Read the Bills Act Coalition

Wednesday, May 12, 2010

CNBC’s Rick Santelli Rips Key Democrat For Ignoring Fannie/Freddie Reform

From House Republican Leader John Boehner's Leader Alert: Democrats still don’t get it, and they refuse to reform Fannie Mae and Freddie Mac, the government mortgage companies that sparked the meltdown by giving high-risk loans to people who couldn’t afford it. Standing up for American taxpayers, CNBC’s on-air editor, Rick Santelli teed off on Rep. Paul Kanjorski’s (D-PA) claim that Democrats’ couldn’t reform Fannie & Freddie in their financial regulation bill because it was “too complicated,” asking: “It’s too complicated? You think taxpayers that go to work to pay the money you are subsidizing, it will end up a half a trillion, do you think they think complicated is an excuse?”
Read more Here: CNBC’s Rick Santelli Rips Key Democrat For Ignoring Fannie/Freddie Reform | Republican Leader John Boehner