Freddie Mac averted key bill

Freddie Mac averted key bill

There are 20 comments on the TwinCities.com story from Oct 19, 2008, titled Freddie Mac averted key bill. In it, TwinCities.com reports that:

Freddie Mac secretly paid a Republican consulting firm $2 million to kill legislation that would have regulated and trimmed the mortgage finance giant and its sister company, Fannie Mae, three years before the ...

Join the discussion below, or Read more at TwinCities.com.

Mahtomedi

Portland, OR

#1 Oct 20, 2008
Lets take the reporting one more step...how about listing the senators of both parties that supported it or opposed it. Lets get that follow-up story written fast!
GOP Votes for Sale

Fargo, ND

#2 Oct 20, 2008
Votes for sale. We've got Votes for sale. We're the GOP, and our votes are for sale.
Anti-American Evil-Doers

Minneapolis, MN

#3 Oct 21, 2008
Why won't the GOP bribe-takers stand up and let Michelle Bachmann know that they are anti-American?
She's right. We should expose these slimebags.

“We're all connected”

Since: Feb 08

St Paul, MN

#4 Oct 21, 2008
Why isn't this bigger news? Why aren't people commenting on this? This is horrible! How can anyone defend these Republicans and their actions?!?!

(For the first time in this election, I'm really hopping mad!)

“We're all connected”

Since: Feb 08

St Paul, MN

#5 Oct 21, 2008
BTW, the Strib more accurately titled this article:

"Mortgage giant, GOP firm targeted Republican senators for defeat of regulatory bill"

Paints a different picture. Here's their story!

http://www.startribune.com/politics/31250919....

“We're all connected”

Since: Feb 08

St Paul, MN

#6 Oct 22, 2008
Is no one else P!$$ED about this? Sorry, Monk, for having to use such language but NO ONE is paying attention to this article!!!!!
hockey pig with lipstick

Minneapolis, MN

#7 Oct 22, 2008
Mellers wrote:
Is no one else P!$$ED about this? Sorry, Monk, for having to use such language but NO ONE is paying attention to this article!!!!!
I can't believe it either. For weeks (months?) I've read about Freddie Mac this and Fannie Mae that and Clinton and Obama and Barnie and fill-in-a-Democrat's-name-here , but report a $2 Million buy-off of the GOP and the response is yawn, business as usual.
Where's the indignant horde clamoring for the press to investigate?
Where's Michelle Bachmann outing the Anti-American lobbyists and senators?
Can't gain a poll point by parroting this story all over, so it's move along, nothing to see here.
Wierd.

“We're all connected”

Since: Feb 08

St Paul, MN

#8 Oct 22, 2008
hockey pig with lipstick wrote:
<quoted text>
I can't believe it either. For weeks (months?) I've read about Freddie Mac this and Fannie Mae that and Clinton and Obama and Barnie and fill-in-a-Democrat's-name-here , but report a $2 Million buy-off of the GOP and the response is yawn, business as usual.
Where's the indignant horde clamoring for the press to investigate?
Where's Michelle Bachmann outing the Anti-American lobbyists and senators?
Can't gain a poll point by parroting this story all over, so it's move along, nothing to see here.
Wierd.
THANK YOU!!! Someone else gets it. How can ANY Republican support this? That's probably what it is-they're uncomfortably silent on the issue!
Pragmatist

Burnsville, MN

#9 Oct 22, 2008
Mellers wrote:
<quoted text>
THANK YOU!!! Someone else gets it. How can ANY Republican support this? That's probably what it is-they're uncomfortably silent on the issue!
They only targeted the Republicans with their lobbying efforts because the Democrats were already in their pocket on this bill. Look at the contributions. Both parties have plenty of blame to share.

“We're all connected”

Since: Feb 08

St Paul, MN

#10 Oct 22, 2008
This doesn't look like typical, run-of-the-mill lobbying to me. This smells more like, shhh....don't tell anyone-we want to vote our way so we can continue to get bloated but it's a secret!

"Freddie Mac secretly paid a Republican consulting firm $2 million to kill legislation that would have regulated and trimmed the mortgage finance giant and its sister company, Fannie Mae, three years before the government took control to prevent their collapse. "

Again, if the article was written "Freddie Mac secretly paid a Democratic consulting firm..."

