Tuesday, October 26, 2010

Don't forget Frank's record on Fannie and Freddie

Reminder for Massachusetts, thank you Barney Frank for the Fannie Mae, Freddie Mac sub prime home bubble, loan market CRASH ... remember?! hattip Gateway Pundit: "For the record…
As reported earlier at Big Government, in May 2007 Barney Frank and the Democrat-controlled House passed GSE reform legislation. Legislation which was adamantly opposed by the Treasury Dept. and the Bush Administration for limiting federal oversight of Fannie and Freddie’s mortgage holdings. Legislation which included Frank’s pet project, an “affordable housing” fund backed by tax payers.

Let it also be noted that going into 2007 Fannie and Freddie had never in history been allowed to purchase or finance sub-prime mortgages. But under pressure from Democrats in Congress (including Frank), they were granted this authority by regulators in September 2007."

HEY MASS., help save America by supporting: SEAN BIELAT

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