Bushs 2004 bank hearings were held because Democrats demanded them, and the motion was voted down...?...by the Republicans heading the hearings. How long will Republicans continue the ridiculous fiction that Dems or Barney Frank somehow stopped regulating the banks? How long with they float the ridiculous lie that the hearings were about anything but the Government begging the banks to stop making loans to... |
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DEMOCRATS Admitting who is at Fault !
Bill Clinton admits fault
“I think that the responsibility that the Democrats had may rest more in resisting any efforts by Republicans in the Congress, or by me when I was President, to put some standards and tighten up a little on Fannie Mae and Freddie Mac.” – Former President Bill Clinton (D-AR), September 25, 2008
Democrat Congressman Admits Fault
“Like a lot of my Democratic colleagues I was too slow to appreciate the recklessness of Fannie and Freddie. I defended their efforts to encourage affordable homeownership when in retrospect I should have heeded the concerns raised by their regulator in 2004. Frankly, I wish my Democratic colleagues would admit when it comes to Fannie and Freddie, we were wrong.
Congressman Artur Davis (D) Alabama
http://tjhancock.wordpress.com/housing-b...
http://www.youtube.com/watch?v=BMPPGlOpU...
Sorry the truth is inconvenient to you kool-aid drinkers...
Its not a lie... as The DIMS ran congress in 2006.. 2 YEARS before the meltdown....
