[RDasher]

I am a McCain / Palin Supporter... but How could Bush complain about Freddie and Fannie and do this at the same time?

[usshadley]

your vote counts in the good ole USSA

[StrategicCorporalUSMC]

“I am a McCain / Palin Supporter... but How could Bush complain about Freddie and Fannie and do this at the same time?”

Looking back to two speeches in 2002 ignores the multiple calls for greater oversight and regulation of the GSEs in 2003, 2005 and 2007.

Could it be that there was a proposal from the administration to do this without committing fraud? Could it be that the GSEs were operating with a capitalization of only 2% when banks hit 4% they are in trouble? Could it be that Freddie and Fannie were out of control paying bonuses to executives well over 100% of base salary while driving the company into the ground?

A policy speech is not the same as blocking attempts to regulate, and add oversight. Let’s quit this handwringing bullsh*t and focus the blame on the corrupt politicians that were in the pockets of Fannie and Freddie.

[avacado]

"I am a McCain / Palin Supporter... but How could Bush complain about Freddie and Fannie and do this at the same time?"

Because Bush, unlike the Democrats, pushed proposals for oversight of Fannie Mae and Freddie Mac so that these types of loans would go to worthy buyers.