Congressman (D-M) Barney Frank devastated Newt Gingrich's revisionist
history over the failure of Freddie and Fannie Mac by pointing out that
the Republican Party controlled Congress for over 12 years and did
nothing to rectify the failure of the agencies which was becoming more
and more apparent. Congressman Frank pointed out that although he
initially supported the government agencies because of his initial
support for affordable home ownership, he later changed his view and
urged the Republicans to initiate investigations into both of the
agencies to no avail. Today, on Al Sharpton's Politics Nation, Micheal Steele erroneously stated the Democrats were in control of the house from 1996-2002. In fact, Republicans lead
the House from 1994 until 2007 when Congressman Frank and Senator Dodd
(D-M) were able to take over and finally put Fannie and Freddie into a
conservortership. Here is an interview a posted earlier taken from Andre Mitchel Reports where Congressman Frank explains this in detail:
No comments:
Post a Comment