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Fact Check: "Obama tried to reign-in Freddie Mack and Fannie May in 2006"
Fox News | 10/6/08 | vanity

Posted on 10/06/2008 2:23:54 PM PDT by pabianice

Fact check needed. That red-haired Obama Suck-up is on Fox proclaiming that in 2006 Obama introduced legistation in the US Senate to rein-in and better control sub-prime loans backed by Fannie May and Freddie Mack. Can anyone corroberate this or is this just another Obama lie? (I also note that she looks rather distressed at the moment -- a result of today's wailing of Obama by McCain and Palin?)


TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections; Your Opinion/Questions
KEYWORDS: areliars; factcheck; obama; obamarecord
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To: pabianice

They “claim” he wrote a letter to Paulsen. Why he would do that instead of introducing or supporting legislation is silly. I call BS.


21 posted on 10/06/2008 2:33:41 PM PDT by jennyjenny
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To: jennyjenny
Obie sounded rattled in his response to the Ayers thing today. Tomorrow night could be interesting.
22 posted on 10/06/2008 2:33:57 PM PDT by gov_bean_ counter ( Sarah Palin is America's Margaret Thatcher; Obama is America's George Galloway.)
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To: pabianice
Obama is a liar, he wants to take your money. silence free speech, grab your guns, and kill your babies..

He is the most dangerous man ever to run for president in American history..

23 posted on 10/06/2008 2:34:26 PM PDT by just me (JELLY BEANS AND WINKS...)
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To: 9YearLurker

Obama didn’t write no letter to anyone about Fannie and Freddie in 2006 being in trouble. If he said this he’s lying again.


24 posted on 10/06/2008 2:34:40 PM PDT by Red Steel
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To: Cindy

http://www.govtrack.us/congress/record.xpd?id=109-s20060525-16&bill=s109-190

when I see one of these for Obama (see above), then I’ll believe him


25 posted on 10/06/2008 2:34:47 PM PDT by BookmanTheJanitor
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To: r9etb
Thanks, I try not to waste any bandwidth of anything Obama or Biden says so I had no memory of it.

I did find a letter from 2007 here.

A quick read tells me that it's about a whole different topic; that is keeping people in foreclosed homes.

26 posted on 10/06/2008 2:36:19 PM PDT by Proud_texan
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To: guardian_of_liberty

Maybe Mary Mapes can provide a ginuwine copy.

SHOW US THE LETTER BAMBI!!


27 posted on 10/06/2008 2:36:44 PM PDT by jennyjenny
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To: Longstreet63
Number 1—Factcheck is a leftist POC

she’s confusing McCain’s action versus Obama’s inaction...

No, not confused. That's they're tactic.

28 posted on 10/06/2008 2:36:54 PM PDT by TribalPrincess2U (McCAIN/PALIN...THE CHANGE AMERICANS REALLY WANT—OBAMA..THE CHANGE THE WORLD'S TERRORISTS WANT)
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To: gov_bean_ counter

S. 2433 Global Poverty Act 2007.


29 posted on 10/06/2008 2:37:19 PM PDT by Roccus (POLITICIAN.....................A four letter word spelled with ten letters.)
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To: pabianice

Please...! Why would he care?


30 posted on 10/06/2008 2:37:30 PM PDT by pallis
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To: pabianice

I really doubt it. Almost all of Obama’s older statements on the issue focus on keeping people in houses (they can’t actually afford), nothing seems to address the financial impact of sub-prime lending.


31 posted on 10/06/2008 2:37:49 PM PDT by The_Reader_David (For real change stop electing lawyers: Fighter-Pilot/Hockey-Mom '08.)
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To: Dick Vomer

32 posted on 10/06/2008 2:38:02 PM PDT by Diogenesis (Igitur qui desiderat pacem, praeparet bellum)
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To: papasmurf
According to THOMAS there's nothing for Obamma in 2006, as far as any sponsored or co-sponsored bills goes. And that means ANY bill, not just anything relating to Fannie Freddie or GSE.
33 posted on 10/06/2008 2:39:51 PM PDT by AFreeBird
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To: Diogenesis

So Obama’s input was to make the situation worse by pushing more liar loans? Cool.


34 posted on 10/06/2008 2:40:49 PM PDT by pabianice
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To: Diogenesis

His request would make it worse!


35 posted on 10/06/2008 2:41:40 PM PDT by tiredoflaundry (McCain/Palin '08 ----- It's October, SURPRISE ME!)
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To: pabianice

I think she is under the influence of drugs.....or kool aid.


36 posted on 10/06/2008 2:42:06 PM PDT by mouse1 ("Say it aint so joe")
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To: Red Steel

“So the old terrorist radical, Ayers, gets a grant from the Annanberg Foundation to radicalize Chicago youth. That foundation is evidently run by a bunch of left wingers.”

Guess who funds Factcheck.


37 posted on 10/06/2008 2:42:21 PM PDT by stubernx98 (cranky, but reasonable)
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To: pabianice

Here is the letter Obama keeps refering to:

http://www.freerepublic.com/focus/f-news/2098904/posts

I broke it down paragraph by paragraph. It isn’t a warning about financial meltdown. It is a warning that we need MORE sub-prime loans.

Read it. It is amazing they can get away with saying Obama warned about the current crisis. Had they followed the advice in Obama’s “warning” letter, the crisis would have been WORSE.


38 posted on 10/06/2008 2:42:26 PM PDT by Brookhaven
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To: Cindy

So much for “reaching across the isle.” If this were true, which it isn’t, Obama can’t even get his own party to support his legislation.


39 posted on 10/06/2008 2:43:40 PM PDT by yazoo
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To: AFreeBird; papasmurf

okay, my mistake, I neglected to specify the 109th Congress. But still nothing that I can see for fannie, freddie or GSE


40 posted on 10/06/2008 2:44:12 PM PDT by AFreeBird
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