What Just Happened???

What really did happen? Who enabled Countrywide to loan money on houses over the heads of many? Who created the atmosphere in which banks were often picketed if they turned down loans? Who made their campaign cry the last decade and a half “Redlining! Predatory Lending!”. If you don’t get the predatory lending part it’s pretty simple … people with bad credit used to have to pay higher interest rates and fees on their loans. To the Dems, that was redlining and predatory. Here’s the tape:

More on Barney Frank’s ties to Fannie at Fox¬† News

The 2004 Hearings on Fannie and Freddy

In these hearings you see congressional Republicans calling for better oversight and regulation of the two GSE’s, and you see Democrats beating back any regulation.