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Old 09-18-2008, 09:51 AM   #1 (permalink)
pcunningham42
BenzWorld Member
 
Date registered: Nov 2006
Vehicle: 1997 S420 Midnight Blue 79,000 Miles
Location: New York
Posts: 361
McCain’s attempt to fix Fannie Mae, Freddie Mac in 2005

With the financial sector in turmoil today, the media and the politicians have started throwing around blame with the same recklessness as lenders threw around credit to create the problem. Politically, the pertinent question is this: Which candidate foresaw the credit crisis and tried to do something about it? As it turns out, John McCain did — and partnered with three other Senate Republicans to reform the government’s involvement in lending three years ago, after an attempt by the Bush administration died in Congress two years earlier. McCain spoke forcefully on May 25, 2006, on behalf of the Federal Housing Enterprise Regulatory Reform Act of 2005 (via Beltway Snark):

Hot Air Blog Archive McCain’s attempt to fix Fannie Mae, Freddie Mac in 2005; Update: Obama can’t get AIG right
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Ask the American people if:
they support drilling for oil off America's coasts—73% say yes.

they want "one nation under God" in the Pledge of Allegiance—88% say yes.

they support making English the official language—87% say yes.

they support the option of a single income tax rate for everyone—71% say yes.
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