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Youtube video of high ranking Democrats in 2004 saying Fannie Mae and Freddie Mac are in great shape and should not be regulated. The same high ranking Democrats - Maxine Waters and Barney Frank specifically - who are now in charge of writing the bailout bill. The same Democrats who are painting the undoing of Fannie and Freddie on McCain.

Not that this will ever get played by Katie Couric on her show. But you might want to take a look.

Fannie Mae and Freddie Mac are the root cause of this "crisis". The two organizations were nothing but graft machines for the Democrats. These organizations encouraged - at gunpoint - banks to lend money to people who had no business being lent to. And as this video shows, anyone who questioned the wisdom of this process was denounced by the Democrats as racist. Questioning if someone with no job, no assets and a 500 FICO score should get a $500K mortgage is racist, don't you know?

Wonder if anyone in the Kos-inspired MSM will bring any of this up? Probably right after they do a full expose on Obama and his ties to ACORN.