Today, 95 Democrats and 133 Republicans voted against the bailout legislation before the House of Representatives. In an inaccurate and partisan shot, Rep. Barney Frank said, “The Republicans killed this.” Of course, Rep. Frank conveniently ignores the fact the the legislation was opposed by a significant number of Democrats as well. In 2003, when former Secretary of the Treasury John Snow argued in favor of regulatory reform to provide improved oversight of Fannie Mae and Freddie Mac, Rep. Frank said, “Fannie Mae and Freddie Mac are not in crisis.” Rep. Frank was obviously dead wrong.