Archive for category Presidential elections
I suggest everyone go to govtrack.us and look at John McCain’s record on attempting to reform the regulation of Fannie Mae and Freddy Mac. On May 25, 2006, John McCain urges:
…Fannie Mae used its political power to lobby Congress in an effort to interfere with the regulator’s examination of the company’s accounting problems. This report comes some weeks after Freddie Mac paid a record $3.8 million fine in a settlement with the Federal Election Commission and restated lobbying disclosure reports from 2004 to 2005. These are entities that have demonstrated over and over again that they are deeply in need of reform.
For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac–known as Government-sponsored entities or GSEs–and the sheer magnitude of these companies and the role they play in the housing market. OFHEO’s report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO’s report solidifies my view that the GSEs need to be reformed without delay.
John McCain co-sponsored S. 190 [109th]: Federal Housing Enterprise Regulatory Reform Act of 2005. Unfortunately, it did not make it out of the Senate Banking, Housing, and Urban Affairs committee.
This committee is now chaired by Christopher Dodd [D, CT]. If we examine Top Recipients of Fannie Mae and Freddie Mac
Campaign Contributions, 1989-2008, the largest recipient was none other than Christopher Dodd.
See more funny videos at Funny or Die
This is the smartest thing any candidate has said yet! Too bad it’s a joke…
The Washington Post published an article titled Economic nonadvisers by Richard W. Rahn, which compares the economic policies of Barack Obama and John McCain.
