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To: CutePuppy
The tape clearly shows President Bush warning of the dangers in April 2001 and again in 2003, upgrading the problem as possibly going beyond housing. Calls by the White House to Congress to create an agency to regulate and supervise the two GSE’s were met with resistance from the House Finance Committee Chairman, Barney Frank, who vehemently denied any problems with the two entities saying there was “no crisis.” The requested legislation for controls was blocked by House Democrats and killed.

Butt boy frank was not chairman in 2001 and 2003, not until 2006. Old story, but some people sure play fast and lose withe the time line.

7 posted on 01/05/2009 3:10:21 PM PST by org.whodat (Conservatives don't vote for Bailouts for Super-Rich Bankers! Republicans do!)
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To: org.whodat

Good catch, coulda been fixed with “current” or his correct title then, “Ranking Minority Member” (?). Sure wish they’d proofread the text, but this should not take away from the substance of the piece or the video.

“But even then, the CYA brigade of the Democrat party allegedly jumped in and threatened a proprietary rights lawsuit if the videotape was run on You Tube.”


16 posted on 01/05/2009 3:57:13 PM PST by CutePuppy (If you don't ask the right questions you may not get the right answers)
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