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In 2005 Bush and McCain tried to reform Fannie and Freddie with the Fed Housing Reform act but were blocked by Democrats.
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ANNONYMOUS
User ID: 504390
9/16/2008 10:38 PM | | Re: In 2005 Bush and McCain tried to reform Fannie and Freddie with the Fed Housing Reform act but were blocked by Democrats. | Quote |
Hey PAC RAT HTFAY. Soooooory wrongo again in 2005 both houses of Congress were controlled by your REPOS who seem to have no difficulty passing anything they wanted before this. So explain to me how all those dasterdly DEMS ganged up on your guys and thoroughly trounced Messers Bush and McSame.
That Is the point. Too many republicans voted with the dems. They got fired 2 years ago. McCain is going to clean up DC. He tried but was only a senator. As president, he and Palin can clean house.
how so, exactly? does he plan on telling the voters just for whom they can and cannot vote?
[youtube]
With the power of the veto pen and the bully pulpit. Also, there is a good chance republicans will take back control of congress again. They are ahead as of today.
I take issue with your contention they are ahead today. Drive around your area Pac and check out the yard signs. I live in a predominantly REPO small town and believe me every other Pres. election year those yard signs are out. there. This area is so good for your REPOS that Bob Dole stopped here in 1996. There isn't a single McCain sign out but there are about 20 Obama signs. Unfortunately the for sale signs outnumber the political ones 3 to 1. Guess what your boy loses I would estimate by 9 pts now and double digits when the polls open. |
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Anonymous Coward
User ID: 503790
9/16/2008 10:45 PM | | Re: In 2005 Bush and McCain tried to reform Fannie and Freddie with the Fed Housing Reform act but were blocked by Democrats. | Quote |
Hey PAC RAT HTFAY. Try and answwer my question dude don't give me this same as crap. Secondly, in 2005 there is no way that all your REPOS voting as a block could not have passed this Bill. Check out the numbers and remember the election which gave my DEMS threadbare control of the House was in 2006 and took effect in 2007. SPIN SPIN SPIN just like a top but we all know where you land.
When you control the House, Senate and Presidency the other party can't block shit.
Not if you dont have every vote on your side. There has never been any time in us history that any administration was able to pass every bill no matter how much control they had. there are a lot of ways to block bills. You kids need to bone up a little. Quoting: Pacnwguy 501628
It is all about numbers. The other AC commented on it all ready
Secondly, in 2005 there is no way that all your REPOS voting as a block could not have passed this Bill.
When you control the House, Seante and Presidency with that kind of majority the other party can't block shit. |
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Pacnwguy
User ID: 501628 (OP)
9/16/2008 10:54 PM | | Re: In 2005 Bush and McCain tried to reform Fannie and Freddie with the Fed Housing Reform act but were blocked by Democrats. | Quote |
Hey PAC RAT HTFAY. Try and answwer my question dude don't give me this same as crap. Check out the numbers and remember the election which gave my DEMS threadbare control of the House was in 2006 and took effect in 2007. SPIN SPIN SPIN just like a top but we all know where you land.
When you control the House, Senate and Presidency the other party can't block shit.
Not if you dont have every vote on your side. There has never been any time in us history that any administration was able to pass every bill no matter how much control they had. there are a lot of ways to block bills. You kids need to bone up a little.
It is all about numbers. The other AC commented on it all ready
Secondly, in 2005 there is no way that all your REPOS voting as a block could not have passed this Bill.
When you control the House, Seante and Presidency with that kind of majority the other party can't block shit. Quoting: Anonymous Coward 503790
Secondly, in 2005 there is no way that all your REPOS voting as a block could not have passed this Bill.
The key word is "ALL".
The bill didnt make it. Not ALL the Republicans were on board.
Capish?
McCain was then and still is today....on board about cleaning up Fannie and Freddie.
That is what the subject of this thead is all about. |
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bitchfromhell
User ID: 473633
9/16/2008 10:58 PM | | Re: In 2005 Bush and McCain tried to reform Fannie and Freddie with the Fed Housing Reform act but were blocked by Democrats. | Quote |
Quoting: Apocalypse Troll
This legislation went into the the Committee on Banking, Housing, and Urban Affairs, and Richard Shelby (R) was in charge of that committee at that time.
Dodd is on the committee now, which yes, is a complete conflict of interest as I see it. |
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Best in Texas
User ID: 193501
9/16/2008 10:58 PM
 | | Re: In 2005 Bush and McCain tried to reform Fannie and Freddie with the Fed Housing Reform act but were blocked by Democrats. | Quote |
Man when trouble hits, those Republican neocon run like hell don't they. They haven't done a thing wrong in well over 200 years. Quoting: Dirtfarmer
Aint it amazing? Like a circus act or something! |
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bitchfromhell
User ID: 473633
9/16/2008 11:04 PM | | Re: In 2005 Bush and McCain tried to reform Fannie and Freddie with the Fed Housing Reform act but were blocked by Democrats. | Quote |
Man when trouble hits, those Republican neocon run like hell don't they. They haven't done a thing wrong in well over 200 years.
Aint it amazing? Like a circus act or something! Quoting: Best in Texas
The great thing about arguing against McCain is that if you want to prove him liberal about something, look up legislation prior to 2006, if you want to see the exact opposite of that, look after 2006. He was for it before he was against it. Lots of ammo.  |
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Pacnwguy
User ID: 501628 (OP)
9/16/2008 11:08 PM | | Re: In 2005 Bush and McCain tried to reform Fannie and Freddie with the Fed Housing Reform act but were blocked by Democrats. | Quote |
Man when trouble hits, those Republican neocon run like hell don't they. They haven't done a thing wrong in well over 200 years.
Aint it amazing? Like a circus act or something!
The great thing about arguing against McCain is that if you want to prove him liberal about something, look up legislation prior to 2006, if you want to see the exact opposite of that, look after 2006. He was for it before he was against it. Lots of ammo.
Bottom line. In 2005 McCain co-sponsored a bill to reform Fannie and Freddie. Obama took kick backs and is blaming republicans for the problems today with fannie and freddie. |
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Anonymous Coward
User ID: 503790
9/16/2008 11:13 PM | | Re: In 2005 Bush and McCain tried to reform Fannie and Freddie with the Fed Housing Reform act but were blocked by Democrats. | Quote |
Hey PAC RAT HTFAY. Try and answwer my question dude don't give me this same as crap. Check out the numbers and remember the election which gave my DEMS threadbare control of the House was in 2006 and took effect in 2007. SPIN SPIN SPIN just like a top but we all know where you land.
When you control the House, Senate and Presidency the other party can't block shit.
Not if you dont have every vote on your side. There has never been any time in us history that any administration was able to pass every bill no matter how much control they had. there are a lot of ways to block bills. You kids need to bone up a little.
It is all about numbers. The other AC commented on it all ready
Secondly, in 2005 there is no way that all your REPOS voting as a block could not have passed this Bill.
When you control the House, Seante and Presidency with that kind of majority the other party can't block shit.
Secondly, in 2005 there is no way that all your REPOS voting as a block could not have passed this Bill.
The key word is "ALL".
The bill didnt make it. Not ALL the Republicans were on board.
Capish?
McCain was then and still is today....on board about cleaning up Fannie and Freddie.
That is what the subject of this thead is all about. Quoting: Pacnwguy 501628
Then the Republicans block it. |
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Seneca
User ID: 504631
9/16/2008 11:27 PM | | Re: In 2005 Bush and McCain tried to reform Fannie and Freddie with the Fed Housing Reform act but were blocked by Democrats. | Quote |
Then the Republicans block it. Quoting: Anonymous Coward 503790
No. The Republicans, four to be exact, sponsored the legislation.
Senators Hagel, Dole, McCain, and Sununu.
As for blocking the legislation, Fannie and Freddie had a few Democrats in their pockets, too -- like Senators Dodd and Obama. |
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Anonymous Coward
User ID: 503984
9/16/2008 11:28 PM | | Re: In 2005 Bush and McCain tried to reform Fannie and Freddie with the Fed Housing Reform act but were blocked by Democrats. | Quote |
BWAHAHAHAHAHAHA!
Republicans hae had the Presidency for 8 years, and they have controlled Congress for the past 16 years;
(yea, I know technically the Dems lead by just one)-but there are always a couple who will vote for the Republican agenda-thus-THE REPUBLICANS ARE TO BLAME-they are always a voting majority |
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bitchfromhell
User ID: 473633
9/16/2008 11:30 PM | | Re: In 2005 Bush and McCain tried to reform Fannie and Freddie with the Fed Housing Reform act but were blocked by Democrats. | Quote |
Man when trouble hits, those Republican neocon run like hell don't they. They haven't done a thing wrong in well over 200 years.
Aint it amazing? Like a circus act or something!
The great thing about arguing against McCain is that if you want to prove him liberal about something, look up legislation prior to 2006, if you want to see the exact opposite of that, look after 2006. He was for it before he was against it. Lots of ammo.
Bottom line. In 2005 McCain co-sponsored a bill to reform Fannie and Freddie. Obama took kick backs and is blaming republicans for the problems today with fannie and freddie.
That bill never made it to the senate for obama to do anything with. |
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bitchfromhell
User ID: 473633
9/16/2008 11:33 PM | | Re: In 2005 Bush and McCain tried to reform Fannie and Freddie with the Fed Housing Reform act but were blocked by Democrats. | Quote |
Oh yeah, and BUSH OPPOSED IT...
EXECUTIVE OFFICE OF THE PRESIDENT
OFFICE OF MANAGEMENT AND BUDGET
WASHINGTON, D.C. 20503
October 26, 2005
(House)
STATEMENT OF ADMINISTRATION POLICY
H.R. 1461 � Federal Housing Finance Reform Act of 2005
(Rep. Baker (R) Louisiana and 19 cosponsors)
The Administration has long called for legislation to create a stronger, more effective regulatory
regime to improve oversight of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks
("housing government-sponsored enterprises" or "housing GSEs") and appreciates the
considerable efforts of Chairman Oxley and Chairman Baker in crafting H.R. 1461. However,
H.R. 1461 fails to include key elements that are essential to protect the safety and soundness of
the housing finance system and the broader financial system at large. As a result, the
Administration opposes the bill. |
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Seneca
User ID: 504631
9/16/2008 11:36 PM | | Re: In 2005 Bush and McCain tried to reform Fannie and Freddie with the Fed Housing Reform act but were blocked by Democrats. | Quote |
Oh yeah, and BUSH OPPOSED IT... Quoting: bitchfromhell 473633
Yet another example that evidences McCain is not Bush.
:) |
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bitchfromhell
User ID: 473633
9/16/2008 11:36 PM | | Re: In 2005 Bush and McCain tried to reform Fannie and Freddie with the Fed Housing Reform act but were blocked by Democrats. | Quote |
Facts, ain't they a bitch. |
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bitchfromhell
User ID: 473633
9/16/2008 11:38 PM | | Re: In 2005 Bush and McCain tried to reform Fannie and Freddie with the Fed Housing Reform act but were blocked by Democrats. | Quote |
Oh yeah, and BUSH OPPOSED IT...
Yet another example that evidences McCain is not Bush.
:) Quoting: Seneca
Ahhhhh....yes, but NOW MCCAIN IS FOR DEREGULATION, apparently Joe Straight-Talk did yet another about face. |
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bitchfromhell
User ID: 473633
9/16/2008 11:50 PM | | Re: In 2005 Bush and McCain tried to reform Fannie and Freddie with the Fed Housing Reform act but were blocked by Democrats. | Quote |
Like fish in a barrel baby, fish in a barrel. |
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Anonymous Coward
User ID: 331956
9/17/2008 12:02 AM | | Re: In 2005 Bush and McCain tried to reform Fannie and Freddie with the Fed Housing Reform act but were blocked by Democrats. | Quote |
The simple fact is McCain is the guy who warned the taxpayers and tried to stop the problem we have today. He is the guy who can fix it as president. That is what he has been saying all along.
Fannie and freddie oversight is what caused the problem. Obama and chris dodd were on the fucking payroll. Quoting: Pacnwguy 501628
wrong ... the Republicans have controlled the govt the last 8 years and have fucked this country in the ass repeatedly
now go circle jerk on the hannity forum where you belong
PACN Bullshit |
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Seneca
User ID: 504631
9/17/2008 12:15 AM | | Re: In 2005 Bush and McCain tried to reform Fannie and Freddie with the Fed Housing Reform act but were blocked by Democrats. | Quote |
Oh yeah, and BUSH OPPOSED IT...
Yet another example that evidences McCain is not Bush.
:)
Ahhhhh....yes, but NOW MCCAIN IS FOR DEREGULATION, apparently Joe Straight-Talk did yet another about face. Quoting: bitchfromhell 473633
Nope. McCain is still advocating the reforms that he sponsored in 2006. :)
[link to www.bizjournals.com]
Tuesday, September 16, 2008
McCain: Feds must better coordinate financial rules
Arizona senator and Republican presidential candidate John McCain said Tuesday the federal government needs to better coordinate financial and banking regulations, and promised to go after Wall Street CEOs caught up in financial improprieties.
McCain said the government needs to better focus on its financial regulations rather than the current system, which has numerous agencies overseeing banks, mortgage lenders and Wall Street.
"The American people will be protected by comprehensive regulations that will apply the rules and enforce them... There will be constant access to the books and accounts of our banks and other financial institutions. By law, it will reduce the debt and risk that any bank can take on, " McCain said at a campaign stop in Tampa, Fla.
The remarks are in response to the housing market-driven financial crisis that has hit Wall Street and the banking sector. Lehman Brothers has filed for Chapter 11 bankruptcy and Bank of America acquired Merrill Lynch as the Wall Street struggles with debt, a credit crunch and mortgage-induced financial losses.
The federal government took over mortgage giants Freddie Mac and Fannie Mae earlier this month and earlier this year JP Morgan Chase bought out Bear Stearns with some help from the federal government. |
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bitchfromhell
User ID: 473633
9/17/2008 12:23 AM | | Re: In 2005 Bush and McCain tried to reform Fannie and Freddie with the Fed Housing Reform act but were blocked by Democrats. | Quote |
Nope. McCain is still advocating the reforms that he sponsored in 2006. :) Quoting: Seneca
I'm sorry, that was yesterday I heard that...Joe Straight-Talk at it again. Guess he was against it before he was for it.
Sen. John McCain (R-AZ) appeared on all six broadcast and cable morning news shows today in an attempt to defend his misguided belief that the “fundamentals of our economy are strong.” In discussing the causes of and solutions to the current economic crisis, McCain appeared to flip-flop — in less than an hour — on the role and effectiveness of government regulation. |
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Anonymous Coward
User ID: 504866
9/17/2008 12:24 AM | | Re: In 2005 Bush and McCain tried to reform Fannie and Freddie with the Fed Housing Reform act but were blocked by Democrats. | Quote |
PacMan, dude, both sides suck! |
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bitchfromhell
User ID: 473633
9/17/2008 12:27 AM | | Re: In 2005 Bush and McCain tried to reform Fannie and Freddie with the Fed Housing Reform act but were blocked by Democrats. | Quote |
PacMan, dude, both sides suck! Quoting: Anonymous Coward 504866
Amen. |
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Anonymous Coward
User ID: 440235
9/17/2008 12:51 AM | | Re: In 2005 Bush and McCain tried to reform Fannie and Freddie with the Fed Housing Reform act but were blocked by Democrats. | Quote |
You mean republicans couldn't get their finance reform passed in the 6 years they controlled the Executive and Legislature? Darn! It must be those pesky Democrats fault.
1 STAR! |
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PACNWguy 
User ID: 501628
9/17/2008 10:15 AM
 | | Re: In 2005 Bush and McCain tried to reform Fannie and Freddie with the Fed Housing Reform act but were blocked by Democrats. | Quote |
OBAMA - THE FASTEST FAILED PRESIDENT IN AMERICAN HISTORY |
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Reece2076
User ID: 504341
9/17/2008 10:23 AM | | Re: In 2005 Bush and McCain tried to reform Fannie and Freddie with the Fed Housing Reform act but were blocked by Democrats. | Quote |
Yeah yeah yeah.. just like 9/11, Katrina, out of control gas prices, and the foreclosure crisis is also the democrats fault. For a party that advocates for taking personal responsibility the Republicans never seem to take responsibility for any problems they cause. But they always say they won't let these things happen again.
As Above, So Below
Work Smarter, Not Harder |
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Douggie
User ID: 502972
9/17/2008 10:28 AM | | Re: In 2005 Bush and McCain tried to reform Fannie and Freddie with the Fed Housing Reform act but were blocked by Democrats. | Quote |
The simple fact is McCain is the guy who warned the taxpayers and tried to stop the problem we have today. He is the guy who can fix it as president. That is what he has been saying all along.
Fannie and freddie oversight is what caused the problem. Obama and chris dodd were on the fucking payroll. Quoting: Pacnwguy 501628
He has not been saying it all along. HEs been saying the economics are fine. Stay the course. He way too interwoven with the elietists. Its time people like him take a hike and let some real Americans do the job...and yes I mean Obama!
They have the power to create reality
I could explain it better but I would need charts, graphs and an easel.
By the way....which ones pink? |
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PACNWguy
User ID: 501628
9/17/2008 10:44 AM
| | Re: In 2005 Bush and McCain tried to reform Fannie and Freddie with the Fed Housing Reform act but were blocked by Democrats. | Quote |
The simple fact is McCain is the guy who warned the taxpayers and tried to stop the problem we have today. He is the guy who can fix it as president. That is what he has been saying all along.
Fannie and freddie oversight is what caused the problem. Obama and chris dodd were on the fucking payroll.
He has not been saying it all along. HEs been saying the economics are fine. Stay the course. He way too interwoven with the elietists. Its time people like him take a hike and let some real Americans do the job...and yes I mean Obama! Quoting: Douggie
Go back to page one and read what the told congress in 2005 you moron.
OBAMA - THE FASTEST FAILED PRESIDENT IN AMERICAN HISTORY |
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PACNWguy
User ID: 501628
9/17/2008 11:35 AM
| | Re: In 2005 Bush and McCain tried to reform Fannie and Freddie with the Fed Housing Reform act but were blocked by Democrats. | Quote |
Because not everyone knows that while Obama and his corrupt Democrats were bleeding Fannie and Freddie for back pocket cash...the Reformer, John McCain was out warning the taxpayers as far back as 2005 about Fannnie and Freddie needing reform.
OBAMA - THE FASTEST FAILED PRESIDENT IN AMERICAN HISTORY |
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Anonymous Coward
User ID: 473495
9/17/2008 11:45 AM | | Re: In 2005 Bush and McCain tried to reform Fannie and Freddie with the Fed Housing Reform act but were blocked by Democrats. | Quote |
The simple fact is McCain is the guy who warned the taxpayers and tried to stop the problem we have today. He is the guy who can fix it as president. That is what he has been saying all along.
Fannie and freddie oversight is what caused the problem. Obama and chris dodd were on the fucking payroll. Quoting: Pacnwguy 501628
Yeah, he's also the guy who wanted to suspend ALL banking regulation for 90 days while he was involved in the Keating 5 scandal.
In '99 he also supported Phil Graham's bill to end ALL banking regulation. It was a modification of this bill which caused ALL of the problems wall street is having now.
So far this year, McCain has said 14 times he's a deregulator. That's right, he doesn't believe in ANY regulation of anything.
