Posted on 09/16/2008 8:42:34 PM PDT by blhblhblh
McCain was pushing for Fannie/Freddie regulation back in 2006, while the O was out giving campaign speeches.
This strikes me as a pretty big deal. Obama is ridiculing the idea of Mc regulating this mess, and in fact Mc saw the problem in 2006 (maybe earlier).
Meanwhile, O has 2 former CEO of Fannie/Freddie as economic advisors, and is a major recipient of campaign contributions
(Excerpt) Read more at govtrack.us ...
Notice that Obama is not asking for an investigation...like Dems like to do.
Welcome to FR.
Here’s the real scoop:
http://www.ibdeditorials.com/IBDArticles.aspx?id=306370789279709
bttt
The gist of your linked article:
Hi risk loans usually end up being losers. And who loosened the safe lending practice standards?
The Clinton Administration and they threatened to fine lenders if they did not comply.
Easy to understand.
Even though he wasn’t in the Senate at the time, I’m sure The Lord Barack Obama wrote that legislation and not McCain because Obama is the Chosen One and McCain’s an evil Republican.
The McCain people aren’t doing a good job of getting the yackers on the news channels on message. The 2 McCain defenders on CNN didn’t even mention easy and main points on Larry King while the 2 lib dimwits were spinning idiotically.
I just want to know, did Freddie give Fannie AIDS??
Bookmark for later reading.
I’m sure Nobama was tight with his homey in charge of Fannie, one Franklin Raines, corrupt and incompetent affirmative action hire and Clinton crony.
Name
Office
State
Party
Grand Total
Total from PACs
Total from Individuals
Dodd, Christopher J
S
CT
D
$165,400
$48,500
$116,900
Obama, Barack
S
IL
D
$126,349
$6,000
$120,349
Kerry, John
S
MA
D
$111,000
$2,000
$109,000
Bennett, Robert F
S
UT
R
$107,999
$71,499
$36,500
Bachus, Spencer H
R
AL
R
$103,300
$70,500
$32,800
Blunt, Roy H
R
MO
R
$96,950
$78,500
$18,450
Kanjorski, Paul E
H
PA
D
$96,000
$57,500
$38,500
Bond, Christopher S 'Kit'
S
MO
R
$95,400
$64,000
$31,400
Shelby, Richard C
S
AL
R
$80,000
$23,000
$57,000
Reed, Jack
S
RI
D
$78,250
$43,500
$34,750
Reid, Harry
S
NV
D
$77,000
$60,500
$16,500
Clinton, Hillary
S
NY
D
$76,050
$8,000
$68,050
Davis, Tom
H
VA
R
$75,499
$13,999
$61,500
Boehner, John
H
OH
R
$67,750
$60,500
$7,250
Conrad, Kent
S
ND
D
$64,491
$22,000
$42,491
Reynolds, Tom
H
NY
R
$62,200
$53,000
$9,200
Johnson, Tim
S
SD
D
$61,000
$20,000
$41,000
Pelosi, Nancy
H
CA
D
$56,250
$47,000
$9,250
In 2005 John McCain attempted to control Fannie Mae and warned about the potential costs to taxpayers
In 2008 Barack Obama was advised by two ex-Fannie Mae CEOs, both having left in scandal
Each day Barack Obama has been in the senate, he has received $833 from Fannie Mae
The bailout of Fannie Mae will cost taxpayers more than $250 billion
Who is looking out for your money?
I notice that back then McCain was not in favor of abolishing government interference in these entities, but was in favor of more ‘regulation’ just like the other day he slams wall street for ‘greed’. He is right when he says he is clueless about economics. He is also clueless about conservatism and basic fundementals of human freedom.
Obama has former CEO’s who walked away from Fannie Mae with hundreds of millions in compensation serving as his advisers, while McCain was urging for reform.
McCain needs to get this on the air.
Obama’s top two economic advisers’ mismanagement of FNM are single-handedly responsible for increasing the federal debt by almost $600 billion. Former CEO Raines even had to pay part of a $30 million fine for overstating FNM’s financial condition in order to receive greater compensation for his alleged “success” - such alleged “success” which ultimately saw FNM become insolvent.
I have had enough "economic justice" to make me want to vomit.
Add GWBush in 2003 tried to control Freddie and Fannie
CEO: Fannie/Freddie Bailout Makes America ‘More Communist than China’
Business Media | 09-08-08 | Jeff Poor
Posted on 09/08/2008 9:03:01 PM PDT by Dr. Marten
http://www.freerepublic.com/focus/news/2077876/posts
U.S. seizes Fannie and Freddie
CNN | 9/7/2008 | David Ellis
Posted on 09/07/2008 9:02:41 AM PDT by CodeToad
http://www.freerepublic.com/focus/f-news/2076709/posts
Fanny, Freddie, and Obama (They go way back)
The American Prowler | 9/8/2008 | The Prowler
Posted on 09/08/2008 12:13:06 AM PDT by nickcarraway
http://www.freerepublic.com/focus/f-news/2077144/posts
Sarah Palin fumbles on Fannie, Freddie
Chicago Tribune | Sept. 8 08 | Frank James
Posted on 09/08/2008 2:22:19 PM PDT by Rennes Templar
http://www.freerepublic.com/focus/f-news/2077636/posts
BFD
So was Biden.
So was Hillary!
So was Osamabama.
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