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Friday, April 09, 2010

Democrat Support Prevented Fannie Mae Reform, Says Commission

A Financial Crisis Inquiry Commission admits that it was "political support" (read: Democrat support) that "helped thwart efforts to reform the two companies before losses forced the government takeover in September 2008, Armando Falcon Jr. and James Lockhart said in remarks prepared for a Financial Crisis Inquiry Commission hearing in Washington today."

Shocker.