To: fightinJAG
What happened next was extraordinary. For the first time in history, a serious Fannie and Freddie reform bill was passed by the Senate Banking Committee. The bill gave a regulator power to crack down, and would have required the companies to eliminate their investments in risky assets. Different World
If that bill had become law, then the world today would be different. In 2005, 2006 and 2007, a blizzard of terrible mortgage paper fluttered out of the Fannie and Freddie clouds, burying many of our oldest and most venerable institutions. Without their checkbooks keeping the market liquid and buying up excess supply, the market would likely have not existed.
But the bill didn't become law, for a simple reason: Democrats opposed it on a party-line vote in the committee, signaling that this would be a partisan issue. Republicans, tied in knots by the tight Democratic opposition, couldn't even get the Senate to vote on the matter.
2 posted on
09/22/2008 8:02:39 AM PDT by
fightinJAG
(Rush was right when he said: "You NEVER win by losing.")
To: fightinJAG
This is IT in a nutshell!
"IT'S THE FANNY MAE BAILOUT CRISIS, STUPID!"
The McCain campaign should PLASTER this message in all battleground states UNTIL NO 4th. If they do this, they win the election!
3 posted on
09/22/2008 8:05:26 AM PDT by
LibFreeUSA
(..)
To: fightinJAG
Very interesting article. OK, the investigation and resultant convictions should be cut & dry...a no-brainer so-to-speak.
What? The oligarchy has deemed this one TOO BIG TO INVESTIGATE?
5 posted on
09/22/2008 8:09:55 AM PDT by
PGalt
To: fightinJAG
WAY TO GO DRUDGE!!!
6 posted on
09/22/2008 8:10:56 AM PDT by
DRey
To: trumandogz
8 posted on
09/22/2008 8:23:14 AM PDT by
DJ MacWoW
(In VP's, McCain picked the future, Obama chose the past.)
To: fightinJAG
9 posted on
09/22/2008 8:31:33 AM PDT by
mnehring
(Maverick/Barracuda 2008)
To: fightinJAG
10 posted on
09/22/2008 8:37:49 AM PDT by
Obadiah
(I remember when the climate never changed, then Bush stole the election.)
To: fightinJAG
Well, I passed this on to some libtards in the hopes that they might see reason. Unfortunately, as soon as they see this at the bottom of the article, I'm sure they'll dismiss it as Republican propaganda:
Kevin Hassett, director of economic-policy studies at the American Enterprise Institute, is a Bloomberg News columnist. He is an adviser to Republican Senator John McCain of Arizona in the 2008 presidential election.
13 posted on
09/22/2008 8:54:26 AM PDT by
Scutter
To: fightinJAG
^5 to Drudge, Michael Bloomberg, Kevin Hassett...
McCain needs to spell out exactly what these maggots did to our financial system in ads until November 4, 2008.
Heads need to roll.
17 posted on
09/22/2008 10:09:38 AM PDT by
xtinct
(Suicide Hotline... !! "Obama here" --> Please Hold...)
To: fightinJAG
18 posted on
09/22/2008 10:39:25 AM PDT by
PogySailor
(Time to take down the MSM/DNC cartel)
To: fightinJAG
wHEN was it that the dems took back the conrol of the house and senate? Before or after this bill?
22 posted on
09/22/2008 11:49:38 AM PDT by
TomasUSMC
( FIGHT LIKE WW2, FINISH LIKE WW2. FIGHT LIKE NAM, FINISH LIKE NAM)
To: fightinJAG
Wait until you see the red of their eyes....and then UNLOAD
Think that JOHNNY McC. IS A TOUGH GUNFIGHTING MAN
24 posted on
09/22/2008 12:04:21 PM PDT by
Ulysse
(i)
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