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The Dems Failed Us in 2005

This clip from Special Report with Brit Hume tonight shows exactly why we're in the mess we're in right now with Fannie Mae and Freddie Mac. In 2005, Greenspan warned us that F&F were heading off a cliff, and the Republicans sponsored legislation to force regulation on both agencies. Who voted and how? All Republicans voted for the regulation, and ALL Democrats voted against it. Including the now-chairman of the oversight committee that oversees that, Chris Dodd.

It should be mentioned that Dodd was the highest paid recipient of Fannie Mae contributions, so is this truly a surprise? What a bunch of hypocrites the Democrats are - and now they are all trying to blame Bush and/or the Republicans.

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Added: Sep-23-2008 
By: MsUnderestimated
In:
News
Tags: Chris Dodd, Freddie Mac, Fannie Mae, Fox News, Brit Hume, Mortgages, Lenders, Banking Committee, Politics, Congress
Views: 8151 | Comments: 21 | Votes: 0 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 1
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  • This is obvious a false report. All the Dems are blaming Bush and the Republicans, and we all know that they never lie. You will know who is guilty when they say "Now is not the time to look for blame, we must find a solution"

    Posted Sep-23-2008 By 

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  • Republican Reforms Blocked by Democrats

    In the year 2000 Congressman Richard Baker (R-La.) then the chairman of the House subcommittee that had jurisdiction over Fannie and Freddie introduced legislation to more tightly regulate the mortgage giants. The bill never saw the light of day. Congresspersons from both parties receive contributions from Fan & Fred and collectively they spent $174 million lobbying Congress the last ten years.

    The result of Rep. Baker%u2019s legislation would not ha More..

    Posted Sep-23-2008 By 

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  • Franklin Delan Raines made 90 million bucks in 6 years to bankrupt Fannie Mae. Is that a fair salary?

    Posted Sep-23-2008 By 

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  • Comment of user '1966feb24' has been deleted by author (after account deletion)!
  • Comment of user 'jsczerby' has been deleted by author (after account deletion)!
  • Faux news... The credibility of this "news" organization is on par with supermarket tabloids... They have hot girls though..

    Posted Sep-23-2008 By 

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  • Your right! This is a false report, when showing a poor neighborhood, they focus on two old white ladies.
    We know who really recieved the bad loans, it was not those two!

    Posted Sep-23-2008 By 

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  • The Cons fail us everyday. Lame ass post

    Posted Sep-23-2008 By 

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  • Banks knew what they were doing. Getting rich off the backs of Joe Average. The same attitude as any Check cashing/title loaning operation.

    Posted Sep-23-2008 By 

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    • right and the people who were "making millions" in the real estate market and taking out 100% of their equity were just victims, come on.

      Posted Sep-24-2008 By 

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    • You're right too. I generalized. Many who signed mortgages falsified their credit and ability to pay by puffing their earnings potential at the directin of the Mortgagee's. They should not be assisted either.

      Posted Sep-24-2008 By 

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  • Faux News dances to the tune of Rupert Murdock an international power-mad person who took out American citizenship just so he could buy up TV/ Cable stations. We are all being controlled by these assholes. Get rid of your credit cards pay off your debt and tell them all to kiss your ass.

    Posted Sep-23-2008 By 

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  • The truth is coming out. It's our money and they have burned it in the name of fair housing. Fire them all. These guy's would not last 1 week in the private business sector.

    Posted Sep-24-2008 By 

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  • President Truman: "You know, it's easy for the Monday morning quarterback to say what the coach should have done, after the game is over. But when the decision is up before you -- and on my desk I have a motto which says The Buck Stops Here' -- the decision has to be made."

    Posted Sep-24-2008 By 

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  • lol @ Cons

    the Dems upheld Republican beliefs even when the Republicans couldn't.

    this is good. not bad.

    Posted Sep-24-2008 By 

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  • Republican chaired committee during a Republican presidency when the Republicans had control of Congress and somehow it is the Democrats fault. ROFLMFAO. How can you even look yourself in the mirror? If the Publiturds wanted regulation they could have easily just written up a bill and passed it without a single vote from the Democrats.

    Posted Sep-23-2008 By 

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    • they had 6 years of control over the House and Senate

      Posted Sep-23-2008 By 

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    • The Democrats blocked Freddie Mac And Fannie Mae Reform And Oversight. You as a well informed person knows this Las...Well before 2005. Should I dig it all up for you.

      Posted Sep-23-2008 By 

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    • 6 out of the last 50. You are correct.
      They did however not act like it. Instead they tried to get along and fell into the money trap.
      No matter what the media is spewing, the root cause was the change in the mandate to Freddie and Fannie. Freddie and Fannie were then converted to a ATM machine for the Congress and place to appoint political cronies to the board in return for their favors. Thank you Mr. Clinton.

      Posted Sep-24-2008 By 

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