The sad recent past of Fannie and Freddie

This is the excellent and maybe only video that shows the hearings a couple of years ago, when Republicans wanted reform and regulation for the GSEs, but were opposed by Democrats, who ignored and hid the warning signs. Quotes:

“we do not have a crisis,”

“everything is just fine,” 

“just trying to fix something that isn’t broken,” 

“I get the feeling that the markets are not worried.”