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Originally Posted by budw38
here is an article from the NY times in 2003 on reform in regards to banking / home loans New Agency Proposed to Oversee Freddie Mac and Fannie Mae - NYTimes.com who was right on this, Hmm ? In 2005 ,Dems were saying we had no need for reform , video included Maxine Waters Caught Lying About Fannie Mae Ties on 'Real Time' | NewsBusters.org
McCain - Federal Housing Enterprise Regulatory Reform Act of 2005 (Democrats blocked reform) back in 05 , dems were saying Rep's sucked for wanting to pass reform on Banking and the GSE's too ... Blame Fannie Mae and Congress For the Credit Mess - WSJ.com And also in 2005 , lord Obama met with Fannie Mae CEO , and ... well we know how well that worked out . IN 2006 , Pelosi and Co. took control of congress , 4 years later have we seen anything get better ? Both parties suck , sad to say ,but the entitlement mantra from the Dems is sick .... we are entitled to what we work for , not what politician can steal from Peter and give to Paul . |
Democrats didn't block the bill budw. You can check it out here:
S. 190 [109th]: Federal Housing Enterprise Regulatory Reform Act of 2005 (GovTrack.us)
It specifically says that the bill was reported by the committee. Which means that the bill passed committee and then was put on the Calendar waiting for the Majority leader of that Chamber of Congress to put it on the floor for a vote/ debate. In this case it would have been the Senate Majority Leader; but he didn't. The Dems never filibustered this bill. This bill was never voted on. It was just a bad bill that several Republicans didn't like and ALOT of Dems; therefore it didn't pass.
And you can see it right here. This is the "Bills Summary/ Status and all Congressional Actions":
Bill Summary & Status - 109th Congress (2005 - 2006) - S.190 - All Congressional Actions - THOMAS (Library of Congress)
The Dems didn't filibuster this bill at all. It was your majority leader that failed to bring this to the floor for debate or a vote.
You have to keep in mind that this bill basically privatized the regulation of Fannie Mae and Freddie Mac. It basically took what was already there and switched it from Government to Private. Dems really didn't like that. In fact one of them said it was a shell game and it made no sense to do it...................thats a loose quote.