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Democrats protected Fanny Mae and Freddie Mac!


CofCC.org News Team

Nancy Pelosi went on a nasty diatribe blaming Republicans for the economic crises. However it was the Clinton administration that threatened banks with lawsuits if they didn’t lower their standards to give more mortgages to blacks. It was Democrats who protected Fanny Mae and Freddie Mac from investigations and new regulations that would have prevented the current economic crisis.

Even Bill Clinton has publicly admitted that Democrats protected Fanny & Freddie.