02-26-2009, 11:28 PM
The Dems have selective memory, Sam. They like to forget about the numerous hearings in the House where they were warned of the problem and never helped do anything about it. They (Franks, Dodd etc.) were too busy taking money from the F/F lobby.
As I remember there were hearings in 2002, 2005 and 2007. Audacity was alive and well even then, when Barney and crew castigated the oversight auditors for their "scare tactics". Maxine Waters even said "Everything is perfectly fine at Fannie and Fredie thanks to the fine work of Mr. Raines". Geeeez.
As I remember there were hearings in 2002, 2005 and 2007. Audacity was alive and well even then, when Barney and crew castigated the oversight auditors for their "scare tactics". Maxine Waters even said "Everything is perfectly fine at Fannie and Fredie thanks to the fine work of Mr. Raines". Geeeez.