- Joined
- Jun 13, 2012
- Messages
- 3,195
- Reaction score
- 1,192
- Gender
- Undisclosed
- Political Leaning
- Libertarian - Right
President Bush was not in favor of S.190 either. Nice try though. :lol:
Freddie Mac - Wikipedia, the free encyclopedia
SnipPresident Bush recommended a significant regulatory overhaul of the housing finance industry in 2003, but many Democrats opposed his plan, fearing that tighter regulation could greatly reduce financing for low-income housing, both low- and high-risk.[29] Bush opposed two other acts of legislation:[30][31] Senate Bill S. 190, the Federal Housing Enterprise Regulatory Reform Act of 2005, which was introduced in the Senate on January 26, 2005, sponsored by Senator Chuck Hagel and co-sponsored by Senators Elizabeth Dole and John Sununu. S. 190 was reported out of the Senate Banking Committee on July 28, 2005, but never voted on by the full Senate.
Fail
As was stated previously President Bush shoulders some blame, but Democrats still share the majority of the blame. Your quoted text even proves my point :lol:
Bush repeatedly tried to push for GSE reform and the Democrats (their campaign coffers filled with GSE campaign donations) claimed there wasn't a problem. Democrats are primarily responsible for the Housing Crash.
Nice try though :2wave: