In my lifetime it has been the Republicans who come in after a Democrat president and clean up the mess they left. Country gets comfortable elect feel good Dems again who are left with a solid economy which they immediately start screwing up AGAIN.
Someone needs to explain to McCain that this mess was started by Bubba and his band of merry thieves.
AP/CNN/ABC/NBC/CBS/PBS/NPR....just one big ad for Barack Obama for President.
Republican John McCain, buffeted by criticism about his response to Wall Street's financial problems....
Translation of "buffeted" - the Obamessiah has spoken, and mocked McCain. The Media has dutifully repeated all that He hath spoken, making it their own words. (Think of Obama as Gladys Knight, and the Media as the chorus of Pips). This amounts to Universal Condemnation of McCain, and therefore the word "buffeted" is used to paint a false picture, as if he has made a major gaffe, gotten called on it, and is now the object of universal derision.
McCain also tried to counter Democratic rival Barack Obama...
Translation of "McCain tried to counter" === "McCain successfully countered"
I am not especially happy about McCain’s public criticism of Chris Cox, who I find, in general, to be a pretty good guy. I know his record as a conservative is solid.
However, in the particular case of FNM & FRE, IMO the SEC had an obligation during the time when these companies could or would not submit properly audited financial statements to 1: Force them to add to their trading symbols the suffix “E”, which is a specific suffix that designates companies who.....wait for it.....have not submitted proper financials. (I THINK it is “E”, I could be wrong, but there is a specific suffix for this precise situation of not having submitted financials) Thus, FNM would have become FNME and FRE would have become FREE (!) Well, it’s pretty close! and 2: To threaten them with delisting after some period of time.
ANY OTHER COMPANY ON THE FACE OF THE EARTH that had not submitted financials would have been given this suffix purely as a matter of course AFTER ONE QUARTER and would have likely been delisted after some period of time. FNM could not submit financials for 3 years IIRC.
So I do not think C. Cox is entirely blameless in this. In my view, the SEC has an entirely different mission than what most folks think they do. Sure, they get involved in enforcement actions from time to time but I believe their primary mission is the promotion of the stock exchanges.