Democrats Coverup Fannie Mae and Freddie Mac Scandal in 2004

Our financial system is financially bankrupt because of bad loans and home mortgages made by the Fannie Mae and Freddie Mac scandal that bled into banks and investment firms around the country, which was being run and overseen by Democrats in Congress. This video shows hearings from the scandal that broke back in 2004, when the Fannie Mae and Freddie Mac were being investigated for illegal accounting practices. After watching this video is it clear who is responsible for the mess we have today that could cause our country to go into a 1929 depression. It is also clear it is not President Bush who is responsible, it is the Democrats that were overseeing Fannie Mae and Freddie Mac, and the black congressional caucus, of which Barack Obama was a member, that wanted the scandal to be ignored until it was too late.

FYI: This footage isn’t from Fox News.