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September 25, 2008

McCain leads, Prince Feckless **Updated**

is reduced to stammering about how his staff can handle the details, what a big plane he has, and this is just an "iffy" situation anyways...

Whoopsy!

It's not like John McCain hasn't been here before.

For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac--known as Government-sponsored entities or GSEs--and the sheer magnitude of these companies and the role they play in the housing market. OFHEO's report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO's report solidifies my view that the GSEs need to be reformed without delay.

I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.

Hello? That bill was introduced in January 2005 and was blocked by Democrats. That's not the only time Democrats have screamed Don't You Dare Touch Fannie and Freddie! You big MEANIE RETHUGLICANS! You don't want poor people to have the house of their dreams! Meanies!
''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''
Barney Wormtongue Frank mewling about financial crisis mongering then; a man who was literally in bed with a Fannie Mae executive, and is now complaining that McCain should just shut up and let Barney handle it.

Because, yeah, Barney and the Dems have handled the growing Fannie/Freddie debacle so well these past five years.

Meanwhile, Prince Feckless, who was loudly crowing about his qualification to be President as a "leader" who "brings people together" (never citing one instance in which he actually did that) is reduced to having to be actually coaxed by to DC.

**UPDATE** Belying Wormtongue, Feckless and Dems claims that McCain went to DC "uninvited" or as "a stunt"--

BOB SCHIEFFER: I am told, Maggie, that the way McCain got involved in this in the first place, the Treasury Secretary was briefing Republicans in the House yesterday, the Republican conference, asked how many were ready to support the bailout plan. Only four of them held up their hands. Paulson then called, according to my sources, Senator Lindsey Graham, who is very close to John McCain, and told him: you've got to get the people in the McCain campaign, you've got to convince John McCain to give these Republicans some political cover. If you don't do that, this whole bailout plan is going to fail. So that's how, McCain, apparently, became involved.

Posted by Darleen at September 25, 2008 06:30 AM

Comments

Boy you're gullible. McCain isn't on any of the relevant committees. He won't have anything to do with the ultimate bill. This is just another stupid attention-getting ploy like Palin. McCain flails around from position to position (he was against bailing out AIG before he was against it; the fundamentals were strong, now it's a huge crisi) while Obama stays steady and calm. Obama looks like a leader, McCain looks out of his depth.

Posted by: Josh at September 25, 2008 11:01 AM

Dude that Kool-Aid must be the shit.

McCain is Mister effin deregulation. He's said so himself. to the words Savings and loan scandal mean anything to you?

Don't let the Malox mustache fool you. Mccain isn't a lovable old uncle, he's a dangerous crackpot.

Posted by: Muwhahah at October 1, 2008 11:16 PM