Economic Crisis?

Sen. Obama was in Golden Colorado this morning, decrying the "economic crisis" as a failure of the current administration. http://tinyurl.com/66wjlt Funny he didn't mention that the person in charge of the reform he so desperately wants is Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. According to Rep. Frank, ”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.” (September 11, 2003) The current administration was well aware of the pending crisis and tried to stop it, and guess who blocked any reform. Democrats.

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