Shocking Video Unearthed: Democrats in Their Own Words Covering Up the Fannie Mae and Freddie Mac Scam
Nancy Pelosi, the rest of the Democrats and the mainstream media have tried to lay the blame for the current financial meltdown at the feet of the Republicans. We're told that the GOP's opposition to regulation sowed the seeds of this crisis. Yet, this video clearly demonstrates that the Republicans tried in 2004 to reform Fannie Mae and Freddie Mac but were blocked by Democrats who demonized their efforts.
We can certainly argue about whether or not regulation would have been beneficial in this case, but there is something that is unarguable.
The Democrats are lying.
They, and no one else, blocked reform of these government sponsored enterprises. Watch the video and learn the truth.