The Dems on Freddie and Fannie - 5 years ago

The Wall Street Journal has put together a collection of quotes from Democrats from 2003 when they were blocking all attempts to try increase regulation of Freddie and Fannie. McCain and Bush were both trying to get more oversight in place.

Here's a precious example.

Rep. Frank: I do think I do not want the same kind of focus on safety and soundness that we have in OCC [Office of the Comptroller of the Currency] and OTS [Office of Thrift Supervision]. I want to roll the dice a little bit more in this situation towards subsidized housing. . . .

Read the whole thing.

Thanks to Betsy's Page for the pointer.