So, what you're saying is simply...
much like everything else you spew. |
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Anonymous Coward
User ID: 529937
10/18/2008 11:10 PM | | Re: In 2005 Bush and McCain tried to reform Fannie and Freddie with the Fed Housing Reform act but were blocked by Democrats. | Quote |
I am just another citizen taxpayer trying to research for truth in these matters. Here are my findings followed by official Bush statements regarding the House bills :
[link to www.dailykos.com]
McCain's claim of Fannie Mae reform
by heartland eric
Sat Sep 20, 2008 at 08:29:36 PM PDT
John McCain has been touting his supposed maverick position on the reform of Fannie Mae and Freddie Mac. In a speech on Sept. 19 in Arlington, VA, McCain said, "Two years ago, I called for reform of this corruption at Fannie Mae and Freddie Mac. Congress did nothing. The Administration did nothing. Senator Obama did nothing, and actually profited from this system of abuse and scandal. While Fannie and Freddie were working to keep Congress away from their house of cards, Senator Obama was taking their money. He got more, in fact, than any other member of Congress, except for the Democratic chairmen of the committee that oversees them."
Remarks By John McCain On Our Financial Markets
The later parts of this statement have been addressed elsewhere, i.e., the money Obama received was in the form of individual campaign contributions by the 11,700 Fannie and Freddie employees, who are free citizens and free to make political contributions, unless there is some new provision in the Patriot Act I am unaware of. Let's probe the first half of McCain's statement.
* heartland eric's diary :: ::
*
In the (Republican majority) 109th Congress, 2005-2006, bills were introduced in the House and Senate to revamp the oversight of Fannie and Freddie. The House version of the bill was the Federal Housing Finance Reform Act of 2005, HR1461 and the Senate version was Federal Housing Enterprise Regulatory Reform Act of 2005, S190. The bills are very similar and you can read about their differences here: HR1461 vs S190. HR1461 was introduced in April 5, 2005, subsequently amended, and passed the House on October 26, 2005 by a 331-90 vote. S190 was introduced in the Senate on Jan 26, 2005, sponsored by Hagel and co-sponsored by Dole and Sununu. McCain was not a co-sponsor. S190 was discussed in the Senate Banking Committee on July 28, 2005 with the result, "Ordered to be reported with an amendment in the nature of a substitute favorably", which I believe is Congress speak for, "we don't like this, please go rewrite it and we may reconsider", i.e., the bill died in a Republican controlled committee and never came to the floor of the Senate or back to the Senate Banking Committee for reconsideration. S190 died in committee.
On May 23, 2006, Fannie and Freddie's regulator, the Office of Federal Housing Enterprise Oversight, issued the results of their 27 month long investigation of Fannie Mae's shenanigans. The report was widely reported and was scathing in its criticism of Fannie Mae. A NYT article is here: Regulators Denounce Fannie Mae. The actual report is here: OFHEO report. Two days later, in an amazing act of prescience, McCain gets up in the Senate and reveals to the unknowing masses that Fannie Mae has problems by regurgitating some findings of the report and signs on as a co-sponsor of S190. Here is a link to the Senate record: McCain sounds the alarm! That's it. That's what all the fuss is about. Nothing else happened with regard to S190 or HR1461. McCain doesn't say anything else.
And for the icing on the cake, HR1461 and S190 would actually weaken the regulation of Fannie and Freddie. Even the conservative think tank American Enterprise Institute thought these were bad bills: Reform That is Worse Than Current Law. Even Bush thought the bills were too weak: Bush says HR1461 too weak.
Statement of Administration Policy: H.R. 1461 - Federal Housing Finance Reform Act of 2005
[link to www.presidency.ucsb.edu]
Statement of Administration Policy: H.R. 1427 - Federal Housing Finance Reform Act of 2007
[link to www.presidency.ucsb.edu] |
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Anonymous Coward
User ID: 528360
10/18/2008 11:12 PM | | Re: In 2005 Bush and McCain tried to reform Fannie and Freddie with the Fed Housing Reform act but were blocked by Democrats. | Quote |
Because not everyone knows that while Obama and his corrupt Democrats were bleeding Fannie and Freddie for back pocket cash...the Reformer, John McCain was out warning the taxpayers as far back as 2005 about Fannnie and Freddie needing reform. Quoting: PACNWguy
Pac havent the nurses put you to bed yet ? |
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