On Sept. 11, 2003, the Bush administration proposed to Congress a new agency under the Treasury Department to assume supervision of Fannie and Freddie, with authority to set capital-reserve requirements, veto new lines of business and determine whether the two quasi-government lenders were adequately managing the risk of their ballooning portfolios. Then Treasury Secretary John Snow almost begged Barney Frank to support Fannie and Freddie reform. Franks quote "These two entities Fannie Mae and Freddie Mac are not facing any kind of financial crisis. The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing." Many are familiar with the definition of a liberal One who will give the shirt off of someone elses back. Democrats obviously believe in affordable housing for their imagined victims. The vast majority of Americans, persist, watch their credit, work hard and pay their mortgages on time. The deadbeats, the largest constituency of the nanny-state Democrat Party, were given housing they couldn't afford, now Dems want the rest of us to pay off their defaulted mortgages. Joe Biden said in last Thursdays debate, these people should not only have renegotiated loans and lower rates but reduced principals. Karl Marx, Saul Alinsky, Bill Ayars, all the sixties hippies and flower children now in control of the Democrat Party are in REDISTRIBUTION heaven. See Barney Franks and other Dems own wordsYou Tube--Search Fannie Mae hearings Over 2 million recent views and rising rapidly. Keep spreading the word. Dont be discouraged by the angry attacks of nanny-state believers. Their insecurity makes them love government solutions and redistribution, and attempts to cover-up this Democrat scandal.