Posted by: arnegrim | January 4, 2011

FHFA implication

FINALLY!  A Democrat acknowledges that FHFA is part of the source of the housing crisis…

“…The Democrat in line to become the committee’s ranking minority member, Rep. Elijah Cummings, D-Md., acknowledged that Republicans are in control and can set the agenda…

…”Now it sounds like a how-do-we-attack-Fannie-Mae-and-Freddie-Mac hearing,” Cummings said. “I don’t see how you can have true oversight and true reform if you only look at one piece of the puzzle. I have no problem looking at Fannie Mae and Freddie Mac, but I know — and Congressman Issa knows — that’s not the only cause of the financial crisis.””

Now, if only they would agree that they should have to change instead of laying it all on the corporate sector.

BTW Mr Cummings… Democrats have already forced reform on the corporate sector… but totally ignored FHFA.


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