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Title: McCain's Early Recognition of Fannie/Freddie Crisis View count: 73515 Rating: 4.763441 (186 ratings) Description: Bret Baier looks at how Sen. McCain and the Republicans recognized the Fannie/Freddie crisis with time to spare. Democrats like Barney Frank blocked the increased oversight, calling action unnecessary. Barney Frank: "Fannie Mae and Freddie Mac are not in a crisis situation." "The more people in my judgment exaggerate the threat of safety and soundness, the more people conjure up the possibility of serious financial losses to the treasury, which i do not see. I think we see entities that are fundamentally sound financially and withstand some of the disaster scenarios. Even if there were a problem, the federal government does not bail them out. But the more pressure there is, the less we see in terms of affordable housing." Tags: john, mccain, barack, obama, barney, frank, freddie, mac, fannie, mae, oprah, on, the, bubble, angry, video, game, subprime, finance, crisis, bailout, wall, street, main, Author: jaykest1 |
