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Bush Proposed Fannie Mae / Freddie Mac Supervision In Sept 2003
New York ^ | Sept 11, 2003 | STEPHEN LABATON

Posted on 09/17/2008 10:01:15 PM PDT by tallyhoe

A September 11, 2003 New York Times article shows that President Bush proposed “the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.” His proposal: An agency within the Treasury Department to supervise mortgage giants Fannie Mae and Freddie Mac. Fearing that mortgages would no longer be available to people who were unable to pay them back, Democrats eventually killed the proposal. The current meltdown in the mortgage industry is a direct result of giving mortgages to people who could not pay them back, a practice protected by Congressional Democrats.

(Excerpt) Read more at query.nytimes.com ...


TOPICS: Breaking News; Business/Economy; Culture/Society; Government; News/Current Events; Politics/Elections
KEYWORDS: 109th; banksandmortages; barneyfrank; bushwasright; corruptdems; crooks; cultureofcorruption; demron; economicpolicy; fanniefreddie; fanniemae; federalregulation; franklinraines; freddiemac; housingbubble; jamiegorelick; johnmccain; nyt; presidentbush; sendodd
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To: tallyhoe

Why is this printed in the New York Times? They never print anything unless it is republicans fault.


121 posted on 09/18/2008 11:06:35 AM PDT by Steve Van Doorn (*in my best Eric cartman voice* 'I love you guys')
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To: tallyhoe

That’s right out of their playbook. They have been selling us out for so long. They really should be held accountable even if it means some jail time.


122 posted on 09/18/2008 11:12:02 AM PDT by freekitty (Give me back my conservative vote.)
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To: Defiant

Fearing that mortgages would no longer be available to people who were unable to pay them back, Democrats eventually killed the proposal.


Read it slowly, let your lips move to get the full flavor...........


123 posted on 09/18/2008 11:19:14 AM PDT by PeterPrinciple ( Seeking the truth here folks.)
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To: tallyhoe

Excellent work finding this.


124 posted on 09/18/2008 12:33:42 PM PDT by TheWasteLand
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To: 4woodenboats
If he's got proof that he tried to rein in F&F, WTF is he standing there taking all the blame like some damn pinata?

I'd say an article in the NY Times is proof enough -- or do you want something signed in blood?

As far as why he's taking blame, ask  John McCain, who said today that  "Two years ago I warned this Administration and Congress that regulations for our home loan agencies, Fannie Mae and Freddie Mac, needed to be fixed…"

So where was McCain five years ago?

And no, I'm not a troll, and I wouldn't vote for Obama if my life depended on it.  Let's just say I'm sick of the "bipartisan" BS and distortion of history.

125 posted on 09/18/2008 1:09:16 PM PDT by browardchad
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To: browardchad

McCain’s advisors are just now getting him unstuck from the post-partisan label he has been characterised with.


126 posted on 09/18/2008 1:33:22 PM PDT by Old Professer (The critic writes with rapier pen, dips it twice, and writes again.)
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To: rwfromkansas

Good. I’m glad to hear it.

Do you know where he was when he made this statement? Did he have a large audience?


127 posted on 09/18/2008 1:41:25 PM PDT by keats5 ("I hope for his sake, Joe Biden got that VP thing in writing."- Rudy)
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To: farmer18th

These are the specific portions of your post that make a Republican doubt your loyalties “”....George Bush has sent our boys to die in Iraq to create an Islamic republic....... I don’t trust GWB as being the author of anything sensible. “”

And this quote belongs to someone else, not me: “”No. I think he’s a lawyer and a comedian; two professions where total honesty, strict accuracy, and unbiased presentation are not regarded as essential in presenting a point of view. “”

And yes, the GWB federal spending spree has been another step away from the Republican ideal, towards Socialism. I never said I liked it, and I cringe every time he adds another hand-out, pass-out program. His failure to use the veto pen is a historical anomaly in itself.

But, I don’t criticize or condemn his choice of Iraq to fight the central war against islamic jihadist and terrorism. (If the CIC wanted to see our guys die, he could have put them on a bus and sent them to the ‘Community Organizer-Obama’s’ home turf in Chicago, since it boast a higher death rate than the Iraq War. The surge worked and GWB should have listened to McCain when he advised this troop increase in 2004.

[


128 posted on 09/18/2008 1:46:50 PM PDT by Gemsbok (CIC means Commmander-in-Chief,....NOT CommunityOrganizer-in-Chief, NOT Comrad-in-Chief)
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To: keats5

campaign rally in Iowa today. Not sure about the audience though, but there was another thread on it


129 posted on 09/18/2008 1:50:59 PM PDT by rwfromkansas ("Carve your name on hearts, not marble." - C.H. Spurgeon)
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To: Gemsbok
But, I don’t criticize or condemn his choice of Iraq to fight the central war against islamic jihadist and terrorism...

Nor would I, if we hadn't spent our boys blood to create an Islamic republic. We were used as mercenaries in war between Islamic sects. (see my tag line). If we had demanded religious freedom and use of their oil for a century, in order to pay the price, it would have been sensible. If we had fought WWII after GWB's methods, we would have liberated Germany to re-install facism. Islam IS terrorism.
130 posted on 09/18/2008 1:54:20 PM PDT by farmer18th (Iraqi Nation Building GWB-Style: "No law that contradicts.. Islam may be established")
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To: farmer18th
Most ignorant post of the day award.

Most childish tagline of the month award.

131 posted on 09/18/2008 2:41:31 PM PDT by 4woodenboats (***NEVER FORGET*** - Our Marines, Sailors & Troops are still fighting and need our support***)
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To: 4woodenboats

Mr. Woodhead. The tag-line was penned by GWB. Our boys died for an Islamic republic. Those are the facts. Deal with them.


132 posted on 09/18/2008 2:49:47 PM PDT by farmer18th (Iraqi Nation Building GWB-Style: "No law that contradicts.. Islam may be established")
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To: GraniteStateConservative

Nope they blocked it from getting out of committee! With the help of liberal or Moderate Rino’s


133 posted on 09/18/2008 4:37:06 PM PDT by tallyhoe
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To: farmer18th
Nor would I, if we hadn't spent our boys blood to create an Islamic republic. We were used as mercenaries in war between Islamic sects.

Still believe the Drive-By civil war BS, don't you.

BTW most of our blood spilled in Iraq was spilled fighting Al Qaeda.

134 posted on 09/18/2008 4:38:29 PM PDT by FreeReign
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To: browardchad

McCain was talking about this in 2003 and 2005!


135 posted on 09/18/2008 4:38:33 PM PDT by tallyhoe
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To: farmer18th
"No law that contradicts.. Islam may be established")

Some more stuff in the Iraqi Constituion.

There's a lot more too.

136 posted on 09/18/2008 4:46:25 PM PDT by FreeReign
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To: TitansAFC; meandog; onyx; MARTIAL MONK; GulfBreeze; Kuksool; freespirited; Salvation; furquhart; ...
The McCain List.

Courtesy ping

137 posted on 09/18/2008 5:08:47 PM PDT by Norman Bates (Freepmail me to be part of the McCain List!)
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To: Norman Bates

I posted this the other morning.

http://www.freerepublic.com/focus/f-news/2083520/posts


138 posted on 09/18/2008 5:13:08 PM PDT by Perdogg (Sen Robert Byrd - Ex community organizer)
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To: Norman Bates

bttt


139 posted on 09/18/2008 8:40:56 PM PDT by 1035rep
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To: Grampa Dave

Thanks grampa, they really make me sick.


140 posted on 09/18/2008 8:51:03 PM PDT by 1035rep
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