A second camp consists of Democratic lawmakers who have long defended the companies against efforts to rein them in, and see them as a way to achieve the goal of providing more affordable housing.
This camp includes prominent lawmakers who lead committees with jurisdiction over Fannie and Freddie, including Senator Christopher J. Dodd, Democrat of Connecticut, and Representative Barney Frank, Democrat of Massachusetts.
Dodd has received $133,900 from Fannie and Freddie, more than any other congressman. Must be a coincidence that he wants to put things right back the way they were. (FYI, the next three top recipients were J Kerry, B Obama and H Clinton. B Frank received only $40K, ranking 16th, which only shows that Frank is your go-to-guy for bribery on a budget.)
The next paragraph is also a doozie:
While no lawmaker has yet offered a specific proposal on how to reshape the companies, [Dodd and Frank's] camp in general favors restoring them to health and then returning them to the way they were before they went into conservatorship, but with safeguards to prevent another crisis.Let me see if I've got this straight. Congress utterly failed to provide proper control the first time around, but this time they're going to get it right. They're going to put everything back just the way it was, and expect that things won't fall apart again. Do they not see that they're one step behind? The previous safeguards they came up with didn't work, so they'll think up some new ones that may prevent something that already happened. Because this time Congress will fix everything!!