Democrats Defend Fannie/Freddie from Regulation - 2004 Video

The video is about 8 minutes and 37 seconds. It clearly shows how the Democrats blocked efforts by Republicans to regulate Freddie Mac and Fannie Mae, despite evidence of crooked bookkeeping and warnings of the impending financial crisis we are facing today. Note Frank Raines, Obama's campaign finance director, in the thick of it.

Nancy Pelosi is lying when she says the Democrats have no responsibility for the current financial crisis. They actually caused it to happen by preventing the Republicans from stopping it. As the video demonstrates, it's a matter of public record. For anyone who is paying attention.