In case you thought Democrats would accept any responsibility
whatsoever for what they've done to the economy, watch the spittle
spray when a student dares ask Barney Fwank on friendly turf at
Harvard,
How much responsibility, if any, do you have for the financial
crisis?
The answer to the question is: plenty.
Judicial Watch comments on recently obtained documents that make clear
to what extent Fwank and friends brought this on us on behalf of their
Fanny/Freddy benefactors:
Overall, these documents show that Congress was made aware of the
massive problems at Fannie Mae and Freddie Mac over the last six
years. Yet liberals, led by Congressman Barney Frank, repeatedly
blocked attempts to rein in Fannie Mae and Freddie Mac.
For example, during a hearing on September 10, 2003, before the
House Committee on Financial Services considering a Bush
administration proposal to further regulate Fannie and Freddie, Rep.
Frank stated: "I want to begin by saying that I am glad to consider
the legislation, but I do not think we are facing any kind of a
crisis. That is, in my view, the two government sponsored enterprises
we are talking about here, Fannie Mae and Freddie Mac, are not in a
crisis. We have recently had an accounting problem with Freddie Mac
that has led to people being dismissed, as appears to be appropriate.
I do not think at this point there is a problem with a threat to the
Treasury."
"These new documents show that liberals in Congress were reckless
when it came to the massive taxpayer liabilities related to Fannie Mae
and Fannie Mac," said Judicial Watch President Tom Fitton. "Government
officials at FHFA repeatedly sounded the alarm regarding fraud, abuse
and corruption at these two GSEs while liberals in Congress, led by
Barney Frank, blocked attempts to address the situation in a
meaningful way."
The Banking Queen was literally in bed with Fannie/Freddie. Not only
did he line up with other Dems at the campaign trough like a prize hog
glutting himself, he has had homosexual relations with Fannie Mae
executive Herb Moses.
http://www.moonbattery.com/
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