You thought you knew the truth?
Here's what Barney Frank said in 2004 (he's first speaking at about the 5-minute mark):
Now he says this:
So, Barney, can you please tell me why they've been allowed to accumulate and own over 50% of all mortgages? And why exactly would we want the government to build something new?
Read the full article here: http://hotair.com/archives/2010/08/18/frank-abolish-fannie-and-freddie/?print=1
And then, if you have the stomach, read this: http://articles.moneycentral.msn.com/Investing/JubaksJournal/fannie-and-freddie-must-die.aspx
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It always comes down to blaming President Bush. That first video is very revealing. The republicans never got any credit for trying to stop the madness, only blame. Thanks for posting.
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ReplyDeletejust not sure why they wouldn't be playing this wherever and whenever they could to set the record straight. I've sent it out over facebook, maybe others will share it along the way as well. I know one of my daughters has lib friends who vote democrat, maybe they will watch it - probably not - but even if one person sees the lie it will be worth it.
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