Wednesday, December 15, 2010
On Blaming the Republicans Solely For the Financial Meltdown Part 5
This, folks, from former President Clinton (Good Morning America, 2008); "I think that the responsibility that Democrats have may rest more in resisting any efforts by Republicans or by me when I was President to put some standards and tighten up a little on Fannie Mae and Freddie Mac."............And these more recent quotes from Barney Frank; a) (2005) "This is not a dot com situation. We will not see a collapse that people see when we talk about a bubble." b) (2006) "Fundamentally, I don't think that there's a crisis." c) (2006) "We had a degree of meltdown in the housing field that very few people foresaw." d) (2008!) "I don't think that Fannie and Freddie are financially insolvent. I don't think that they need a large bailout."............Again, President Clinton seemingly much more willing to accept reality here (this, though, yes, Mr. Frank ultimately did fess up during the 2010 campaign).