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Bush Called For Reform of Fannie Mae & Freddie Mac 17 Times in 2008 Alone... Dems Ignored Warnings
Gateway Pundit | September 21, 2008

Posted on 09/22/2008 12:22:43 AM PDT by Zakeet

For many years the President and his Administration have not only warned of the systemic consequences of financial turmoil at a housing government-sponsored enterprise (GSE) but also put forward thoughtful plans to reduce the risk that either Fannie Mae or Freddie Mac would encounter such difficulties. President Bush publicly called for GSE reform 17 times in 2008 alone before Congress acted.

Unfortunately, these warnings went unheeded, as the President's repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those who emphatically denied there were problems.

The White House released this list of attempts by President Bush to reform Freddie Mae and Freddie Mac since he took office in 2001.

Unfortunately, Congress did not act on the president's warnings:


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: cap; demron; dodd; economy; fanniemae; frank; freddiemac; govwatch; housing; housingbubble; mediabias; missinglink; msm; treasury
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To: Zakeet

A musical interlude for this madness...

http://www.youtube.com/watch?v=FmBDIj2fbB8&feature=related

...politicians/morticians BUMP!


81 posted on 09/22/2008 6:56:50 AM PDT by PGalt
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To: Seattle Conservative

GREAT POST BUMP!


82 posted on 09/22/2008 8:37:51 AM PDT by Pagey (Sarah Palin has Mayoral AND Governors' Experience---B. Hussein Obama has NEITHER!!!!! LOLOL)
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To: library user; trumandogz
Interesting, considering that in 2002 President Bush Promised 440 Billion Additional Dollars for Freddie and Frannie mortgages for minorities.

He was duped.

LOL!

Did the dope get roped?

How did this happen?

This is the guy that had a secret plan and super strategy for everything according to what is left of his fans.

And now that the economy is cartwheeling down range, you're saying Bush was duped?

This crap is so deep one needs snow shoes...

If truth were a 50,000 ton ball of silver, ya couldn't find it here with a metal detector.

83 posted on 09/22/2008 8:48:17 AM PDT by dragnet2
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To: Zakeet

This is part of the outrage I was feeling yesterday!


84 posted on 09/22/2008 3:22:44 PM PDT by Salvation ( †With God all things are possible.†)
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To: Pagey

Thanks!


85 posted on 09/23/2008 8:33:49 PM PDT by Seattle Conservative (God Bless and protect our troops and their CIC)
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To: Zakeet
Everyday that this crisis lingers on, many more people are learning that Bush called for reform.

Here's a google search Google search on: bush 17 times reform "fannie mae"

Results: about 731,000

86 posted on 09/26/2008 4:57:27 AM PDT by syriacus (Under Bush, Dems controlled the Senate for MOST of the 107th Congress and for ALL of the 110th)
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To: syriacus

I read somewhere that every time someone clicks on google, it puts advertising $ to democraps.


87 posted on 09/26/2008 5:03:35 AM PDT by anglian
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To: anglian
Thanks for the idea. I tried Yahoo's search and got even more hits.

1,280,000 results for: Bush 17 times reform "Fannie Mae"

88 posted on 09/26/2008 5:15:33 AM PDT by syriacus (Under Bush, Dems controlled the Senate for MOST of the 107th Congress and for ALL of the 110th)
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To: Zakeet
bttt

Cordially,

89 posted on 09/26/2008 5:26:52 AM PDT by Diamond (</O>)
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To: syriacus
Bush asked for education of the low-income homebuyers [housing counseling; what housing is possible, what to avoid; how to avoid unscrupulous lenders]

On June 17, 2002 Bush said:

And so, therefore, education is a critical component of increasing ownership throughout America. Financial education, housing counseling, how to help people understand that there are unscrupulous lenders. And so one of the things we’re going to do is we’re going to promote education, the education of owning a home, the education of buying a home throughout our society...

The Neighborhood Reinvestment Corporation will dramatically expand financial and home buyer education efforts to 380,000 minority families.

We’re beginning to use the Internet better, so that realtors all across the country will be able to call up programs all designed to help minority home buyers understand what’s available, what’s possible, and what to avoid.


90 posted on 09/26/2008 5:40:50 AM PDT by syriacus (Under Bush, Dems controlled the Senate for MOST of the 107th Congress and for ALL of the 110th)
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To: PGalt

Thanks for that. Pre-”fly like an eagle” Steve Miller Band is always a treat, and was much needed amongst the haste and noise on this thread.


91 posted on 09/26/2008 6:36:57 AM PDT by murdoog (http://babydoc3.livejournal.com)
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To: igoramus08
RNC needs to make an ad. Since 2001, Republicans have repeatedly called for housing government-sponsored enterprise (GSE) reform. Each time Democrats in Congress emphatically denied there were problems. In 2005, Senator John McCain partnered with three other Senate Republicans to reform the government’s involvement in lending. Democrats blocked this reform, too. Not only did democrats not act on these warnings but Barack Obama put one of the major Sub-Prime Slime (Pritzer) on his campaign as finance chairperson.

I totally agree. We need to get this out. Has Hannity, Rush etc. broad casted this? Do they understand that the Republicans tried to prevent this over and over but the Dems stopped the progress? I think the Dems wanted things to fail so they could blame the Republicans and Bush.

92 posted on 09/26/2008 3:34:46 PM PDT by Bellflower (A Brand New Day Is Coming!)
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