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New Agency Proposed to Oversee Freddie Mac and Fannie Mae (September 2003)
NY Times ^ | September 11, 2003 | By STEPHEN LABATON

Posted on 09/16/2008 8:34:50 AM PDT by Perdogg

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Bush wanted this and the Dems said no.
1 posted on 09/16/2008 8:34:50 AM PDT by Perdogg
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To: Perdogg

WE DON’T NEED ANOTHER AGENCY. PUT PEOPLE IN JAIL INCLUDING OUR GOVERNMENT STOOGES!!!!


2 posted on 09/16/2008 8:37:44 AM PDT by subterfuge (BUILD MORE NUCLEAR POWER PLANTS NOW!!!)
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To: Perdogg

What about an investigation and jail time for the culprits? That’s what is needed, not government.


3 posted on 09/16/2008 8:38:09 AM PDT by devistate one four (H I V Homophobia Is Vindicated)
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To: subterfuge

read


4 posted on 09/16/2008 8:38:19 AM PDT by snarkytart
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To: Perdogg

Sell off the portfolios and shut them down.

Get the government out of the private finance business!

Freddie and Fannie are just vehicles for congressional back-door wealth redistribution by using them to finance bad loans guaranteed by taxpayers.


5 posted on 09/16/2008 8:43:31 AM PDT by Iron Munro (The Alaskan landscape is littered with the bodies of those who have crossed Sarah Palin)
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To: snarkytart

Yes, the Dems dragged their feet on this one. When Shelby chaired the Senate Banking Committee, they made progress. But when the Dems won the Senate back, the corrupt Chris Dodd stalled all progress. Look at Fannie Mae’s contributions to Chris Dodd!

In “defense” of Fannie and Freddie, Bear Stearns, Lehman Bros (aka, Lemur Bros), Merrill Lynch and AIG have all crashed or are crashing and have nothing to do with Fannie and Freddie.

The Repubs screwed up by focusing so intently on F&F that their own “friends,” BS, Lehman, ML and AIG, were allowed to become dangerous (a systemic risk).

So, while I agree with Mike Church and others that government should not be in the mortgage market, government should not be in mortgage market through bailouts of Wall Street firms either.


6 posted on 09/16/2008 8:44:30 AM PDT by whitedog57
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To: Perdogg

Is anyone reading the date on this?

2003 folks!!!


7 posted on 09/16/2008 8:44:54 AM PDT by zek157
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To: Perdogg
Yeah, that's the answer! Why didn't we think of it?

More government! That always solves the problem.

Only tool is a hammer... you know the rest.

8 posted on 09/16/2008 8:45:57 AM PDT by TChris (Democrats: Where are we going? ...and why am I in this handbasket?)
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To: Perdogg
Among the groups denouncing the proposal today were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing.

''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''

Representative Melvin L. Watt, Democrat of North Carolina, agreed.

---------------------------------------------------

THIS WILL NOT SEE THE LIGHT OF DAY-REPUBLICANS ARE TOO INEPT TO USE IT. CARVILLE WOULD BE ON EVERY NEWS SHOW WAIVING A COPY OF THIS ARTICLE

9 posted on 09/16/2008 8:53:18 AM PDT by icwhatudo
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To: Perdogg

BUMP!!


10 posted on 09/16/2008 8:54:47 AM PDT by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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To: Perdogg

BUMP!!


11 posted on 09/16/2008 8:55:04 AM PDT by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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To: Perdogg

Mr. Bush, what other damage will you accomplish before leaving office?

As a very wise woman recently said, “government is the problem, not the solution”. Your legacy? Ushering us into the New World Order! No doubt the former American people will paste huge photographs of you all over the country, and you will take your place beside Lenin and Mao.


12 posted on 09/16/2008 8:58:14 AM PDT by Paperdoll (Duncan Hunter for Secretary of Defense!)
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To: subterfuge
PUT PEOPLE IN JAIL

Yep. Audit them, find out who deliberately cooked the books. Wishful thinking. Certain people, like Gorelick, seem untouchable. They must know where too many bodies are buried.

13 posted on 09/16/2008 9:00:43 AM PDT by FlyVet
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To: Perdogg

Great find!

Everyone-lets email this out to at least 3 media types/bloggers. I just sent it to Drudge, Malkin, and my local talk radio guy. Please help get this out there!


14 posted on 09/16/2008 9:02:55 AM PDT by icwhatudo
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To: Perdogg

which criminals from the senate will be in charge of this one?


15 posted on 09/16/2008 9:07:11 AM PDT by WOBBLY BOB (Conservatives are to McCain what Charlie Brown is to Lucy.)
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To: subterfuge

PUT PEOPLE IN JAIL
///////
x ACT LEEEEEEEE

It like adding more police without the power to even arrest anyone.

Hell, how many federal employees do we have allready?


16 posted on 09/16/2008 9:07:57 AM PDT by TomasUSMC
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To: FlyVet
You are so right about Gorelick. She must know where a lot of bodies are buried.

She had no experience when she was appointed to Fannie Mae and left with 26 million in her pocket. She's a big buddy of Robert Steel (Chairman of the Board of Trustees at Duke and now heading up Wachovia) and she's now defending Duke in the lacrosse case. As soon as she makes her millions there she'll move on to the dismantling of Wachovia.

17 posted on 09/16/2008 9:09:54 AM PDT by ladyjane
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To: Perdogg

>> Bush wanted this

Another damned government agency full of incompetent lazy bureaucratic sh!theads — with full benefits and guaranteed cushy pension no doubt. Wonderful.

I thought Republicans were in favor of LESS government?


18 posted on 09/16/2008 9:11:25 AM PDT by Nervous Tick (I've left Cynical City... bound for Jaded.)
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To: TomasUSMC

In China these guys would get a bullet in the brain, and their estate would be charged for the price of the bullet.


19 posted on 09/16/2008 9:11:28 AM PDT by dfwgator
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To: icwhatudo
You're exactly right. Giuliani did a great job slamming Obama on Sunday morning. He dared say the name Alinski when describing Obama's lack of success as a community organizer.

He'd be the perfect attack dog to wave this article around. The Repubs need to jump on stuff like this.

20 posted on 09/16/2008 9:16:46 AM PDT by FlyVet
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