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Here's an 8-minute video clip (using footage from actual Congressional hearings) which clearly highlights which political party was trying to pull in the reins on Freddie Mac and Fannie Mae and which political party had their heads stupidly, stubbornly in the sand.
(This is one of those just begging to sent around to friends, family, church members and others. My thanks to my brother Ric out in Denver who passed it along to me.)