09-17-2008, 09:53 AM
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CC Member
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Join Date: Jul 2001
Location: Senoia,
Ga.
Cobra Make, Engine: 427SO with big twin autolite inlines on custom intake, jag rear, top loader, wembeldon white, guardsmen blue stripes
Posts: 3,155
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Not Ranked
McCain smelled the smoke in 06'
Quote; race42008
McCain warned of Fannie Mae “accounting scandal,” sought reform, in 2006
There’s been a lot of posturing by the Obama campaign the past couple of days over the hits to the financial industry, and questioning of whether John McCain “gets it.” He got it, all right. The following is a statement made by Sen. McCain on the floor of the Senate on May 25, 2006, regarding the need to reform the housing finance industry, and particularly to bring greater accountability to Fannie Mae.
In summary, the bill, S. 190, of which John McCain was one of only four co-authors (Sen. Obama being none of the other three), proposed to amend the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to establish an independent Federal Housing Enterprise Regulatory Agency which would have authority over the Federal Home Loan Bank Finance Corporation, the Federal Home Loan Banks, the Federal National Mortgage Association (Fannie Mae), and the Federal Home Loan Mortgage Corporation (Freddie Mac).
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Perry
Remember!, there's a huge difference between a 'parts' changer, and a mechanic.
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