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Old 09-22-2008, 03:09 PM
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Default Re: Obama Dusts Off Hoover Playbook

Quote:
Originally Posted by bhkad View Post
In 2006 John McCain tried to prevent this mess and the Democrats stopped him.



Hot Air Blog Archive McCain’s attempt to fix Fannie Mae, Freddie Mac in 2005; Update: Obama can’t get AIG right

And it's customary to post a link to the source when you quote from it.

In 2003-2004 Tom Delay was speaker.


"I just finished a productive meeting with members of my economic team. We discussed our thriving economy and what we need to do to keep it that way. We care a lot about whether our fellow citizens are working, and whether or not they've got money in their pockets to save, spend, or invest as they see fit. We talked about America's role in the global economy"-from GWB 2007 speech to the Treasury dept.

This article states it more clearly:

Quote:
In 2003, Republicans controlled both branches of Congress (108th) and the White House. What happened to Fannie Mae and Freddie Mac regulatory reform under Republican leadership? Nothing.

Here's what I found when I searched THOMAS for the phrase Fannie Mae for the 108th Congress (2003-2004): eight bills .... but only six appear to relate to this topic, per their title. Of those six, only one was introduced after the White House weighed in (at least rhetorically) in September ... and the prime sponsor of that bill was a Democrat. The other bills seem to have resulted from the July scandal. No bill moved out of committee. Republican Congress Talked About Financial Reform, But Did Nothing
BTW , the previous post's quote was from Wiki.
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