The Editorial Times.ca: Fannie Mae/Freddie Mac: May 5, 2006



The Editorial Times.ca

"The Thorn of Dissent is the Flower of Democracy"©

or, if you'd rather...
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with apologies to Leslie Gore




"Of all tyrannies, a tyranny exercised for the good of its victims may be the most oppressive. It may be better to live under robber barons than under omnipotent moral busybodies. The robber baron’s cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end, for they do so with the approval of their own conscience.” CS Lewis.


©Chris Muir

Sunday, October 12, 2008

Fannie Mae/Freddie Mac: May 5, 2006





The second signature on the left, if you don't recognize it is "John McCain"

Powerline:

"One thing I hadn't realized is that McCain's reform legislation was passed through the Senate Banking Committee, but was not able to gain majority support on the Senate floor. All twenty Senators who signed the letter calling attention to the urgency of reforming Fannie Mae and Freddy Mac were Republicans. After May 2006, the Democrats continued to use Fannie and Freddy as their private slush funds until the inevitable collapse, which McCain had warned against so eloquently, occurred."

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