Home » Congress » Bill Clinton on Fannie and Freddie, and the Debate

Bill Clinton on Fannie and Freddie, and the Debate

CHRIS CUOMO, ABC NEWS: A little surprising for you to hear the Democrats saying, “This came out of nowhere, this is all about the Republicans. We had nothing to do with this.” Nancy Pelosi saying it. She signed the ’99 Gramm Bill. She knew what was going on with the SEC. They’re all sophisticated people. Is that playing politics in this situation?

BILL CLINTON: Well, maybe everybody does that a little bit. I think the responsibility the Democrats have may rest more in resisting any efforts by Republicans in the Congress or by me when I was President to put some standards and tighten up a little on Fannie Mae and Freddie Mac.

And on President Bush’s speech:

The former president thought Bush’s address Wednesday night on the economic crisis had a “positive reaction”.

“I thought it was the clearest statement of why we’re in the fix we’re in, at least what the nature of it is and why some national action is needed,” Clinton said.

And on McCain suspending campaign activities (and perhaps the debate) to focus on the bill in Congress:

“We know he didn’t do it because he’s afraid because Sen. McCain wanted more debates,” Clinton said, adding that he was “encouraged” by the joint statement from McCain and Sen. Barack Obama.

Obama says call me if you need me because I’m busy with my own business of trying to get elected — don’t bother me with the financial meltdown of the country, I’m busy right now. McCain says deal with the crisis — country first, self-interests second.

Which characteristic do you want in a President?

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