McCain Ltr Demanded Action

iVillage Member
Registered: 09-05-2008
McCain Ltr Demanded Action
4
Sat, 10-11-2008 - 8:15pm

McCain Letter Demanded 2006 Action on Fannie and Freddie


http://www.humanevents.com/article.php?id=28973#continueA


Copy of letter is shown.

iVillage Member
Registered: 09-05-2008
Sat, 10-11-2008 - 8:48pm
McCain Letter Demanded 2006 Action on Fannie and Freddie



Sen. John McCain's 2006 demand for regulatory action on Fannie Mae and Freddie Mac could have prevented current financial crisis, as HUMAN EVENTS learned from the letter shown in full text below.



McCain's letter -- signed by nineteen other senators -- said that it was "...vitally important that Congress take the necessary steps to ensure that ...operate in a safe and sound manner...More importantly, Congress must ensure that the American taxpayer is protected in the event that either...should fail."




iVillage Member
Registered: 10-08-2008
Sat, 10-11-2008 - 8:51pm

How come he didn't follow up on this demand letter in the two years since?

 

iVillage Member
Registered: 09-08-2006
Sat, 10-11-2008 - 9:12pm
The bigger question is why hasn't Congress addressed what we are going to do to reverse the problems that got Fannie Mae, Freddie Mac and all the private institutions into the trouble in the first place.

 

iVillage Member
Registered: 09-15-2008
Sat, 10-11-2008 - 9:23pm

this has been talked about many time the past few weeks. i can sum up how it plays out.


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