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Incredible 2004 video of local Congressperson Maxine Waters saying, "We do not have a crisis at Fredie Mac, and in particular at Fannie Mae"
This video comes from the Republican hit machine, but Maxine Waters can only blame herself for what she said. She also endorsed 100 percent loans. Barney Frank looked no better. Link: http://www.youtube.com/watch?v=_MGT_cSi7Rs