Iriemon

Do you have any evidence to support that, or are you just making statements as credible as the article you concede is false?

Iriemon

Leglislation was not passed by a Republican controlled committee in the Republican controlled Congress with a Republcian controlled White House, to provide more regulation for entities regulated for the past 7 years by Republican executive branch agencies with heads appointed by a Republican president and approved by a Republican controlled Senate.

It's all the Democrats fault.

Truth Detector

The answers to your questions are simple Iremon; Republicans failed to get it out of committee due to the extremist efforts of the Democrats who refused to let it out of committee.

Now you can wallow in denial, or willingly suspend disbelief; but the FACTS of this failure are clear.

The ISSUE here is not only the intransigence of Democrats and their efforts to PREVENT regulation from occurring as is shown in VIDEOS and transcripts, but their despicable and partisan attempts to blame Republicans.

Let’s make this VERY clear, it is not Republicans who started the finger pointing, it was the Democrats because the record clearly points the blame at them.

Your desperate partisan attempts to argue otherwise are typical of those who always decry Republicans for never admitting they are wrong, but then hypocritically do EXACTLY that.

Carry on

McCain on May 25th, 2006:

The OFHEO report also states that 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.

I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, 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.

I urge my colleagues to support swift action on this GSE reform legislation.
Hot Air Blog Archive McCain’s attempt to fix Fannie Mae, Freddie Mac in 2005; Update: Obama can’t get AIG right

““For many years the President and his Administration have not only warned of the systemic consequences of financial turmoil at a housing government-sponsored enterprise (GSE) but also put forward thoughtful plans to reduce the risk that either Fannie Mae or Freddie Mac would encounter such difficulties. President Bush publicly called for GSE reform 17 times in 2008 alone before Congress acted. Unfortunately, these warnings went unheeded, as the President's repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those who emphatically denied there were problems. “

“2001 April: The Administration's FY02 budget declares that the size of Fannie Mae and Freddie Mac is "a potential problem," because "financial trouble of a large GSE could cause strong repercussions in financial markets, affecting Federally insured entities and economic activity.”
“Significant details must still be worked out before Congress can approve a bill. Among the groups denouncing the proposal today were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing.

“ ''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 Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.'' ”

The effort to put in regulation failed.

fanny mae and freddie mac - a history | economics zone at abelard.org

YouTube - Obama Ranks Second In Freddie/Fannie Contributions

DivineComedy

Yes, I know.

I have suspected they are Democrats in disguise, ever since the overwhelming response to a 2005 attempt to get a response to what I knew about the credit crisis.

"I still would really like to hear from responsible civilized Democrats." http://www.debatepolitics.com/archiv...tml#post130651 (Democratic Platform STRONG, HEALTHY FAMILIES)

Iriemon

You mean those mean old Democrats who didn't have a majority in committee and didn't control the chair?

Bull****.

Republicans controlled the chair and had a majority. They could move anything they wanted.

McCain came in after a report on accounting improprieties and tacked his name on a dead bill as a poltical and otherwise didn't do a damn thing about it.

There is plenty of blame to go around. Your attempts to paint this as all the Dems fault when the Republicans controlled the Congress, the committees, the WH and the agencies with oversight responsibility is beyond lame.

Iriemon

The Democrats should have forced the Republican controlled Congress, the Republican controlled White House, and the Republican heads of the Republican executive branch agencies responsible for overseeing Fannie to act!

sazerac

So when the democrats tell you that they can't stop funding Iraq because of the republican minority are they lying? Or is it because you can't pass a bill unless some members of the other party agree with you ?

It is documented that republicans tried to create a new system of oversight and the democrats ranted against it.

hrdman2luv

Every problem we have in this country was created by a Democrat or a Republican. Both parties are responsible.

Which is why I'm voting 3rd party. A vote for a Democrat or a Republican, is a wasted vote for America.....period.

__________________
Don't blame me. I voted for Ron Paul.

DivineComedy

Yes!

It is a little hard to force someone to do something, when if you disagree with one solution to the problem you cannot say what your solution to the problem is.

http://www.debatepolitics.com/us-par...post1057750237

{I hear chirping again.}

Barney Frank said they would get around to a fix next year, no details, just keep bailing.

Truth Detector

I guess you don’t understand how committees work do you. Instead you want to cover your eyes and ears and refuse to listen to THEIR words, listen to THEIR obstruction and continue to falsely suggest that the Republicans were the ones asleep at the wheel; and yet, the RECORD doesn't support your desperation to wallow in denial.

This explains how Democrats can have so many followers; most don’t even know how legislation is created and moved to the floor of the House and Senate.

You get the last word; it's obvious you wouldn't admit the truth if it walked up and introduced itself to you. Those videos of the hearing in 2005 were all made up actors that just LOOKED like Frank Barney and Maxine Waters.