Senator Gillibrand

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Fannie Mae and Freddie Mac on the mind of Congress

In effect, The U.S. economy is the Titanic. We have just hit the iceberg that is the mortgage and financial crisis. The ship is being flooded by debt. But like the captain of the Titanic, Senate Democrats (Senators Gillibrand and Schumer among others) believe the ship cannot sink. They have decided to keep sailing on. They want to look at the hole in the ship, but do nothing about it.

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