Watch liberal U.S. Rep Bwayney Fwank (D-MA) say that Fannie Mae and Freddie Mac were fundamentally sound financially and there was no need to regulate them. Senator Chuck Schumer (D-NY) issued a statement in 2005 affirming that over the years Fannie and Freddie "have done a good job and are an intrinsic part of making America the best-housed people in the world."
These two fools ignored the warning signs and admonitions of the Bush administration in order to keep their Fannie/Freddie campaign piggy bank afloat and now America reaps the whirlwind.
Move over Bernie Madoff and make room for a couple more cell mates.
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