Thank WHO?

In one corner:
R Richard Baker - Louisiana
R Ed Royce - California
...we need to create a new regulatory structure
R Christopher Shays - Connecticut
R Don Manzullo - Illinois
...Fannie Mae understood the rules and chose not to follow them

Armando Falcon - Office of Federal Housing Enterprise Oversight (OFHEO) Director

D Bill Clinton, weighing in.

In the other corner:
D Maxine Waters - California
...trying to fix something that wasn't broke we do not have a crisis at Freddie Mac
D Gregory Meeks - New York
...nothing that was indicated that was wrong with Freddie Mac Fannie Mae
D Lacy Clay - Missouri
...says this is the political lynching of Franklin Raines
D Artur Davis - Alabama
D Barney Frank - Massachusetts
...I don't see anything in your report that raises safety and soundness problems

Franklin Raines - Fannie Mae - Chairman and CEO