I already proved this to be the lie it is, funny how with a majority in Congress and Bush as President the only thing we hear about the initiative was the Republicans TALKING about the it because the Republicans DID nothing!
Wait that is not true, Gramm introduced legislation to REDUCE oversight and regulation. On Sep 17, 11:38 am, piratelt <[EMAIL PROTECTED]> wrote: > Bush and the GOP wanted more regulation, Dems thought everything was > fine as far back as 2003. > > http://query.nytimes.com/gst/fullpage.html?res=9E06E3D6123BF932A2575A... > > ''The regulator has not only been outmanned, it has been outlobbied,'' > said Representative Richard H. Baker, the Louisiana Republican who has > proposed legislation similar to the administration proposal and who > leads a subcommittee that oversees the companies. ''Being underfunded > does not explain how a glowing report of Freddie's operations was > released only hours before the managerial upheaval that followed. This > is not world-class regulatory work.'' > > Significant details must still be worked out before Congress can > approve a bill. Among the groups denouncing the proposal today were > the National Association of Home Builders and Congressional Democrats > who fear that tighter regulation of the companies could sharply reduce > their commitment to financing low-income and affordable housing. > > ''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. ''The more people exaggerate these problems, the more > pressure there is on these companies, the less we will see in terms of > affordable housing.' > > On Sep 17, 9:34 am, studio <[EMAIL PROTECTED]> wrote: > > > > > On Sep 16, 9:43 pm, Gaar <[EMAIL PROTECTED]> wrote: > > > > Again holly... > > > > Your ignorance of how Washington D.C. works is NOT my problem. > > > Apparently it's a problem Bush doesn't understand either, as > > John McCain has said repeatedly that he went to the administration > > and expressed his concerns...and was ignored! > > > "My friends, *we* will never let this happen again". - John McCain > > > I don't know who *we* is, but it could easily be interpreted as > > "Republicans".- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
