Post by Adam on Sept 26, 2008 7:17:23 GMT -5
McCain’s attempt to fix Fannie Mae, Freddie Mac in 2005; Update: Obama can’t get AIG rightposted at 11:45 am on September 17, 2008 by Ed Morrissey
Send to a Friend | printer-friendly With the financial sector in turmoil today, the media and the politicians have started throwing around blame with the same recklessness as lenders threw around credit to create the problem. Politically, the pertinent question is this: Which candidate foresaw the credit crisis and tried to do something about it? As it turns out, John McCain did — and partnered with three other Senate Republicans to reform the government’s involvement in lending three years ago, after an attempt by the Bush administration died in Congress two years earlier. McCain spoke forcefully on May 25, 2006, on behalf of the Federal Housing Enterprise Regulatory Reform Act of 2005 (via Beltway Snark):
www.topix.com/forum/source/akron-beacon-journal/T7GG2N5342O0NKTO6