I've been told that this is the video footage the libtard media didn't want you to see. Allegedly, it was pulled from YouTube by liberwock request once already. However, the date on the video posting shows September 2008, so that accusation is probably a neocon myth. Anyway, it's certainly worth watching and must be seen to be believed. It's probably the best three and one half minutes of television you'll see this year. But just in case you don't have that much time, here's the short story.
Apparently in 2001 the Bush administration warned and then pushed Congress for stiff regulatory measures on Fannie Mae and Freddie Mac – citing the the potential for a financial meltdown which would subsume the realestate industry.
What's particularly entertaining about this footage is watching Barney Frank pimp the mortgage giant, even as the Bush administration gave dire warnings about the potential financial ruin awaiting us. Check it out. You won't be sorry.
This footage along with other was shown on Fox before the November election. It was all over the Internet. DESPITE the truth and the facts, Barney, Dodd et al have been able to continue hoodwinking the American people with manipulation/misdirection. The propaganda being that the housing debacle was caused by the Bush Administration lack of regulations!?
The thought I live in the same state as Barney “the creep” sickens me. Hope someone runs against him next election. The same sentiments I have for the other demoRats in MA.