11-21-2008, 01:28 AM
However, if you really must play the finger-pointing game, then let's.
Fannie Mae, one of the roots of this crisis, was pressured by the Clinton (D-AK) administration to buy up more subprime mortgages from banks in packages known as "mortgage-backed securities". You can take a look at this scarily prophetic article for more information on his dangerous gamble.
Barney Frank (D-MA) said he wanted to "roll the dice" when it came to subsidized housing provided largely by Freddie and Fannie.
Maxine Walters (D-CA) said that "we do not have a crisis at Fannie Mac... or Fannie Mae..." as well as a bunch of other scary stuff. Like trying to prevent the regulator from getting into either mortgage giant.
Chris Dodd (D-CT) took the largest amount in campaign contributions from Fannie and Freddie.
Gregory Meeks (D-NY) said that there was no problem with Freddie Mac.
Take a look at this video for some great clips of Congressional Democrats downplaying the issue, while Congressional Republicans begged for more regulation.
Fannie Mae, one of the roots of this crisis, was pressured by the Clinton (D-AK) administration to buy up more subprime mortgages from banks in packages known as "mortgage-backed securities". You can take a look at this scarily prophetic article for more information on his dangerous gamble.
Barney Frank (D-MA) said he wanted to "roll the dice" when it came to subsidized housing provided largely by Freddie and Fannie.
Maxine Walters (D-CA) said that "we do not have a crisis at Fannie Mac... or Fannie Mae..." as well as a bunch of other scary stuff. Like trying to prevent the regulator from getting into either mortgage giant.
Chris Dodd (D-CT) took the largest amount in campaign contributions from Fannie and Freddie.
Gregory Meeks (D-NY) said that there was no problem with Freddie Mac.
Take a look at this video for some great clips of Congressional Democrats downplaying the issue, while Congressional Republicans begged for more regulation.