Many posters here would be LIVID! I know it. Actually, a few would write: "I knew it! It's all their fault!" and worse. You know it, I know it.
Pragmatist

Burnsville, MN

#11 Oct 22, 2008
Mellers wrote:
This doesn't look like typical, run-of-the-mill lobbying to me. This smells more like, shhh....don't tell anyone-we want to vote our way so we can continue to get bloated but it's a secret!
"Freddie Mac secretly paid a Republican consulting firm $2 million to kill legislation that would have regulated and trimmed the mortgage finance giant and its sister company, Fannie Mae, three years before the government took control to prevent their collapse. "
Again, if the article was written "Freddie Mac secretly paid a Democratic consulting firm..."
Many posters here would be LIVID! I know it. Actually, a few would write: "I knew it! It's all their fault!" and worse. You know it, I know it.
Are you mad that the legislation got killed by a Republican lobbying company, or that if it had been a Democratic majority, they wouldn't have had to pay anyone, the Democrats were trying to kill it already. Check and see how much money Barney Frank and Barack Obama got from Freddie Mac and Fannie Mae. Lobbying companies try to kill and promote bills all the time. I really think that lobbyists' first amendment rights should be limited. Once again, on this particular bill that got killed, there was plenty of blame to go around both parties.

“Live Life with GUSTO!!!”

Since: Jun 08

St. Paul, MN

#12 Oct 22, 2008
Mellers wrote:
This doesn't look like typical, run-of-the-mill lobbying to me. This smells more like, shhh....don't tell anyone-we want to vote our way so we can continue to get bloated but it's a secret!
"Freddie Mac secretly paid a Republican consulting firm $2 million to kill legislation that would have regulated and trimmed the mortgage finance giant and its sister company, Fannie Mae, three years before the government took control to prevent their collapse. "
Again, if the article was written "Freddie Mac secretly paid a Democratic consulting firm..."
Many posters here would be LIVID! I know it. Actually, a few would write: "I knew it! It's all their fault!" and worse. You know it, I know it.
Why didn't anyone scream bloody murder earlier? Besides the Fannie Mae/Freddie Mac mess, don't forget Sallie Mae with thousands of government subsidized student loans along with a few sub-prime mortgages tossed in. Sallie Mae has a few secret skeletons in their closets, too. In fact Sallie Mae, along with credit card banks et.al., was a major player in the massive restructuring of [personal] bankruptcy laws over four years ago. What happened to the billions[?] of dollars that Sallie Mae showed on their bottom line? So you see, we ain't seen nothing yet! The election has this scandal on hold for now. Maybe, that is why news media or people won't comment because it is another mess that will rip the markets. It isn't going to be a pretty picture when this situation hits the proverbial fan.
Happy

Saint Joseph, MN

#13 Oct 22, 2008
Pragmatist wrote:
<quoted text>Are you mad that the legislation got killed by a Republican lobbying company, or that if it had been a Democratic majority, they wouldn't have had to pay anyone, the Democrats were trying to kill it already. Check and see how much money Barney Frank and Barack Obama got from Freddie Mac and Fannie Mae. Lobbying companies try to kill and promote bills all the time. I really think that lobbyists' first amendment rights should be limited. Once again, on this particular bill that got killed, there was plenty of blame to go around both parties.
BINGO! Well said. This hack job of reporting is specious. Granted the whole system is out of whack. But this bill was ultimately killed by the dems. To be sure the Reps aren't clean in this area by any stretch. But to somehow blame this on a lobbying firm is ridiculous. I agree with the other posters. I think lobbyists ought to be outlawed period. Of course it will never happen since both sides feed at the trough of lobbyists.
hockey pig with lipstick

Fargo, ND

#14 Oct 23, 2008
Happy wrote:
<quoted text>
BINGO! Well said. This hack job of reporting is specious. Granted the whole system is out of whack. But this bill was ultimately killed by the dems. To be sure the Reps aren't clean in this area by any stretch. But to somehow blame this on a lobbying firm is ridiculous. I agree with the other posters. I think lobbyists ought to be outlawed period. Of course it will never happen since both sides feed at the trough of lobbyists.
I agree with most of what you say about feeding at the trough of lobbyists and outlawing same. I can't help but see a double standard for Republicans that 'sell' their vote to the highest bidder vs Democrats who are 'voting the party line'. The latter seems to be 'evil' and the former 'forgettable'.
It is what it is though.

