You didn't even read your own link!!!
""Sen. Richard Shelby (R., Ala.):[T]he federal government has [an] ambiguous relationship with the GSEs. And how do we actually get rid of that ambiguity is a complicated, tricky thing. I don't know how we do it.
I mean, you've alluded to it a little bit, but how do we define the relationship? It's important, is it not?""
"Sen. Robert Bennett (R., Utah): I think we do need a strong regulator. I think we do need a piece of legislation. But I think we do need also to be careful that we don't overreact.
I know the press, particularly, keeps saying this is another Enron, which it clearly is not. Fannie Mae has taken its lumps. Fannie Mae is paying a very large fine. Fannie Mae is under a very, very strong microscope, which it needs to be.... So let's not do nothing, and at the same time, let's not overreact."
I see two Republiclowns defending Fannie and Freddy and being very casreful about making changes. DUH
Fanny was created in 1938, and helped millions of Americans buy homes after WWII.
Freddie was created in 1970, under Nixon.
It wasn't until Bush destroyed the economy that people couldn't pay their mortgages.
Bush's own 'ownership society' policies made loans to people who shouldn't have gotten them.
It all starts and ends with Bush.
In spite of your illiterate attempts to show otherwise.
Here's the facts, dufus:
Here is a link where you can actually read the quotes from the Democrats when they were negotiating with the Republicans with outright lies to get no effective oversight of their Marxist CRA program that was an obvious failure in 2003:
Now, this will require that you think for yourself and draw your own conclusion about what the above facts mean:
In 2003 the Democrats supported Bush and the war in Iraq.
In 2003 the Republicans supported the Democrats' Marxist subnprime loan program.
Do you think there was a connection there?
Considering the fact that it was the Democrats' Marxist subprime housing loan program that collapsed our economy, what lessons do you think we should have learned from the above facts of history?
Now, "unfunded wars"....
Please tell us about the two different enemies in these supposed multiple wars.
Who was the enemy in each war?
And, please don't forget to tell us who started that ONE war.
And, you can congratulate our Armed Forces for a MISSION ACCOMPLISHED when they removed Saddam Hussien from power.
Now, go to this webiste and tell us about the annual deficits from the time the Arabs started that ONE war to January, 2007, when the Democrats took full control of all the purse strings of the government.
Then, tell us what the Democrats did to the deficit and total debt since.
You've seen this information so many times, it's impossible to speak with you and not call you a liar.