Hearing on Fannie and Freddie in Congress

While surfing the web, I came across this video posted on a radio station's website and clicked through until I got the original on youtube. Wow!!!

In 2004, the Democrats in the U.S. House of Representatives were basically saying that there was NOTHING wrong with Fannie Mae or Freddie Mac. And it's the Republicans warning us that there was real trouble coming.

Anyway, here it is.

Here are the full transcripts from which these video clips were taken:
TEXT | PDF