[VRWCmember]

Among the groups denouncing the proposal were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing.

"These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis," said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. "The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."
Source: NY Times: September 11, 2003 New Agency Proposed to Oversee Freddie Mac and Fannie Mae

[Rodm]

Please make this NY Times article a post. I think it’s critical this information gets out.

[NoLibZone]

WOW!

So Bush and MCCain DID try to avert this disaster 6 years ago!

And Barney Fag and Fageets stopped them.