the solution. Or, at the very least, that those associated with the promotion and implementation of the very policies that brought disaster would not be permitted to have a say in the solution.

The fact is, there's nothing left to regulate. Either we repeal all the laws and regulations that got us into trouble in the first place, leaving the market completely free to do its thing in an economy where profit-makers and profit-seekers are totally responsible for any losses they incur, or we simply ... socialize, nationalize, or whatever you want to call it. In America 2010, "regulate" is really just a synonym for socialism. That's what we're going to get, until or unless a majority of our leaders decide that a free market is the only alternative to both a hampered or a socialized market. Capitalism delivers the goods, but only when left alone to do the job.

Barney Frank and Chris Dodd are the least qualified to deliver anything good to anyone, other than the devastation and destruction policies such as theirs brought us before. Why on earth are these idiots in charge of America's financial future?