Democrats assured us nothing was wrong with Fannie Mae and Freddie Mac in 2004

In fact, as can be seen from these clips they were pretty much infuriated that anyone would suggest otherwise.

Be Sociable, Share!

4 Responses to “Democrats assured us nothing was wrong with Fannie Mae and Freddie Mac in 2004”

  1. Nephos says:

    “Facts are stubborn things.”

    You have to love C-Span. Can’t change history.

  2. Kansas Bob says:

    Plenty of blame to go around these days.. hopefully we will learn from our mistakes.. yikes.. government learning from mistakes.. did I say that?

  3. casey says:

    Yeah, here’s hoping the American people will not be tricked into putting the very people who caused the problem in charge of solving it. The words of Ronald Reagan ring true: “Government is not the solution to our problems. Government is the problem.”

  4. Nick says:

    The current credit freeze is likely due to Wall Street’s hope of a bailout; bankers will not sell their lousy assets for 20 cents on the dollar if the government might pay 30, 50, or 80 cents.

    NO Bailout of wall street! NO transfer of debt to main street! NO Bailout!

    What we really need is getting rid of Fannie Mae and Freddie Mac, along with policies like the Community Reinvestment Act that pressure banks into subprime lending. Central banks and governments cannot transform unprofitable investments into profitable ones. They cannot force institutions to increase lending when they are so exposed. This is why calls for throwing more money at the problem are so totally misguided.