House Democrats Block President Bush’s Attempt of Reform for Fannie and Freddie

The NY Times from Sept 11, 2003 clearly shows that President Bush attempted to reform Fannie Mae and Freddie Mac due to their overblown lending/spending. Guess who blocked it…. House Democrats and the Home Builder’s Association.

http://query.nytimes.com/gst/fullpage.html?res=9E06E3D6123BF932A2575AC0A9659C8B63&sec=&spon=&pagewanted=print

Here is a precious quote from our favorite Congressperson, Barney Frank (D):

”These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ”The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”

So contrary to Obama and the Democrats blame Bush, here is the proof that it was the other way around.

Thanks Democrats….

Advertisements
Published in: on September 25, 2008 at 3:18 pm  Leave a Comment  
Tags: , ,

The URI to TrackBack this entry is: https://constitution1776.wordpress.com/2008/09/25/house-democrats-block-president-bushs-attempt-of-reform-for-fannie-and-freddie/trackback/

RSS feed for comments on this post.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: