Dec
6
ward311 asked:
Times in September. 11, 2003 NY The new agency overseeing Fannie Mae and Freddie Mac By STEPHEN LABATON The Bush administration today recommended the most significant refurbishment regulator of the industry's finances since the cover S & L crisis a decade ago. Under plan, disclosed at a meeting of Congress today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, companies with government support are the two greatest players of the industry mortgage loans. The new agency would have the authority, which now rests with Congress to fix one of the requirements of the capital reserve for the companies. Exercised authority over any new business line. And determine whether the two are adequately managing the risks of aerostación lists. http://query.nytimes.com/gst/fullpage.html?res=9E06E3D6123BF932A2575AC0A9659C8B63&sec=&spon=&pagewanted=print "In 2006," the Post editorialized, "McCain, pushed for stronger regulation of Fannie Mae and Freddie Mac - while Mr. Obama was notably silent. 'If Congress does not act, the American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system and the economy as a whole,' McCain warned at the time. the Barney Frank: " 'These two entities - Fannie Mae and Freddie Mac - are not facing any kind of financial crisis,'" said representative Barney Frank of Massachusetts, the ranking Democrat on the committee of financial services . 'More people exaggerate these problems, the more pressure there is on these companies, unless we see in terms of housing. "Affordable;"
Times in September. 11, 2003 NY The new agency overseeing Fannie Mae and Freddie Mac By STEPHEN LABATON The Bush administration today recommended the most significant refurbishment regulator of the industry's finances since the cover S & L crisis a decade ago. Under plan, disclosed at a meeting of Congress today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, companies with government support are the two greatest players of the industry mortgage loans. The new agency would have the authority, which now rests with Congress to fix one of the requirements of the capital reserve for the companies. Exercised authority over any new business line. And determine whether the two are adequately managing the risks of aerostación lists. http://query.nytimes.com/gst/fullpage.html?res=9E06E3D6123BF932A2575AC0A9659C8B63&sec=&spon=&pagewanted=print "In 2006," the Post editorialized, "McCain, pushed for stronger regulation of Fannie Mae and Freddie Mac - while Mr. Obama was notably silent. 'If Congress does not act, the American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system and the economy as a whole,' McCain warned at the time. the Barney Frank: " 'These two entities - Fannie Mae and Freddie Mac - are not facing any kind of financial crisis,'" said representative Barney Frank of Massachusetts, the ranking Democrat on the committee of financial services . 'More people exaggerate these problems, the more pressure there is on these companies, unless we see in terms of housing. "Affordable;"
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4 Responses to “If the media told the truth, what would happen with current polling numbers?”
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If the Media told the truth. Obama who have been out of the race a long time ago and forgotten.
80 percent in favor of McCain and the balance, a bunch of socialists looking for entitlements, for Obama.
we’d be getting ready to watch Ms. Clinton blow Mr. McCain out of the water in november.
The sad thing, is its not about the price tag. Its the other items in that current bill that scares me.
Turning over power of our entire economic system to an unelected exbanker, with NO governmental oversite either Legislative or Judicial. No contracts bound by any law? What was up with that clause?
Its not just a money grab, but a serious POWER grab as well. Stripping elected officials of power, centralizing more of our government into departments that have no representation of the american people.
They show the bickering about the price tag. I could care less about the final dollar ammount, what I do care about is the Rapid move to socialism aka capitalist Communism (similiar to china’s current system) What ever you want to call it.
Our founding fathers seperated the powers of this government, to be a CHECK and BALANCE against one another. The power to control our economy and lives should NOT be placed into the hands of a single, unelected individual.