[markomalley]

a pox on all of them.

[uncbob]

he Republican accused Barack Obama of taking a hike while McCain and other lawmakers pushed for reform in 2005. McCain’s ads, meanwhile, try to tar the Democrat with associations with Fannie’s ex-CEOs. Obama was ready. “Let’s, first of all, understand that the biggest problem in this whole process was the deregulation of the financial system,” he said, and then noted how McCain “bragged about the fact that he is a deregulator.” Another touche was on McCain’s campaign manager’s lobbying firm getting Freddie Mac money — $15,000 a month almost until the government takeover.

McCain needs to counter this How?

[ReleaseTheHounds]

Sorry, markomalley, but that attitude (”a pox on all of them”) is why Democrats get to skate through this kind of scandal.

Fannie and Freddie were Democrat political machines. You leave the Clinton Administration and enter senior corporate management (maybe even CEO) of Fannie Mae. Being a GSE (government sponsored enterprise), your business thrives by being “guaranteed by the full faith and credit” of the US Treasury. And being a GSE, you have a “public role” to support low income housing and the policy makers (in the Dem Congress) demanded more subsidized low income housing — because they were in the pocket of Fannie and Freddie.

Fannie Mae was considered one of the “Great” Companies back in 2000 when Jim Collins wrote his wildly popular best seller “Good To Great”. This book focused on the few (11) campanies that made the jump from “good to great” in the decade of the 1990’s. I’d like to see Collins or some analyst like Larry Kudlow dig in to see what happened to completely unravel that “Good To Great” story. There’s a follow-up best seller in there someplace.

[mewzilla]

Senator Hides His Sweet Deals When Will He Release Records?

[uncbob]

Once, Fannie Mae and Freddie Mac seemed a relatively quiet backwater of politics and finance.

Unfortunately Bush signed on to this crap of giving mortgages to minorities and ILLEGAL ALIENS and even PRAISED Raines

True he then warned about the problems 17 times but just what did he think was going to happen when you push an economically unsound and morally wrong policy

"The road to hell is paved etc etc "

Well that is Compassionate Conservatism for ya (Damn I knew that would haunt us ever since he uttered that garbage in the 2000 primary season )

[DFG]

Bump

[Salvation]

Those politicians who got lots of money from Fannie and Freddie need to come before a Senate hearing board. Funny thing is — some of them are either members of or buddies with members of those groups.