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McCain Letter Demanded 2006 Action on Fannie and Freddie
Human Events ^ | October 10, 2008 | Staff

Posted on 10/11/2008 11:54:16 AM PDT by bobsunshine

Sen. John McCain's 2006 demand for regulatory action on Fannie Mae and Freddie Mac could have prevented current financial crisis, as HUMAN EVENTS learned from the letter shown in full text below.

McCain's letter -- signed by nineteen other senators -- said that it was "...vitally important that Congress take the necessary steps to ensure that [Fannie Mae and Freddie Mac]...operate in a safe and sound manner.[and]..More importantly, Congress must ensure that the American taxpayer is protected in the event that either...should fail."

Sen. Obama did not sign the letter, nor did any other Democrat.

(Excerpt) Read more at humanevents.com ...


TOPICS: Business/Economy; Extended News; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: 109th; 2006; congress; democrat; democrats; elections; fannie; fanniemae; financialcrisis; freddiemac; humanevents; mccain; mccainpalin; mccainrecord; obama; republican
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Copy of letter is shown in article
1 posted on 10/11/2008 11:54:16 AM PDT by bobsunshine
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To: bobsunshine

I hope the McCain campaign is making commercials...and, yes, I am a contributor.


2 posted on 10/11/2008 11:57:37 AM PDT by madameguinot (Liberal Ideology: Peace and Torture.)
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To: madameguinot

I agree. As a contributor I also want to see this put into a commercial with the important language highlighted and the letter should be available on the McCain/Palin website. This is good stuff and McCain needs to mention it every chance he gets.


3 posted on 10/11/2008 12:01:40 PM PDT by Abbeville Conservative (Sarah Palin, spaying and neutering the animals on the angry left)
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To: Abbeville Conservative

Didn’t you know...the Fannie and Freddie debacle was McCain’s fault because of deregulation???


4 posted on 10/11/2008 12:04:37 PM PDT by kimchi lover (Just another non-racist not voting for Obama)
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To: bobsunshine

What I’d like to see is a copy of the letter Obama claims to have sent someone warning about the Fannie/Freddie problem. He’s made that claim a couple of times and no one asks for proof.


5 posted on 10/11/2008 12:07:09 PM PDT by tsmith130
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To: bobsunshine

Libby sure has a pretty signature!


6 posted on 10/11/2008 12:12:56 PM PDT by Mamzelle
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To: bobsunshine

“2006?”

LOL!

McCain was public enemy #1 around here at that time!

Good to see folks are catching up with the Hawkman’s knowledge. If folks would have spent less time sniffing Fred “West Hollywood “ Thompson’s jock and taking an American hero seriously we would not be in this mess now.

Admittedly, we would probably still be in a different mess...


7 posted on 10/11/2008 12:13:45 PM PDT by Natchez Hawk (What's so funny about the 1st, 2nd, and 4th Amendments.)
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To: Natchez Hawk

Why hasn’t the campaign made this public. Are they afraid of insulting O ?


8 posted on 10/11/2008 12:16:46 PM PDT by fantom
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To: tsmith130

I have seen the letter, tsmith. Someone posted it here, though I can’t remember who.

What it had to do with was calling for some kind of “summit” (he likes that word) to keep people in houses that were being foreclosed on, and nothing to do with reining in Fannie and Freddie, if I recall correctly.


9 posted on 10/11/2008 12:18:14 PM PDT by Bahbah (Typical white person-Snow white)
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To: tsmith130
What I’d like to see is a copy of the letter Obama claims to have sent someone warning about the Fannie/Freddie problem.

He can't even produce a legitimate copy of his birth certificate.

10 posted on 10/11/2008 12:18:29 PM PDT by fellowpatriot
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To: bobsunshine

Here’s the question that needs answering. Obama Claims he sent letters to lots of department heads warning of the financial problems to come. Those documents need to be produced!


11 posted on 10/11/2008 12:19:13 PM PDT by FastCoyote (I am intolerant of the intolerable.)
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To: bobsunshine

_


12 posted on 10/11/2008 12:20:47 PM PDT by Lady GOP
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To: All

Email the copy of the actual letter to everyone!!!!


13 posted on 10/11/2008 12:21:44 PM PDT by Yaelle (One candidate fought America's enemies and one candidate owes all he has to America's enemies)
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To: FastCoyote

“Here’s the question that needs answering. Obama Claims he sent letters to lots of department heads warning of the financial problems to come. Those documents need to be produced!”

I saw one, think it was posted on FR. There was no warning in it except to say that his poor minority voters can’t be excluded from the scam.


14 posted on 10/11/2008 12:21:54 PM PDT by AuntB ( "During times of universal deceit, telling the truth becomes a revolutionary act." - George Orwell)
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To: Bahbah

That’s the way I remember Obama’s letter as well, Bahbah.


15 posted on 10/11/2008 12:23:25 PM PDT by AuntB ( "During times of universal deceit, telling the truth becomes a revolutionary act." - George Orwell)
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To: AuntB

Thanks, AuntB.

As usual, Obama is lying...yet again!


16 posted on 10/11/2008 12:25:04 PM PDT by Bahbah (Typical white person-Snow white)
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To: bobsunshine

A postscript to this type of usual
conveniently- discovered CYA letter could very well go on to say:

“We in Congress have already done all that we can to ramp up these no income verification subprime loans for our banking buddies by enabling a large influx of
illegal immigrants.”


17 posted on 10/11/2008 12:25:11 PM PDT by So Circumstanced
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To: fantom

For the life of me, I have no idea what they’re thinking.

I think events and the antics of Congress have made it impossible for them to get their message out—with a ‘little help’ from the MSM.


18 posted on 10/11/2008 12:25:42 PM PDT by Natchez Hawk (What's so funny about the 1st, 2nd, and 4th Amendments.)
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To: Natchez Hawk

If we had Fred Thompson as a candidate instead of the liberal McCain.....I suspect you’re right! We would NOT be in this mess right now.

Are you “The Hawkman”? Wow!

Have another cup of ego, schmuck.


19 posted on 10/11/2008 12:28:19 PM PDT by SoCalConservative
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To: SoCalConservative

OOOHHH so angry.

Take a chill pill, throw your feet up, and plop “Baby’s Day Out” in the VCR.


20 posted on 10/11/2008 12:34:53 PM PDT by Natchez Hawk (What's so funny about the 1st, 2nd, and 4th Amendments.)
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