It appears there is a major effort by the Republicans to pin the Freddie Mac/Fannie Mae debacle (and by extension the financial crisis) on the Democrats. The following video uses clips from a House committee meeting in 2004 where Democrats attack regulators and Republicans call for more regulation:
http://www.youtube.com/...
Of course, the clips chosen are one-sided. More disturbingly, all of the Democratic House committee members shown are African-American. And certainly there is no mention of Rick Davis or other Republicans receiving payments from Freddie/Fannie (or of the fact that Repubs controlled the House, Senate and White House in 2004). I can see this being spun as "Shiftless black people caused the financial crisis, which is taking money out of the hands of hard-working white people".