"They get to take things out on poor people." "Let's be honest, the fact that some of the poor people are black doesn't hurt them either, from their standpoint."
Rep. Barney Frank (D-MA)House Financial Services Chairman
Not all Democrats agree with Barney:
"Like a lot of my Democratic colleagues I was too slow to appreciate the recklessness of Fannie and Freddie. I defended their efforts to encourage affordable home ownership when in retrospect I should have heeded the concerns raised by their regulator in 2004. Frankly, I wish my Democratic colleagues would admit when it comes to Fannie and Freddie, we were wrong."
Representative Arthur Davis of Alabama(D-AL) Member of the Congressional Black Caucus