From who did Obama "inherit" the economic mess?

[Jim in CT]

Spence, when the GOP proposed the bill to regulate Fannie and Freddie, here is what senator John Mccain said in support of the bill...

"If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.”

Here is the link...

The Squeaky Wheel: S. 190 - “Federal Housing Enterprise Regulatory Reform Act of 2005”

Here was Barney Frank's response to the proposed bill:

""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."

Here is a link...

Barney Frank's Fannie and Freddie Muddle - Sam Dealey (usnews.com)

And Barney Frank gets re-elected over a brilliant patriotic hero like Sean Bielat!! Kudos to the voters in Frank's district...