Posted on 09/28/2008 7:24:41 AM PDT by moneyrunner
Democrats fighting tooth and nail to keep Fannie and Freddie from being reformed before they blew up and are now threatening the world's financial structure. Here is the video of the hearings in which Democrats tell us "nothing is wrong," beat up on the would-be regulators, and tell us that Fannie and Freddie are operating exactly as they want them to act.
We see Maxine Waters (DEMOCRAT) accuse the regulators of “…trying to fix things that are not broke.” We see Gregory Meeks (DEMOCRAT), Arthur Davis (DEMOCRAT), Lacy Clay (DEMOCRAT) and Barney Frank (DEMOCRAT) defending Fannie and Freddie’s accounting practices. And then we have the testimony of Franklin Raines, CEO of Fannie Mae testifying that the real estate backed assets he holds are “so riskless” that he should be able to leverage his assets 50 to 1.
How did that work out of us Franklin?
(Excerpt) Read more at moneyrunner.blogspot.com ...
Lib that he was, if Tim Russert were alive these vids would be on MTP this very day. Tin foil time. Maybe it wasn’t a heart attack.
FOX news is just not covering a lot of this. Republicans will have to do get the news out. I live in a area where u have to register Democrat to vote in local elections and get about 5 obama emails a day. Pubbies should do the same.
btt
book mark
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.