Quote:
Originally Posted by Miller101
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. |
Maybe thats because Dems were running fannie and FMac , and Frank & Dodd were the Chair on the Sen/Cong. Finance committee's .
YouTube - obama fannie mae freddie mac ....
Subprime mortgage crisis - Wikipedia, the free encyclopedia ....
Subprime mortgage crisis - Wikipedia, the free encyclopedia, Lets face it , congress = fail !