2004 VIDEO http://www.dailymotion.com/video/kO4FPQvr53198rMzfe Video don't lie. Thank you democrats for not listening to republicans who wanted more oversight of these two organizations! Maxine Waters (D), praises Fannie and Freddie for meeting their "affordable housing" mission. 1/3 of defaulted mortgages in the US are to illegal aliens and other economically challenged groups who simply didn't have the means to own a home and had no "right" to qualify for a mortgage-google community reinvestment act..a vote buying scheme. Barney Frank, (yes, unfortunately, he's still around), said Freddie and Fannie were fiscally sound and needed no further regulation. Hey, don't let the facts and video get in the way of the truth. One of these days, I'll find the video I had of Democrats who supported military action against Iraq when President Clinton was in office....weapons of mass destruction was a common term used by the democratic hawks back them...how soon and easily we forget.