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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
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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To: Bahbah

Was it posted as a thread or just a post within another thread?


21 posted on 10/11/2008 12:37:38 PM PDT by tsmith130
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To: tsmith130

I think it had its own thread.


22 posted on 10/11/2008 12:41:34 PM PDT by Bahbah (Typical white person-Snow white)
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To: bobsunshine

Too late to matter. McCain should’ve brought it up in the first debate. Instead he undermined his own preparation for the debate and looked like a dunce and got whaled for the first 30 minutes.


23 posted on 10/11/2008 1:15:42 PM PDT by DiogenesLaertius
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To: bobsunshine
Bring the letter to the next debate and make Obama show the people where his name is on it. Make Obama explain Raines. Make Obama explain ACORN. Make Obama explain Ayers. Enough debate, make Obama explain his associations and past votes. John needs to understand that the media nor Rats really care what solutions he proposes, they won't report it fairly, so he needs to go for all out and make Obama explain.
24 posted on 10/11/2008 2:27:02 PM PDT by tobyhill (If you don't give to the ghetto, the ghetto will take from you.)
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To: AdmSmith; Berosus; Convert from ECUSA; dervish; Ernest_at_the_Beach; Fred Nerks; george76; ...

“The Next Bubble: Priming the markets for tomorrow’s big crash”
Harper’s Magazine | February 2008 | Eric Janszen
Posted on 10/11/2008 12:52:04 PM PDT by truth_seeker
http://www.freerepublic.com/focus/f-news/2103281/posts

REZKO SINGING: OBAMA SWEATING?
rightwingnuthouse | Rick Moran
Posted on 10/11/2008 1:55:57 PM PDT by flyfree
http://www.freerepublic.com/focus/f-news/2103311/posts


25 posted on 10/11/2008 2:47:13 PM PDT by SunkenCiv (https://secure.freerepublic.com/donate/_______Profile hasn't been updated since Friday, May 30, 2008)
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To: bobsunshine; All
Sarah Palin said that she needs OUR help to get the MSM to report on the REAL issues. She’ll fight them, but she said she can’t do it alone. The article above is one of those issues! They need to know WE know about it. Please help Sarah take on the MSM by sending a link to this article to the media contacts below:

Rush Limbaugh: elrushbo@eibnet.com
Glenn Beck: me@glennbeck.com
Sean Hannity: hannity@foxnews.com
Mark Levine: offair@radioinsidescoop.com

The Drudge Report: drudge@drudgereport.com

Reuters: david.schlesinger@reuters.com
AP: info@AP.org
Scripps-Howard News Service, Jennifer Sergent (Washington Correspondent): sergentj@shns.com

Boston Globe: letter@globe.com
Boston Globe: ombud@globe.com
Chicago Sun-Times, Jack Barry (General Manager): jbarry@suntimes.com
Chicago Sun-Times, Michael Cooke (Editor in Chief): mcooke@suntimes.com
Christian Science Monitor, Feedback: http://www.csmonitor.com/cgi-bin/contactus.pl
Houston Chronicle, News tips/Editor: citydesk@chron.com
Investor's Business Daily, IBD Editorial Department: ibdnews@investors.com
Kansas City Star, Steve Kraske: skraske@kcstar.com
Media Matters for America, News Tips: mm-tips@mediamatters.org
Milwaukee Journal Sentinel, Richard Foster (Editorial writer columnist): rfoster@journalsentinel.com
New Republic, Editors: online@tnr.com
Wall Street Journal, Greg Hitt: greg.hitt@wsj.com
Washington Post: ombudsman@washpost.com
Washington Times, John McCaslin: jmccaslin@washingtontimes.com

PBS The News Hour with Jim Lehrer: newshour@pbs.org

CBS Face the Nation: ftn@cbsnews.com
CBS Sunday Morning: sundays@cbsnews.com
CBS 48 Hours: 48hours@cbsnews.com

FOX News Sunday: FNS@foxnews.com
FOX News Watch: Newswatch@foxnews.com
FOX & Friends: Friends@foxnews.com
FOX Your World with Neil Cavuto: cavuto@foxnews.com
FOX News Live w/ Jamie Colby: Jamie@foxnews.com
FOX Report w/ Shepard Smith: Foxreport@foxnews.com
FOX Special Report with Brit Hume: special@foxnews.com
FOX On the Record with Greta Van Sustern: ontherecord@foxnews.com

CNN Lou Dobbs: loudobbs@cnn.com
CNN Wolf Blitzer: wolf@cnn.com
CNN Campbell Brown: campbellbrown@cnn.com (just for fun)
CNN Anderson Cooper 360: 360@cnn.com

IMPORTANT: Be sure to add your name and town, they don’t pay attention to anonymous emails. They also don’t read mass emails, so be sure to send “BCC” if being done as a group, or just send them individually so it will look like it went only to them.

Light your torches, grab your pitchforks, and tell the MSM what America is REALLY thinking about. MAKE it the news. Your email account is your weapon, and this is war. So lock and load, and use your electronic Liberty Teeth! Help Sarahcuda, and FReep the MSM!


MAKE this the news!!!

26 posted on 10/11/2008 3:13:42 PM PDT by thatdewd (All that is necessary for the triumph of Evil is that good men do nothing.)
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To: thatdewd
Here is a copy of the letter signed by McCain and others :


27 posted on 10/11/2008 8:29:53 PM PDT by SeekAndFind
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To: SeekAndFind

Golly, where’s 0bama’s sig? It must be there somewhere....NOT!


28 posted on 10/11/2008 8:34:07 PM PDT by thatdewd (All that is necessary for the triumph of Evil is that good men do nothing.)
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To: bobsunshine

If Mccain had any smarts he would do like Rush did and place it on Ebay, raise some money for the RNC.


29 posted on 10/12/2008 7:11:39 AM PDT by pennboricua
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