Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Cri
These are hearings from C-Span in 2004. Seems we could have avoided this crisis had we not listened to Democrats and had the votes. Watch the whole thing and see the democrats saying there is NO problem with either Fannie or Freddie. Check out the bonuses that leading Democrat operatives appointed to Fannie and Freddie walked away with when it was sinking. Franklin Raines is now an advisor to Obama after walking away with millions. Obama was a huge supporter of Freddie and Fannie in the Congressional Black Caucus and was singled out by the interim CEO as a big supporter.
Obama has recieved the second largest contribution from Freddie and Fannie behind Chris Dodd.
And we trust this guy to fix our economic crisis?