Well, Bush tried to stop it in 2003 but the Democrats shot him down:
http://www.freerepublic.com/focus/news/2086850/posts?
And McCain tried in 2005, but the Democrats shot him down too:
http://www.freerepublic.com/focus/f-news/2086670/posts
Thanks for pointing me to the articles on Dubya’s and McCain’s
trys to bring FreddieMac/FannieMae back onto the rails.
I’d totally missed the initiative put forward by Dubya.
But the excerpt below should be part of any McCain adverts about
today’s debacle:
‘’
These two entities — Fannie Mae and Freddie Mac — are not facing any
kind of financial crisis,’’ said Representative Barney Frank of
Massachusetts, the ranking Democrat on the Financial Services Committee.
‘’The more people exaggerate these problems, the more pressure there
is on these companies, the less we will see in terms of affordable housing.
‘’
LOL!!! Barney, how’s that affordable housing thing working out now...
after you got your desired inaction to head off the mess!