[anglian]

“Add to that that Bush had a republican Congress for four years and completely abdicated any idea of controlling this mess.”... R’s Senate majority was slim and it took 60 votes to get anything through. The Democrats on the Senate banking committee voted party line against any reform.

Look it up. Why did not a Republican controlled House and Senate not pass Fannie Mae and Freddie Mac reform when the controlled both branches?

Simple answer. The regulation bill never left committee There were 19 members of the banking committee. 10 Republicans voted for legislation, and 9 Democrats voted against. As 60 percent vote is needed to bring the bill to the floor of the House, it never left committee.

Remember: ALL DEMOCRATS ON THE COMMITTEE VOTED AGAINST ADDITIONAL REGULATION OF FANNIE MAE AND FREDDIE MAC.

And despite the fact that all Republicans voted for this legislation, it still did not have enough support to leave committee.

[Skooz]

bravo

[raybbr]

Simple answer. The regulation bill never left committee There were 19 members of the banking committee. 10 Republicans voted for legislation, and 9 Democrats voted against. As 60 percent vote is needed to bring the bill to the floor of the House, it never left committee.

And, they immediately shut up about it afterward. HOw do you defend that.