McCain Letter Demanded 2006 Action on Fannie and Freddie

Discussion in 'Politics & Religion' started by John_Wensink, Oct 11, 2008.

  1. http://www.humanevents.com/article.php?id=28973

    You can see the actual letter written using the link above.

    Sen. John McCain's 2006 demand for regulatory action on Fannie Mae and Freddie Mac could have prevented current financial crisis, as HUMAN EVENTS learned from the letter shown in full text below.

    McCain's letter -- signed by nineteen other senators -- said that it was "...vitally important that Congress take the necessary steps to ensure that [Fannie Mae and Freddie Mac]...operate in a safe and sound manner.[and]..More importantly, Congress must ensure that the American taxpayer is protected in the event that either...should fail."

    Sen. Obama did not sign the letter, nor did any other Democrat.
     
  2. Thanks -
    Some history can be sweet.
    (I'm still holding my nose tho on 11-2)
     
  3. curious then why the republican controlled congress never even brought it to a vote.
     
  4. Too many puckered pusses on both sides of those free flowing teets so possibly the reality of the vote not passing did not merit the effort? :(
    I'm sure a partisan historian may come out of the woodwork and enlighten us?