Fact Check: "Obama tried to reign-in Freddie Mack and Fannie May in 2006"

Fox News | 10/6/08 | vanity

[pabianice]

Fact check needed. That red-haired Obama Suck-up is on Fox proclaiming that in 2006 Obama introduced legistation in the US Senate to rein-in and better control sub-prime loans backed by Fannie May and Freddie Mack. Can anyone corroberate this or is this just another Obama lie? (I also note that she looks rather distressed at the moment -- a result of today's wailing of Obama by McCain and Palin?)

[Cindy]

Video: "Barack Obama & Friends - Sean Hannity Special" (Added October 5, 2008)

Video: "Barack Obama & Friends - Sean Hannity Special - Part 2" (Added October 5, 2008)

Video: "Barack Obama & Friends - Sean Hannity Special - Part 3" (Added October 5, 2008)

Video: "Barack Obama & Friends - Sean Hannity Special - Part 4" (Added October 5, 2008)

Video: "Barack Obama & Friends - Sean Hannity Special - Part 5" (Added October 5, 2008)

Video: "Barack Obama & Friends - Sean Hannity Special - Part 6" (Added October 5, 2008)

Video: "Explosive Audio Unearthed: After the Sub Prime Crisis already started in 2007 Obama says Sub Prime Mortgages that gave houses to people WHO COULDN'T AFFORD THEM was a GOOD IDEA!!" (Added October 4, 2008)

Video: "The Obama Youth" (October 2, 2008)

Video: "Sing for Change For Obama, Our Dear Leader" (October 1, 2008)

[Post no. 12] - ARCHIVES - Topic: BIDEN & OBAMA (aka B & O) (October 6, 2008 -- Click Here.)

[Longstreet63]

McCain went on the senate floor on May 26, 2006 and tried to pass legislation to reign in Freddie and Fannie...the democrats didn’t let it out of committee...she’s confusing McCain’s action versus Obama’s inaction...

[Proud_texan]

"proclaiming that in 2006 Obama introduced legistation in the US Senate"

My memory is that the talking head asked what kind of legislation Obami had introduced that she said he "contacted Paulson" (or it might have been that he contacted the Treasury secretary). The talking head didn't follow up by asking if it was a letter, a phone call, something said on the floor, etc.

My impression was she had gone beyond spin and was outright lying.

[snarkytart]

The media confused? Nah..
Either that or she’s flat out twisting it knowing people won’t bother to check.

[gov_bean_ counter]

I don't think Obie has been the initial sponsor of any substantive legislation since joining the Senate.

[freekitty]

Oh yeah, right. Not

[papasmurf]

They’re all over the networks saying that Obama tried to reign it in in 2006, even personally requesting that Paulson hold a summit.

[queenkathy]

She also said that McCain said it was “above his pay grade”.....That was Obama. What are the dems up to? Twisting the words really bad here.

[AFreeBird]

Here's a tool for you. THOMAS Library of Congress search engine & database of legislative actions.

[guardian_of_liberty]

I believe she was refering to a letter barak sent to the treasury secretary, not any legislation.

[Dick Vomer]

[9YearLurker]

Didn’t Obama brag about having written a letter to Paulson about subprime lending (though probably the ‘predatory’ aspects of it) in 2006?

[Longstreet63]

I know...McCain introduced the legislation in May 2006 so I don’t know what this woman was talking about...

[Red Steel]

“FactCheck” is lying again...

[jennyjenny]

You saw her....she was quivering while spouting the bambi lie. These people are nervous. Very nervous.

[Proud_texan]

I think they've gone beyond twisting, I think they're down to outright lying.

Not that it hasn't been done before but I can't recall anything as bare and brazen as this time around.

[gov_bean_ counter]

I think he did claim to have written a letter, but provided no proof that the letter existed. Sorta like that US birth certificate thing.

[r9etb]

My memory is that the talking head asked what kind of legislation Obami had introduced that she said he "contacted Paulson" (or it might have been that he contacted the Treasury secretary).

Biden said in the VP debate that Obama wrote a letter to the Secretary of the Treasury. Wow ... that sure made a difference.

[Hanna548]

No, she tried to infer that by saying that Obama went to Paulson trying to get together a “summit” to address the issue, but it never happened.