This clip from Special Report with Brit Hume tonight shows exactly why we're in the mess we're in right now with Fannie Mae and Freddie Mac. In 2005, Greenspan warned us that F&F were heading off a cliff, and the Republicans sponsored legislation to force regulation on both agencies. Who voted and how? All Republicans voted for the regulation, and ALL Democrats voted against it. Including the now-chairman of the oversight committee that oversees that, Chris Dodd.
It should be mentioned that Dodd was the highest paid recipient of Fannie Mae contributions, so is this truly a surprise? What a bunch of hypocrites the Democrats are - and now they are all trying to blame Bush and/or the Republicans.
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