A look back at the root cause of the mess caused by Freddie Mac and Fannie Mae

This should be required viewing by all before they are allowed to vote.

Congressional hearings 2004 on Freddie Mac and Fannie Mae bad accounting practices.

FoxNews Timeline of events with quotes and video.

I know that facts sometimes get in the way of emotion and cause confusion in the minds of the brainwashed. But facts are facts.

700 billion…Do you believe in cooincedence?

The Clinton and Bush plans to increase minority home ownership may have been noble but…

Oct 15, 2002: …Fannie Mae responded by committing $700 billion in home financing to 4.6 million minority households through 2009. This increases by 66 percent the specific pledge Fannie Mae made in 2000 to minority families through it’s American Dream Commitment plan to provide $420 billion for three million minority families…

Interesting number in light of the bailout. Do you believe in coincidence?