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Gambling Barney Frank Bankrupts Fannie Mae/Freddie Mac
WASHINGTON D.C. --
Barney Frank, the pro-internet gambling advocate from the financial services committee, has apparently backed policies that bankrupted Fannie Mae and Freddie Mac. As you know, Barney Frank has spent much of his time in the past 2 years advocating the legalization of internet gambling, an issue that has gained little traction among his fellow Democrats. Several Republicans have backed his internet gambling legalization platform.
When the Democrats took over the House of Representatives and the Senate back in January of 2007, the Dow Jones Industrial Average was at an all-time high of 12,400 and gas prices hovered around $2.15 per gallon. The Republican-led Congress of the previous 4-years had left a strong-economy in the hands of Socialist Democrats.
Fast-forward two years, under Democrat-controlled Congress. Just last week the Dow Jones hit a 5-year low of 10,485 and gas prices loomed near $4 dollars a gallon.
These harmful economic events all took place during a Democrat controlled Congress in Washington, led by Harry Reid and Nancy Pilosi.
As Washington politicians consider an 800 billion dollar supplement, American citizens sit back and watch the government spend their hard-earned dollars on bail-outs.
Barney Frank, in his role as Chairman of the Financial Services Committee, sits at the center of the problem.
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