 Frank was criticized by conservative organizations for campaign contributions totaling $ 42,350 between 1989 and 2008. Bill Sammon, the Washington managing editor for Fox News Channel, claimed the donations from Fannie and Freddie influenced his support of their lending programs, and said that Frank did not play a strong enough role in reforming the institutions in the years leading up to the Economic crisis of 2008. In 2006, a Fannie Mae representative stated in SEC filings that they "did not participate in large amounts of these non-traditional mortgages in 2004 and 2005." In response to criticism, Frank said, "In 2004, it was Bush who started to push Fannie and Freddie into subprime mortgages, because they were boasting about how they were expanding homeownership for low-income people. And I said at the time, 'Hey — (a) this is going to jeopardize their profitability, but (b) it's going to put people in homes they can 't afford, and they're gonna lose them. '"
