Yes, they joked and giggled.
The "bailout plan" was, for them, all about politics and nothing about the country - and only an illusion of bipartisan concern to fool us. These people are not leaders - they are calculating connivers and manipulators of their lap-dog press.
It isn't funny. This quote from Sowell today:
The roots of this problem go back many years, but since the crisis to which all this led happened on George W. Bush's watch, that is enough for those who think in terms of talking points, without wanting to be confused by the facts.
In reality, President Bush tried unsuccessfully, years ago, to get Congress to create some regulatory agency to oversee Fannie Mae and Freddie Mac.
N. Gregory Mankiw, his Chairman of the Council of Economic Advisers, warned in February 2004 that expecting a government bailout if things go wrong "creates an incentive for a company to take on risk and enjoy the associated increase in return."
The Dems, with ACORN, adamantly opposed those efforts.