In case you thought Democrats would accept any responsibility whatsoever for what they’ve done to the economy, watch the spittle spray when a student dares ask Barney Fwank on friendly turf at Harvard,

How much responsibility, if any, do you have for the financial crisis?

The answer to the question is: plenty.

Judicial Watch comments on recently obtained documents that make clear to what extent Fwank and friends brought this on us on behalf of their Fanny/Freddy benefactors:

Overall, these documents show that Congress was made aware of the massive problems at Fannie Mae and Freddie Mac over the last six years. Yet liberals, led by Congressman Barney Frank, repeatedly blocked attempts to rein in Fannie Mae and Freddie Mac.

For example, during a hearing on September 10, 2003, before the House Committee on Financial Services considering a Bush administration proposal to further regulate Fannie and Freddie, Rep. Frank stated: “I want to begin by saying that I am glad to consider the legislation, but I do not think we are facing any kind of a crisis. That is, in my view, the two government sponsored enterprises we are talking about here, Fannie Mae and Freddie Mac, are not in a crisis. We have recently had an accounting problem with Freddie Mac that has led to people being dismissed, as appears to be appropriate. I do not think at this point there is a problem with a threat to the Treasury.”

“These new documents show that liberals in Congress were reckless when it came to the massive taxpayer liabilities related to Fannie Mae and Fannie Mac,” said Judicial Watch President Tom Fitton. “Government officials at FHFA repeatedly sounded the alarm regarding fraud, abuse and corruption at these two GSEs while liberals in Congress, led by Barney Frank, blocked attempts to address the situation in a meaningful way.”

The Banking Queen was literally in bed with Fannie/Freddie. Not only did he line up with other Dems at the campaign trough like a prize hog glutting himself, he has had homosexual relations with Fannie Mae executive Herb Moses.

On tips from Conan, Puffdaddy, and Burning Hot. Hat tip: Michelle Malkin. Cross-posted at Moonbattery.

0

Comments are closed.