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Democrats in their own words covering up the Fannie Mae, Freddie Mac scam

Some shocking video from 2004 where Democratic members of the Financial Services Committee defend the misdeeds of Fannie Mae and Freddie Mac while attacking the government regulator who uncovered the common practices of inflating earnings and papering over risky investments at the two companies:

 

 

Posted by Brown Staff (10-06-2008, 10:39 AM) filed under Economy