Bush Proposed Fannie Mae / Freddie Mac Supervision In Sept 2003

New York ^ | Sept 11, 2003 | STEPHEN LABATON

[tallyhoe]

A September 11, 2003 New York Times article shows that President Bush proposed “the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.” His proposal: An agency within the Treasury Department to supervise mortgage giants Fannie Mae and Freddie Mac. Fearing that mortgages would no longer be available to people who were unable to pay them back, Democrats eventually killed the proposal. The current meltdown in the mortgage industry is a direct result of giving mortgages to people who could not pay them back, a practice protected by Congressional Democrats.

[tallyhoe]

The Democrats are trying to Blame Bush and the Republicans

[FlingWingFlyer]

Somebody needs to go after Franklin Raines’ ass and get our 90 million bucks back.

[BGHater]

They are both at fault. This is getting ridiculous.

[unspun]

Barney Frank, Chris Dodd, Barack ACORN Obama....

[1035rep]

"The current meltdown in the mortgage industry is a direct result of giving mortgages to people who could not pay them back, a practice protected by Congressional Democrats."

[Aria]

We need a mob with torches and pitchforks to decend on D.C.

They have flat out robbed us.

[farmer18th]

Wow. That one should be posted far and wide. (I don’t like Bush, but if he did that, he deserves credit.)

[FlingWingFlyer]

Yup! An now Raines is going to be able to do it again if Obammie is elected by the Obamanoids.

[Defiant]

Fearing that mortgages would no longer be available to people who were unable to pay them back, Democrats eventually killed the proposal.

Did I read that right?

[Chaguito]

And who, so far, is telling the American people this truth in a way they can understand?

Sadly, the entire congress is complicit in the destruction of my retirement nestegg, and, rhetoric aside, I don't see any masked men on white stallions on the horizon. Lots of good talk though.

[NormsRevenge]

Fearing that mortgages would no longer be available to people who were unable to pay them back, Democrats eventually killed the proposal. The current meltdown in the mortgage industry is a direct result of giving mortgages to people who could not pay them back, a practice protected by Congressional Democrats.

worth repeating over and over..

Fearing that mortgages would no longer be available to people who were unable to pay them back, Democrats eventually killed the proposal. The current meltdown in the mortgage industry is a direct result of giving mortgages to people who could not pay them back, a practice protected by Congressional Democrats.

..and over..

Fearing that mortgages would no longer be available to people who were unable to pay them back, Democrats eventually killed the proposal. The current meltdown in the mortgage industry is a direct result of giving mortgages to people who could not pay them back, a practice protected by Congressional Democrats.

no collateral, no tickie.. no tickie no laundry..

who’s been taking who to the cleaners for years?

we know who always get blamed for it, regardless solid facts in evidence to the otherwise.

[STARWISE]

Thank you for posting this!

The Party of Incompetence is always at the bottom of every major screw up.

[originalbuckeye]

But, but, but all the talking heads say it is Bush's fault! Wah! Wah!

[tallyhoe]

check out this article Dated Sept 11, 2008. http://www.bucksright.com/bush-proposed-fannie-mae-freddie-mac-supervision-in-2003-1141

[EagleUSA]

They have flat out robbed us.
:::::::::::
No doubt about it -— and it is not over yet. Radical government (mainly DemoRAT) corruption and malfeasance have brought this upon us. Bush tried to regulate/control FM and FM...and the DEMORATs stopped the effort....now look what we have. Now the scumbags that were hustling the institutions, are now “financial advisors” to Oba-Mao. Get the picture???

[Hattie]

Paging Ms Pelosi.

[Chaguito]

worth repeating over and over..

By whom to whom? The evidence is rock solid that this is a democrat debacle through and through, but the fear of losing an election, rather than saving a country, pervades the Republican cowards who infest the halls of government. So, the leftist demagogues win another round in the destruction of the most egalitarian econmomy the world has ever known.

You might discern that I have lost a substantial amount of retirement income in the last couple of days.

[tallyhoe]

In June 2008 Wall Street Journal reported that Franklin Raines was one of several politicians who received below market rates loans at Countrywide Financial because the corporation considered the officeholders “FOA’s”—”Friends of Angelo” (Countrywide Chief Executive Angelo Mozilo). He received loans for over $3 million while CEO of Fannie Mae. [5] Franklin Raines is currently one of Barack Obama’s chief economic advisers.

[fso301]

''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.''

[BookmanTheJanitor]

Wow. That one should be posted far and wide.

Maybe McCain can just read the article for his opening statement at the first debate.