In 2004 Maxine Waters said Fannie & Freddie weren’t broken

As Democrats continue to try and hang the financial crisis around the neck of John McCain, their own words are coming back to haunt them.

Republicans are the ones who have pushed to reign in Fannie Mae and Freddie Mac, while Democrats continually fight any regulation.

I am not saying the Republicans are completely free of blame. The fact is, they were in charge in 2001 when this issue first popped up, all the way until 2005. And no legislation was ever passed providing the sort of oversight they knew was needed.

But it is clear from this video and other media reports that Democrats have been the ones preventing the reforms that could have prevented this crisis. I just think it’s sad thata the MSM is letting them get away with such hypocracy.