Don’t Blame The Republicans For The Mess!

Rush Limbaugh writes

In 2004, Republicans held an oversight hearing on Freddie Mae and Fannie Mac. They warned us about this crisis back then, but Barney Frank, Maxine Waters, and other Democrats charged racism. Franklin Raines, the disgraced thief Democrat CEO of Fannie Mae, insisted the loans were “riskless.”

I’ve written that it is the Democrats that are responsible for the mess at Fannie Mae and Freddie Mac.

This video discusses the OFHEO report, critical of the two GSEs, and the Democrats in charge of over seeing the two companies response to recommendations for tighter regulations:

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