Aging Vermonters grim about facing hard times
It's an organization 128,000 Vermont members strong. But, on Wednesday, an audience of about 150 members of AARP and interested locals said they were losing their financial strength, a concern expressed at a ...
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#1 Sep 25, 2008
Thank the dems for that.
The same democratic politicians who today decry the lack of intervention to stop excess risk taking were the ones who blocked the only legislative effort by John McCain that could have stopped it.
“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.”- John
The failure of Fannie Mae and Freddie Mac could have been averted IF Federal Housing
Enterprise Regulatory Reform Act of 2005 had been passed.
Federal Housing Enterprise Regulatory Reform Act of 2005 only had three co-sponsors :
Elizabeth Dole, John McCain and John Sununu. For Nancy Pelosi blaming the GOP is
downright an insult to ALL of US TAXPAYERS!
Gee, and who did the now Government financed mortgage broker Fannie Mae give its
money to when it wanted to influence a politician?
OpenSecrets lists the top three politicians in which FNMA “invested” from 1989 to 2008.
Top Recipients of Fannie Mae/Freddie Mac Campaign Contributions, 1989-2008Name
Office State Party Grand Total
Dodd, Christopher S CT D $165,400
Obama, Barack S IL D $126,349 ($6000 came from the PAC)
Kerry, John S MA D $111,000
What about McCain?
The folks at Fannie Mae didn’t show him a lot of love. According to Open Secrets:
McCain, John S AZ R $21,550 (all from individuals).
Oh yeah, and who tabbed the former head of Fannie Mae to head up his Vice Presidential
search team? OBAMA, that’s who. Back in May Barack turned to Jim Johnson, former
CEO of Fannie Mae.
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