Rep. Kanjorski (D-PA) says Fannie & Freddie “too complicated” to reform

CNBC’s Rick Santelli Rips Key Democrat For Ignoring Fannie/Freddie Reform
Dems’ Financial “Reform” Leaves Taxpayers on the Hook for Government Mortgage Giants

Washington, May 11 - Follow @GOPLeader on Twitter for updates.

Democrats still don’t get it, and they refuse to reform Fannie Mae and Freddie Mac, the government mortgage companies that sparked the meltdown by giving high-risk loans to people who couldn’t afford it.   Standing up for American taxpayers, CNBC’s on-air editor, Rick Santelli teed off on Rep. Paul Kanjorski’s (D-PA) claim that Democrats’ couldn’t reform Fannie & Freddie in their financial regulation bill because it was “too complicated,” asking: “It’s too complicated?  You think taxpayers that go to work to pay the money you are subsidizing, it will end up a half a trillion, do you think they think complicated is an excuse?”