Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis

This hearing was in 2004.
Fannie Mae was in good shape under Franklin Raines. Their percentage of subprime loans was less than 5%.
After Franklin Raines left in 2004 the percentage of subprime loans rose to 25%, Stock prices increased under Raines leadership, but plummeted during the years after he left.

ACORN denounced subprime loans back in 2001. Congress should have listened.
Senator Obama submitted legislation to increase regulation in 2007. Congress should have listenend.

Oh the magic of editing. A similar tape could be made showing Republicans supporting deregulation. Banking deregulation cost hundreds of billions during the Reagan years. Republican Senator Phil Graham pushed for and got deregulation during in 1999. Republicans controlled Congress from 1994 to 2006, and the Presidency from 2000 to 2008, and could have easily increased regulation, but chose not to.

We have a fifth column in Congress and in the streets. We're doomed.

This is the Cloward/Piven Strategy in play.

Google the term,,,check for yourself.

Hopefully people will start to realize who the real culprits are...I am ashamed that Barney Frank represents my state!

Wow, three point four million views! Amazing! Great!

these people are the real gangsters get away with the murder type shit ..

They should all be held accountable. They could see what was coming and did nothing to protect the American people. It was Frank's job to alert us, instead he continues to cover up.
It amazes me to look back at this now.

Bush may have done some bad things modecveil but he is no where in league with Obama. Obama is a pro at destroying this country.
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modeCveil (21 hours ago) Show Hide 0 Marked as spam Reply | Spam You know America is finished when frauds like Bush and Obama get elected.

You know America is finished when frauds like Bush and Obama get elected. The American Sheeple have become so addicted to pornography, video games, and cable news that they have actually become docile to the "authorities" in the government-media complex. Neither party is committed to the Constitution. Instead, they are committed to various "Causes".