I know I’m just piling on now, but I can’t help it. The WSJ has a catalog of Democrat statements defending Fannie and Freddie from reform. Here’s the best one:
House Financial Services Committee hearing, Sept. 25, 2003:
Rep. Frank: I do think I do not want the same kind of focus on safety and soundness that we have in OCC [Office of the Comptroller of the Currency] and OTS [Office of Thrift Supervision]. I want to roll the dice a little bit more in this situation towards subsidized housing. . . .
Sure enough, we tried it his way. Roll the dice, with no focus on safety or soundness.
How bizarre is it that Democrats are profiting politically from the mess they created?
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