CSPAN: Democrats ran interference for Fannie Mae & Freddie Mac
October 1, 2008
Barney Frank wants voters to believe that the Bush administration got us into the present financial mess. This is a toxic lie, as shown by these CSPAN excerpts from 2004 Congressional hearings on tighter regulation of Fannie and Freddie. Note that the Democrat members are challenging Republican’s attempts to raise alarms about a subprime-related housing meltdown and, in particular, excoriating government regulators for their testimony.
Selling America’s economy down the river started years ago and Democrats who would tell you that Republicans failed you are flat-out lying.