Political Football

Bush recommends oversite of Fanny Mae Freddie Mac in 2003

[from 2003] ”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.

defeated by Congress

McCain alerted the Senate to potential problems with Fanny Mae Freddie Mac in 2006

[from 2006] In this speech, McCain managed to predict the entire collapse that has forced the government to eat Fannie Mae and Freddie Mac, along with Bear Stearns and AIG.  He hammers the falsification of financial records to benefit executives, including Franklin Raines and Jim Johnson (received $21,000,000 in one year] both of whom have worked as advisers to Barack Obama this year.

defeated by Congress

Obama received the 2nd most contributions from Fannie/Freddy in a 10 year summary (and Barry has only been a senator for 4 years!).  Top contribution goes to Christopher Dodd (the D from CONN) who has oversight of the Senate Banking Committee.

Obama’s VP vetting was initially assigned to former Fannie Mae CEO James Johnson.

YES, Madame  Speaker, an investigation is welcome.

House Democrats plan to aggressively look at the administration’s role in the meltdown over the weekend and to explore further regulation and government structures that would be taken up under the new president.

Be careful what you ask for…

I HAVE AN IDEA!!!

Let’s start with Jamie Gorlick who walked away with $26,000,000 from Fannie Mae and also played a major part in the Clinton Administration and the destruction of … well take the link and read it all yourself.  yeesh.  yep, Bush’s fault.

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