Posted on 09/17/2008 9:50:32 AM PDT by fightinJAG
Thanks for the ping. I was just reading your thread. John Gibson is on the ball!!
O’Reilly acting like it is ‘bi-partisan’ scandel. I got news for him, the only reason that FM&FM gave any money to republicans, is so they can be ‘accused’ of wrongdoing too if the truth of the deeper democrats corruption came to light!
SAN DIEGO — The political push to bring mortgage giants Freddie Mac and Fannie Mae under tighter government regulation has lost its steam.
Congress is expected to adjourn for 2003 in a few weeks, and mortgage industry participants say lawmakers remain deeply divided on key elements of pending regulatory legislation.
[snip]
Regulators' authority. The administration proposal would give the new regulators at Treasury authority over new mortgage programs at the companies, which were chartered by Congress to provide a steady supply of low-cost capital for home finance. It would remove that role from the Department of Housing and Urban Development.
Democratic lawmakers say housing affordability programs could be sacrificed if the role is shifted from housing advocates at HUD to financial regulators at Treasury.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.