McCain's Early Recognition of Fannie/Freddie Crisis

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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[uzijohn]

Most people think Fanny & Freddy went belly-up because of Republican deregulation, this video shows it was the opposition of liberal Democrats to regulation,

Anyone seen this clip on ABC, NBC or CNN?

Hell no, them getting Omaha elected is job one