Jan
17
Should the Dem’s be demanding anything in the bailout since they were a major contributer to this mess?
Filed Under Law & Ethics
fmko ( 無神論者は神を知っていない。) asked:
The president acknowledged the legislation was necessary to reform the regulation of government-supported enterprises (GSEs) like Fannie Mae and Freddie Mac. In 2003, the president and his administration had recommended "recommended the most significant refurbishment regulator of the industry's finances since the cover S & L crisis a decade ago. Below | a's? the agency's new plan would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, companies with government support are the two biggest players in the mortgage lending industry. "(Stephen Labaton," ; The new agency overseeing Fannie Mae and Freddie Mac, "New York Times, 9/11/03) Chairman Barney Frank (direct access memory) of financial services committee of the house: "The? Fannie Mae's? â these two entities? of? â Freddie Mac are not facing any kind of? â the financial crisis | more people exaggerate these problems, the more pressure there is on these companies, unless we see in terms of housing. "affordable (Stephen Labaton," The new agency overseeing Fannie Mae and Freddie Mac, "New York Times, 9/11/03) In 2004, representative. Frank said "I think Wall Street will get over it [if collapsed Fannie Mae and Freddie Mac]. "(Editorial," Fannie Mae 's patron saint, "Wall Street Journal, 9/9/08) Majority Leader Harry Reid of the Senate (D-NV): "The law committee of the senate banking, passenger today on a party-line vote by the Republican majority, includes measures that could cripple the ability of Fannie Mae and Freddie Mac to carry out its mission? extension of homeownership â | favors while improving oversight by our federal housing regulators to ensure safety and validity, we can not approve legislation that could limit Americans from owning homes and potentially harm our economy in the process. " (United Press International, 7/28/05) International Herald Tribune: "The inauguration of the Democratic victory was important for Congress? â Fannie and Freddie | Fannie Mae and Freddie Mac, the two giants of the mortgage finance, which have been recovering from accounting scandals, had faced the possibility of tight new oversight laws pushed in largely by Republicans. But some powerful Democrats had resisted, preferring to promote the mission of the cover? of? companiesâ of standards for capital and tighter limits on the list. (International Herald Tribune, 11/8/06) Sen. Barack Obama (D-IL) has received $ 126,349 from Fannie Mae and Freddie Mac, more than any member of Congress except Sen. Dodd. (Lindsay Renick Mayer, "Fannie Mae and Freddie Mac invest in legislators," Center for Politics' responsive, "Eye" capital Blog, www.opensecrets.org reached 9/11/08)
The president acknowledged the legislation was necessary to reform the regulation of government-supported enterprises (GSEs) like Fannie Mae and Freddie Mac. In 2003, the president and his administration had recommended "recommended the most significant refurbishment regulator of the industry's finances since the cover S & L crisis a decade ago. Below | a's? the agency's new plan would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, companies with government support are the two biggest players in the mortgage lending industry. "(Stephen Labaton," ; The new agency overseeing Fannie Mae and Freddie Mac, "New York Times, 9/11/03) Chairman Barney Frank (direct access memory) of financial services committee of the house: "The? Fannie Mae's? â these two entities? of? â Freddie Mac are not facing any kind of? â the financial crisis | more people exaggerate these problems, the more pressure there is on these companies, unless we see in terms of housing. "affordable (Stephen Labaton," The new agency overseeing Fannie Mae and Freddie Mac, "New York Times, 9/11/03) In 2004, representative. Frank said "I think Wall Street will get over it [if collapsed Fannie Mae and Freddie Mac]. "(Editorial," Fannie Mae 's patron saint, "Wall Street Journal, 9/9/08) Majority Leader Harry Reid of the Senate (D-NV): "The law committee of the senate banking, passenger today on a party-line vote by the Republican majority, includes measures that could cripple the ability of Fannie Mae and Freddie Mac to carry out its mission? extension of homeownership â | favors while improving oversight by our federal housing regulators to ensure safety and validity, we can not approve legislation that could limit Americans from owning homes and potentially harm our economy in the process. " (United Press International, 7/28/05) International Herald Tribune: "The inauguration of the Democratic victory was important for Congress? â Fannie and Freddie | Fannie Mae and Freddie Mac, the two giants of the mortgage finance, which have been recovering from accounting scandals, had faced the possibility of tight new oversight laws pushed in largely by Republicans. But some powerful Democrats had resisted, preferring to promote the mission of the cover? of? companiesâ of standards for capital and tighter limits on the list. (International Herald Tribune, 11/8/06) Sen. Barack Obama (D-IL) has received $ 126,349 from Fannie Mae and Freddie Mac, more than any member of Congress except Sen. Dodd. (Lindsay Renick Mayer, "Fannie Mae and Freddie Mac invest in legislators," Center for Politics' responsive, "Eye" capital Blog, www.opensecrets.org reached 9/11/08)
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5 Responses to “Should the Dem’s be demanding anything in the bailout since they were a major contributer to this mess?”
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There’s plenty of blame to go around. The republicans are the major proponents of deregulating everything in sight… that dates back to Reagan, at least.
The GOP had the Congress and the White House for SIX YEARS…plenty of time to make changes IF they wanted to do so.
The average voter doesn’t have wide enough vision to see the real story behind what’s going on. They just see the trouble we are in and see who’s currently in office.
I won’t say that the Republicans did much to prevent it, but I certainly wouldn’t be looking at the Democrats to get us out of something that played a major role over time at getting us into.
How exactly did the democrats prevent a republican congress and a Republican president from reforming Fannie Mae and Freddie Mac?
Also the $126K figure represents contributions from individuals who work Fannie Mae and Freddie Mac, not from the organizations themselves.
Glad somebody is not asleep at the Switch! It’s Voodoo economics while turning America into a Third World Country While they Laugh in our Faces! Americans Should Not Forget the Fact that All of them wanted Amnesty for Illegals that made the majority of the Bad loans and Want us to bail them out. Throw the Bums Out of Office and their Lobbyist Friends!
More than enough blame to go around; what we DON’T need is more blame; we need solutions without politics