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Like how you're trying to confuse reasonable people by changing the subject? I like how in every topic about the town hall meeting, you just can't deal with the truth so you change the subject. Its good to see actual evidence that were getting to you, most of the conservative whackos on this site just stop posting after they are exposed like you have been.
Now, now nickel....you are just all wee wee ed up.
Now, now nickel....you are just all wee wee ed up.
Man I was hoping you'd at least try to display some political knowledge in your next post, or any knowledge at all really. Guess you just ran out of things to say, seeing as how I've seen you post this twice before already
Man I was hoping you'd at least try to display some political knowledge in your next post, or any knowledge at all really. Guess you just ran out of things to say, seeing as how I've seen you post this twice before already
You will see that post many times over because it is so glaringly representative of Obama without his teleprompter.
What regulation? Barney Frank and the Dems blocked regulation attempts until 2008. Just ask Sununu, Hagel, Dole, McCain, and Martinez.
Please explain how Barney Frank a member of the House of Representitives blocked the Senate from doing anything.
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* On July 31, 2003, Sununu joined Senators Chuck Hagel (R-NE) and Elizabeth Dole (R-NC) in introducing legislation to strengthen and improve the oversight of Fannie Mae and Freddie Mac (S. 1508).
You must not have read this bill. What it does is take regulation of Fanny and Freddy from HUD and gives it to the Treasury, responsibility remains the same. I suggest you read it.
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* On January 26, 2005, Sununu, Hagel, and Dole re-introduced legislation (S. 190) to improve oversight of GSE’s.
I have posted the text of this bill on this board I take it you never read it either. What this bill does is take the regulatory responibility from HUD and gives it to an outside Agency. This bill would have efectively turned regulatory responsibility of Freddy and franny over to Freddy and Franny. Read the bill.
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* On April 12, 2007, Sununu, Hagel, Dole, and Senator Mel Martinez (R-FL) re-introduced legislation (S. 1100) to improve oversight of GSE’s.
Please post a link to the text of this bill. A google search failed to turn up this bill.
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The first 2 attempts at reform legislation made it out of committee, but the Dems refused to support them, so the bills never would have received the 60 votes (super-majority) required to pass cloture, and so both bills died.
BS Bill 1508 died in the Banking committee with no vote taken.
Bill S190 died in committee no vote taken
Both bills never got out of Republican chaired committees. They never needed a super majority that is just a huge bowl movement passed by talk radio.
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Not until July of 2008 did the Dems jostle themselves out of their 'nothing's wrong at Fannie/Freddie' stupor to support the 3rd attempt at passing GSE oversight legislation.
The oversight duties of Franny and Freddi were the responsibility of the OFHEO. Yet in your spewing of talk radio bullet points you have completely denied there exisitance. Why is that? Could it be because this board reported directly to the Bush Administration?
There have been many calls for greater oversight and regulation of Fannie's and Freddie's financial activities. The Dems, including Barney Frank, kept opposing them until the disaster we have now was unavoidable. C'mon... 60-to-1 leverging? Who the hell thinks that's sustainable?
There have been many calls for greater oversight and regulation of Fannie's and Freddie's financial activities. The Dems, including Barney Frank, kept opposing them until the disaster we have now was unavoidable. C'mon... 60-to-1 leverging? Who the hell thinks that's sustainable?
There have been many calls for greater oversight and regulation of Fannie's and Freddie's financial activities.
BS If you would bother to read the bills you would find the calls were for less regulation not more. The old Republican theme of let business regulate itself. Well GW managed to screw it up any way.
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The Dems, including Barney Frank, kept opposing them until the disaster we have now was unavoidable. C'mon... 60-to-1 leverging? Who the hell thinks that's sustainable?
Your numbers are from May 2008 after the crash, show numbers that the Bush administration released before the crash. You'll find they showed no problems.
BS If you would bother to read the bills you would find the calls were for less regulation not more. The old Republican theme of let business regulate itself. Well GW managed to screw it up any way.
Um, no. The bills, at the least, called for regulation and oversight of minimum and critical capital levels and risk-based capital testing.
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Your numbers are from May 2008 after the crash, show numbers that the Bush administration released before the crash. You'll find they showed no problems.
Again, no.
OFHEO, which oversees bothFannie Mae andFreddie Mac, had classified Fannie as "significantly undercapitalized" as of Dec. 31. By law, the regulator classifies Fannie and Freddie as adequately capitalized, undercapitalized, significantly undercapitalized or critically undercapitalized. Greenspan: Fannie Mae and Freddie Mac abusing public trust - May. 19, 2005
Furthermore, Fannie has previously released documents indicating that their 'best lenders' were allowed to use relaxed lending standards and that Fannie was buying Countrywide's (designated as a GSE 'best lender') 'Fast and Easy' no doc liar loans in 2000 and earlier.
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Freddy and Franny. Read the bill. 
