[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?

[101voodoo]

McCain proposed legislation specifically to tighten the regs that govern what sort of mortgages Fanny and Freddy would buy. Libs killed it claiming there was no problem.

McCain is a de regulator and only liberals and other morons actually believe more regulation is better then less in a capitalistic system such as we have, BUT never the less he DID NOT vote to loosen regulations on these 2 agencies, that was the Dems doing.

[kabar]

By providing the facts. Obama was the second largest recipient of F&F contributions. Democratic hacks like Raines, Gorelick, Reno, Emanuel, and Johnson [the head of Obama's VP search committee] enriched themselves with jobs at F&F. And Dems in Congress like Dodd and Frank blocked reforms.

The McCain campaign said the $15,000 a month went to Davis's firm, not to Davis. "Mr. Davis has received no salary or compensation ... no profit or partner distributions ... neither has Mr. Davis received any equity in the firm based on profits derived since his financial separation" from the firm in 2006, the campaign said in a statement posted on its Web site.