Take a look at this video of Democrat Congress persons defending Fannie Mae and Freddy Mac from Republicans trying to regulate them. I wonder if Barney Franks and the others still think there is no problem with Fannie Mae and Freddy Mac. Notice how the black congresspeople defend those who promoted the no down payment, no doc loans. Of course they now blame Republicans for not imposing more regulations that they opposed. This is surreal.

http://www.youtube.com/watch?v=_MGT_cSi7Rs