Rick Santelli Rips Paul Kanjorski (D-PA) For Ignoring Fannie Mae and Freddie Mac Reform

Rick Santelli speaks out for the taxpayers! In the following video, Rep. Paul Kanjorski (D-PA) appears on CNBC and says that Fannie and Freddie are too complicated to address. Fannie and Freddie have now cost taxpayers $145 billion to bail them out, and the Democrats are ignoring the need to reform the GSEs. CNBC Rick Santelli fires back to Kanjorski: "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?" Paul Kanjorski ranked with Jack Murtha (now deceased) as democrats from Pennsylvania most needing replacement. The above head shot of Rep. Barney Franks and Paul Kanjorski brings to mind a myriad of thoughts concerning why Fannie Mae and Freddie Mac have remained unreformed and a constant source for ripping off the American taxpayers. Kanjorski has served on the Financial Services Committee since he entered Congress in 1985 and has helped Fannie and Freddie remain unreformed. PA-11 district has an opportunity in November to replace Kanjorski with fiscal conservative Lou Barletta.

Tags: CNBC, Rick Santelli Fannie Mae, Freddie Mac, Democrats, ignoring reform, Paul Kanjorski, PA-11, Pennsylvania, Lou Barletta To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. Thanks!