Monday, September 29, 2008
Democrats Blocked Reform in 2004
In their own words. Democrats block urgent reform in 2004 and attack the regulator. (Recall Fannie Mae chairman Franklin Raines received $90 million in compensation while running it into the ground. Barack Obama was a top recipient of Fannie payola and "advice".) We've seen Rep. Barney Frank's earlier abysmal performance. Watch this from a 2004 hearing:
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