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:

Via HotAir

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.

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

You can email Jim Hoft here, and read more of Jim Hoft's articles here.

 

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