This needs to be a TV ad in many battleground states, and this needs to part of McCain/Palin’s stump speech...like NOW!
I agree, and it grows worse, the current GSE “reform” proposal REQUIRES Fannie Mae to set up a low income housing trust fund, meaning the low income home buyers and the highest risks now will be grafted into the already destroyed Fannie Mae structure.
And that is July 2008 and Obama and Jack Reed are the two cheerleaders for that to happen.
The 2005 proposal basically would require Fannie to sell the risky mortgages and cap the amount of them they could take on, if that advice had been followed, we would not be on the hook for 500 BILLION dollars already.