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	Name:	water_watcher -
	Subject:	Scare tactics
	Date:	9/28/2008 9:57:38 AM

Just a video of Barney Frank from 2003 - head of the banking committee (and the guy that was caught soliciting sex from male pages). He was asked about Fannie and Freddie and he was saying they are very secure and there are no problems .... it was just "scare tactics" of the republicans.

Then when McCain co-sponsored a bill to better regulate these entities, Frank and Rangle blocked it on the basis it was just a way for republicans to deny housing to the poor and minorities. No gentlemen, it was to deny mortgages to those that could not afford to pay them back to prevent what just happened.