Flashback: Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam

The current economic crisis is largely rooted in the Fannie Mae and Freddie Mac scam. In this 2004 video, Republicans are expressing concern about problems at Fannie Mae and Freddie Mac and calling for action. Democrats are in complete denial and attack critics. These same democrats will be in charge of your health care if the House passes the Senate version of Obamacare.



H/T The Jawa Report.

$400 Billion Down the Toilet

That swirling sound you hear is $400 billion going down the toilet. US Taxpayers are going to lose $400 billion on the bailout of Fannie Mae and Freddie Mac. Exactly what did taxpayers get for this bailout?

Dec. 31 (Bloomberg) -- Taxpayer losses from supporting Fannie Mae and Freddie Mac will top $400 billion...