McCain was sounding the alarm bell back in 2005. Why weren’t we listening?
Posted Wednesday, June 2, 2010 by admin
Remember in 2005 when McCain cosponsored legislation that would regulate ***** and Freddy’s mortgage buying requirements? Here’s the last paragraph of his announcement:
“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 was 2005!
McCain was sounding the alarm bell 3 years ago, but no one was listening.
The full announcement:
http://mccain.senate.gov/public/index.cf...
What was Obama doing while McCain was warning us about Freddy and *****? :
"Lehman Brothers’ collapse is traced back to Fannie Mae and Freddie Mac, the two big mortgage banks that got a federal bailout a few weeks ago. Freddie and Fannie used huge lobbying budgets and political contributions to keep regulators off their backs. A group called the center for responsive politics keeps track of which politicians get Fannie and Freddie political contributions. The top three U.S. Senators getting big Fannie and Freddie political bucks were democrats and number two is Senator Barack Obama."
In just four short years, Barack Obama has received more campaign money from ***** And Freddy than any other Senator except Chris Dodd, Chairman of the Senate Banking Committee, as reported by The Center for Responsive Politics, seen here at opensecrets:
http://www.opensecrets.org/news/2008/09/...
Opensecrets.org is the non-partisan Internet arm of The Center for Responsive Politics.
http://en.wikipedia.org/wiki/OpenSecrets...
Republicans have been leery of John McCain, but he got the surge right, back in 2003. Thank God the current administration finally listened to him. Once again, this time with the economy, McCain’s good judgment would have saved our ***** had we listened to him. John McCain blew the whistle on ***** and Freddy back in 2005, while Obama was getting his palm greased by the same group. There’s some good judgment you can believe in!
Thanks for sharing that, this is true talking about the ISSUES.
You are absolutely correct….all of the above. I don’t have a clue why no one was listening back then. If only……..
Because Democrats were too busy lining their pockets with Fannie Mae money, and buying votes by giving houses to the unqualified. Now we must ALL pay for it!
Because to many politicians were making money off of Freddie and Fannie.
I applaud you for doing some homework here.
Thank you!
Edit~ notice not one of them have made a comment to this. I just sent a reminder to the McCain Campaign team to make an ad with this in it.
Great homework!
Because the Democrats were banking the cash. Now that it is out in the open they want to try to say McCain did nothing about it. You can’t do anything if the Democratic Congress will not back anything a Republican tries to do and vice versa.
You have to work together and quit trying to ear mark everything.
This is our COUNTRY that is hanging in the balance.
” THe fundamentals of our economy are strong “… guess who said that?.
This guy should be better to stop talking about economy. he doesnt know s..t