September 25, 2008

VIDEO: Barney Frank (D) Denying Problems With / Blocking Oversight of Fannie-Freddie in 2003

Who's responsible for the mess? It's a truth the Democrats and their surrogates don't want to face. But the record has them dead to rights.

The video clips presented in this report give you a clue. Quote of the decade from Barney Frank (D)- "Fannie Mae and Freddie Mac are not in crisis." Other juicy quotes from Chuck Schumer (D) as well.

BZZZZZT. Do not pass go. Do not collect $200.

Maybe that's why Obama won't be heading to Washington this week to deal with the crisis he and his fellow Congressmorons fostered, nurtured and ultimately tried to abdicate their responsibility for.

Note that McCain and the GOP and Alan Greenspan and Bush were all warning of this in 2001, 2003, 2005 and 2006. Legislation for reform and oversight of Fannie-Freddie was proposed and was blocked every time - on party line votes - by the Democrats. Ignoring it won't change it, O!bots.


By Good Lt. at 07:21 AM | Comments |