Barney Frank: “The fact is that it was a Republican House that passed the bill the gentleman is denouncing, and I don't know why he…”

“The fact is that it was a Republican House that passed the bill the gentleman is denouncing, and I don't know why he keeps mentioning history and leaving that out until he has to be reminded. He did offer an amendment. He was overwhelmingly defeated. More than two-thirds of the Republicans voted against him. By the way, as to my own view, yes, in 2003 I said there was no problem. In 2004, after President Bush, while the Republicans controlled Congress and didn't hinder him, ordered Fannie Mae and Freddie Mac to increase their purchase of loans from people below the median, I changed my position. So I joined the Republican leadership of the House as a fairly minor player in supporting legislation. He was against it, and I would just make that point again.”