“We're all connected”

Since: Feb 08

St Paul, MN

#15 Oct 23, 2008
gtVoyageur wrote:
<quoted text>
Why didn't anyone scream bloody murder earlier? Besides the Fannie Mae/Freddie Mac mess, don't forget Sallie Mae with thousands of government subsidized student loans along with a few sub-prime mortgages tossed in. Sallie Mae has a few secret skeletons in their closets, too. In fact Sallie Mae, along with credit card banks et.al., was a major player in the massive restructuring of [personal] bankruptcy laws over four years ago. What happened to the billions[?] of dollars that Sallie Mae showed on their bottom line? So you see, we ain't seen nothing yet! The election has this scandal on hold for now. Maybe, that is why news media or people won't comment because it is another mess that will rip the markets. It isn't going to be a pretty picture when this situation hits the proverbial fan.
I truly find this different. Even McCain, who claimed there was a problem, was shut down by these 13 Republicans who were paid off to kill the bill. McCain wasn't paid off, to his credit, but wouldn't you be upset if you were McCain? He claims to be a maverick, fighting against his own party, who, in this case, were then bribed to kill the bill that could have prevented the mortgage crisis.

Don't you see the difference between this and simple contributions to candidates? Please, see the difference!!!(that's me begging)

“We're all connected”

Since: Feb 08

St Paul, MN

#16 Oct 23, 2008
hockey pig with lipstick wrote:
<quoted text>
I agree with most of what you say about feeding at the trough of lobbyists and outlawing same. I can't help but see a double standard for Republicans that 'sell' their vote to the highest bidder vs Democrats who are 'voting the party line'. The latter seems to be 'evil' and the former 'forgettable'.
It is what it is though.
Only if we let it. Only if we shrug and become indifferent on issues. I don't care WHO was involved with this-I'd be blushing with shame if the Dems did it. But I am absolutely outraged by the lack of outcry from ANYONE on this issue. Have we become THAT desensitized and careless of issues? Is Joe the Plumber and Palin's spending habits THAT much more important than this?

*very big sigh*

I'm afraid of the answer.

“We're all connected”

Since: Feb 08

St Paul, MN

#17 Oct 23, 2008
Happy wrote:
<quoted text>
BINGO! Well said. This hack job of reporting is specious. Granted the whole system is out of whack. But this bill was ultimately killed by the dems. To be sure the Reps aren't clean in this area by any stretch. But to somehow blame this on a lobbying firm is ridiculous. I agree with the other posters. I think lobbyists ought to be outlawed period. Of course it will never happen since both sides feed at the trough of lobbyists.
Please show how this bill was killed by the dems. I really honestly don't know much about it and am trying to learn.
hudaful

Minneapolis, MN

#18 Oct 23, 2008
Mellers wrote:
<quoted text>
Only if we let it. Only if we shrug and become indifferent on issues. I don't care WHO was involved with this-I'd be blushing with shame if the Dems did it. But I am absolutely outraged by the lack of outcry from ANYONE on this issue. Have we become THAT desensitized and careless of issues? Is Joe the Plumber and Palin's spending habits THAT much more important than this?
*very big sigh*
I'm afraid of the answer.
Mellers, you should be happy that our side doesn't need to trumpet it from the hilltops, and is instead talking about issues and policy. It's probably a pipedream to think that the politicians themselves will act to reform anything the lobbyists do that might benefit the politicians. That would be a real demonstration of 'Country First' though, wouldn't it.

“We're all connected”

Since: Feb 08

St Paul, MN

#20 Oct 24, 2008
hudaful wrote:
<quoted text>
Mellers, you should be happy that our side doesn't need to trumpet it from the hilltops, and is instead talking about issues and policy. It's probably a pipedream to think that the politicians themselves will act to reform anything the lobbyists do that might benefit the politicians. That would be a real demonstration of 'Country First' though, wouldn't it.
Agreed.

“We're all connected”

Since: Feb 08

St Paul, MN

#22 Oct 24, 2008
Randie K wrote:
Mellers,
You could start here:
http://www.linearpublishing.com/orsonscottcar...
<quoted text>
Hmmmm...I don't know what to believe, based on the article we're posting to-what's written there. I'll say what I've said before-complex problems have complex answers/solutions. There's plenty of blame to go around, that's for sure.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Chuck Hagel Discussions

Title Updated Last By Comments
News Flynn: Action on immigration needed (Oct '08) Dec '17 Muellers abandonment 29
News Hagel Confirmation Battle Portends Future Fights (Feb '13) Aug '17 C Kersey 11
News The Dishonorable Smear Of Chuck Hagel: A Warrio... (Jan '13) Jul '17 C Kersey 6
News Iraq isn't sliding into civil war, Rice says (Aug '06) Aug '15 Diatus Deus 27
News Pentagon chief nominee calls for stability in d... (Feb '15) Feb '15 tired of thinkon 5
News Hagel: Afghanistan on right track (Dec '14) Dec '14 tha Professor 13
News Hagel makes surprise visit to Afghanistan (Dec '14) Dec '14 Hooogle It 2
More from around the web