Posted: 05 Oct 2008 08:53 am
Post Subject: IT JUST AIN'T SO! Read Article
Laurie Dee Jones writes:
I guess they didn’t know that Fannie Mae was in good shape before the 2006 Democratic Congress began mismanaging it with unregulated lending. Democratic Sens. Chris Dodd and Barack Obama received healthy kickbacks. Senator John McCain warned Congress to set some limits for accountability, but no. And now ... what a nightmare.
I guess you haven't been paying attention. There was warnings from Republicans and Democrats way back in 2003 and again McCain said he warned about this in 2005. This was long before the Democrats got control of the Senate and House.
It was Phil Graham in 1999 that spearheaded the push to deregulate the financial markets. Bills passed after the depression of 1929 that were passed to prevent a financial meltdown were repealed in 1999 as a result.
Now Phil Graham was (and on a personal level still is) McCains economic goto guy. This is the same Phil Graham that just recently said the economy was fine and Americans were just a bunch of whiners. This is the same Phil Graham who pushed to deregulate the energy markets while at the same time his wife served on Enron's board of directors.
No Laurie, while it would be convenient to blame the Democrats and as you VP candidate would say with a wink and a nod IT JUST AIN'T SO!
Obama for US Senate Rick Noriega (Lt. Col in Texas Nat'l Guard) for US Senate
FAQ
Search Comments
Log in
Register
Re: IT JUST AIN'T SO! - 10/06/08 08:03:00 AM
Re: IT JUST AIN'T SO! - 10/05/08 12:01:00 PM
IT JUST AIN'T SO! - 10/05/08 08:53:00 AM