Democrats to Blame for Fan, Fred Debacles, not Bush says Cramer

Jim Cramer of CNBC’s “Mad Money” appeared on the Comedy Central show on Monday.

Cramer said “I’d love to, but I can’t” pin the blame for the debacles at Fannie Mae and Freddie Mac on President Bush.

He noted that “the Democrats got a lot of campaign contributions from Fannie and Freddie and vice-versa. It was a big circle,” and that this is what enabled the two government-sponsored enterprises to continue “to lend to anybody.”

WATCH

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