Bret Baier looks at how Sen. McCain and the Republicans recognized the Fannie/Freddie crisis with time to spare. Democrats like Barney Frank blocked the increased oversight, calling action unnecess...
Bret Baier looks at how Sen. McCain and the Republicans recognized the Fannie/Freddie crisis with time to spare. Democrats like Barney Frank blocked the increased oversight, calling action unnecessary.
Barney Frank: "Fannie Mae and Freddie Mac are not in a crisis situation."
"The more people in my judgment exaggerate the threat of safety and soundness, the more people conjure up the possibility of serious financial losses to the treasury, which i do not see. I think we see entities that are fundamentally sound financially and withstand some of the disaster scenarios. Even if there were a problem, the federal government does not bail them out. But the more pressure there is, the less we see in terms of affordable housing."
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Another interesting attempt by fox news to rewrite history cast as news. If only we had listened to the republicans and George Bush none of the real estate and financial meltdown would have happened! There was a lot more to it than Freddie and Fannie. There were a lot of complex unregulated financial instruments and good old American greed all around that had roots clear back in the Reagan administration.
@1netvoice - Man go drink some more of that spiked kool-aid, you're drunk as a dog! You can place the facts and the people spewing it right in front of these fools faces and they still deny. Just like Yuri Bezmenov said, they are brainwashed beyond repair. Eat it comrade, the gig is up!
In response to the idiocy of DestructerX.... House and Senate Republicans brought attention to the shady practices of Fannie and Freddie numerous times, including introducing into the House HR 2803 Housing Finance Regulatory Restructuring Act of 2003. The bill was filibustered by the Democrats along party lines. It was then sent to the House Financial Services Committee where Barney Frank killed it. Learn your history, until then keep your mouth shut. Once again, Democrats guilty as charged.
PhiltrumOz, One party can't get legislation through both houses of congress by itself, unless it had veto-proof majorities in both houses. Unlike the current situation with the Democrats, they are completely unchecked (except now Kennedy is gone). But we have to trust these Libs, I mean, they know all the words to the song Kumbaya.
Did the homeless lady ASK or just come right up and take it. How do you know she was homeless? If she really was homeless she needed FOOD not a cup of coffee.
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Repugs 100% GUILTY AS CHARGED!! as usual!
One party can't get legislation through both houses of congress by itself, unless it had veto-proof majorities in both houses. Unlike the current situation with the Democrats, they are completely unchecked (except now Kennedy is gone). But we have to trust these Libs, I mean, they know all the words to the song Kumbaya.