Posts by blhblhblh

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  • McCain was aware of Fannie/Freddie problem in 2006

    09/16/2008 8:58:51 PM PDT · 16 of 59
    blhblhblh to nobamanada

    http://www.opensecrets.org/news/2008/09/update-fannie-mae-and-freddie.html
    Obama, Barack $126,349

    Note: This tracks 20 years of contributions. The O made it to Number 2 on the list with only 3 years effort. He does have SOME skills.

    Pelosi, Reid, and Kerry show up high on the list also.

  • McCain - Federal Housing Enterprise Regulatory Reform Act of 2005 (Democrats blocked reform)

    09/16/2008 8:51:34 PM PDT · 35 of 47
    blhblhblh to Rodm

    This is a big deal.
    O is pushing his expertise on the economy, and Mc saw this problem back in 2006.

    Why is this not getting more coverage?

  • McCain was aware of Fannie/Freddie problem in 2006

    09/16/2008 8:42:34 PM PDT · 1 of 59
    blhblhblh
    McCain Tried to introduce regulation over Fannie/Freddie back in 2006:

    FEDERAL HOUSING ENTERPRISE REGULATORY REFORM ACT OF 2005

    The United States Senate

    May 25, 2006 Section 16

    McCain is qouted: "For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac--known as Government-sponsored entities or GSEs--and the sheer magnitude of these companies and the role they play in the housing market. OFHEO's report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO's report solidifies my view that the GSEs need to be reformed without delay.

    I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole."

    This strikes me as a pretty big deal. Obama is ridiculing the idea of Mc regulating this mess, and in fact Mc saw the problem in 2006 (maybe earlier).

    Meanwhile, O has 2 former CEO of Fannie/Freddie as economic advisors, and is a major recipient of campaign contributions