http://www.foxnews.com/story/0,2933,431209,00.html
ALAN COLMES, CO-HOST: The political fallout continues and now it includes this program. The following video of a House hearing in 2004 is circulating around the Internet, and we played it for you on "Hannity & Colmes" last night: (BEGIN VIDEO CLIP) REP. MAXINE WATERS, D-CALIF.: There were nearly a dozen hearings where frankly we were trying to fix something that wasn't broke. Mr. Chairman, we do not have a crisis at Freddie Mac and in particular at Fannie Mae under the outstanding leadership of Mr. Frank Raines. REP. GREGORY MEEKS, D-N.Y.: There's been nothing that was indicated that's wrong with Fannie Mae. Freddie Mac has come up on its own, and the question that questions the competence that your agency has with reference to deciding and regulating these GSEs, and so I wish I could sit here and say that I'm not upset with you, but I am very upset because what you do is you may be giving a reason to as Mr. Gonzales said, to give someone a heart surgery when they don't need it. REP. BARNEY FRANK, D-MASS.: But I have seen nothing in here that suggests the safety and soundness as an issue, and it serves us badly to use safety and soundness as kind of a general shibboleth when it does not seem to be an issue. (END VIDEO CLIP) --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
