FEDERAL HOUSING ENTERPRISE REGULATORY REFORM ACT OF 2005
The United States Senate
May 25, 2006 Section 16
McCain is qouted: "For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac--known as Government-sponsored entities or GSEs--and the sheer magnitude of these companies and the role they play in the housing market. OFHEO's report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO's report solidifies my view that the GSEs need to be reformed without delay.
I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole."
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
BFD
So was Biden.
So was Hillary!
So was Osamabama.
Someone tell McCain to run this in Ads....like now!
BTTT. I heard Michael Reagan talking about this on his radio show last night on Sirius... and he also told his listeners if they wanted to read about it and see for themselves to go FreeRepublic.com.
Mark Levin talked about McCain’s attempt to reform Fannie/Freddie the other night...also the Heritage Foundation has been all over this Fannie/Freddie political cesspool...
Yes, but why the “F” isn’t the McCain campaign using these facts?
The bill says it was 2005 that it was proposed, but I see that you mentioned that earlier.
I’m not sure what type of regulation the bill advocated, an investigation would have been a better move.
Why have we heard NOTHING about this in the media? Sean? Rush? Have I just missed it? Seems to me this single piece of legislation and McCain’s warning comments should be the first talking point of every conservative.