Figures… Dems Blocked Fannie Mae and Freddie Mac Reform For Years (Video)
John McCain attempted to pass legislation to reform mortgage giants Fannie Mae and Freddie Mac back in 2005 but was blocked by Dems.
President Bush publicly called for GSE reform 17 times in 2008 alone and the Democratic Congress ignored him.
Now, at least there’s one media outlet is not blocking the real story behind the mortgage crisis:
It should be noted that two of Barack Obama’s ultra-rich advisers, including Franklin Raines who was later fired, got sweetheart loans.
Is that racist to mention Barack Obama and Franklin Raines in the same sentence?
Kevin Hassett wrote more on how the Democrats created this financial crisis at Bloomberg.com.
Hat Tip Bob R.
The FBI is looking at potential fraud by mortgage finance giants Fannie Mae, Freddie Mac, and insurer American International Group Inc. (AIG) and Lehman Brothers Holdings Inc.
Stan Liebowitz has more on how investors were sold a bill of goods by “progressive” politicians, academics and government officials at The New York Post.