Jump to content

An interesting historical read about the current economic crisis.


Gaf The Horse With Tears

Recommended Posts

Posted

McCain’s attempt to fix Fannie Mae, Freddie Mac in 2005

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):

follow the link and read the rest... follow every link on the page... do a web search and see just how much money Obama has taken from certain lobbyists from certain mortgage companies.

Posted

wasnt it in the range of 30 million that obama got. if i remember correctly

Archived

This topic is now archived and is closed to further replies.

  • Forum Statistics

    38.9k
    Total Topics
    821.8k
    Total Posts
  • Who's Online   0 Members, 0 Anonymous, 77 Guests (See full list)

    • There are no registered users currently online
  • Topics

  • Posts

    • TronRP
      ~~~~~ Wow.  I hope that works out for you.  Will you be moving your ranch there?
    • TronRP
      6:15pm - Who's Online   1 Member, 0 Anonymous, 22 Guests(See full list) TronRP
    • Soulrev
      I'm thinking I'm going to be moving to AZ, soon! Can't wait! I friggin' love it here! The heat doesn't bother me at all and the best part? NO SNOW!!! (S.N.O.W. - Shit  No One Wants)   Been staying in Bullhead City where the kids and grandkids live. Next, we're going to the wife's cousin's which is a ways North of Kingman, in the middle of nowhere, where we actually plan to move.   I really like Bullhead. It's a nice little town. Not overcrowded like Colorado Springs has become, at all. Very light traffic, reasonable prices on everything, low taxes, etc. The river offers a lot to do, with a lot of beaches and campgrounds all around it.   But yeah even though we've been over 110º-115º F just about every day,  I can handle it!  What I can't handle anymore, is snow and being cold. Just tired of it. Give me the desert over a blizzard any day!    
    • kat
      I'm at a weird stage in life right now.
    • kat
      Nope, we wasn't doing anything. I didn't want to go by myself.  I ended up doing karaoke here. It would of been a perfect day to go, though. 
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.