I think it was Bush 5 years ago that called attention to the corpse named Freddie/Fannie. Barney Frank, the leading Democrat on the issue, sat complacent.

McCain called for action in 2006, again, the Democrats were complacent.

Why should we trust Obama when he has received more money from Freddie/Fannie than anyone else but the lead of the committee?

If Freddie/Fannie were fixed, the mortgage industry wouldn't be a mess, and subsequently, this financial crisis would have been prevented, or at least, be much less severe.

McCain-Palin 2008.

What do you want done next? BHO and Biden talk like they want to take over Wall Street. I do not want Washington directing my investements or managing my retirement accounts, like my 401K. I would rather put the money under the bed them put it their hands. Good luck on investing in the old USA with all that money taken out of wall street.

McCAIN = LIPSTICK ON A BUSH

The Obama-Biden campaign is starting to find a real voice against McCain. Helps that the economy tanked at just the right time for them...

http://www.political-buzz.com/

Wow, Palin thinks that she can obstruct justice.

TYPICAL REPUBLICAN CROOK.

Hey matt. Careful there buddy. It looks like you are happy about the economy. We know Obama is jumping for joy and thinking this is a good thing for him. You don't really need to point it out, though. Does Obama really care about anything other than winning? I don't think so, and his glee about the economy is a real turn off.

Barack Obama's 2006 Stop Fraud Act may have prevented sub prime lending crisis
By Charles Brister - May 3rd, 2008 at 10:16 pm EDT

Comments | Mail to a Friend | Report Objectionable Content
Barack Obama's 2006 Stop Fraud Act may have prevented sub prime lending crisis.

Article and comments below.

http://www.flippingfrenzy.com/2006/02/15

Text of Legislation

http://www.govtrack.us/congress/billtext.xpd?bill=s109-2280

Leading to the Sub-Prime Housing Crisis:
Obama vs. Clinton (2007)

http://www.progressohio.org/page/community/post/jayjayman/C3vs

LESSONS
The lesson in this one single bill is that in the housing sector, Senator Obama is seems more aware of the issues that affect home owners in this cycle of the market. He was looking to tighten the regulations, while Senator Clinton was seeking to loosen the regulations.

This is more evidence that McCain hasn't got a clue what to do about the economy. He heard Ben Stein call for the firing of Secretary Paulson, Cox, and the creation of a trust company to separate the distressed assets from the banks. The next day, he parrots two out of three in order to give the impression that he's one of the smartest guys in the room.

Even if a change at the SEC was ultimately deemed necessary, what did this little bit of grandstanding accomplish, other than to get him a little attention, and distract people from the reality that he doesn't know what he's doing.

As for being happy about the meltdown in the economy, I am happy that a terminal disease which has been silently consuming the current assets and future prospects of this country has finally gotten so bad that the folks who have been exploiting it have been exposed. At least now we know what we're up against, the first step towards fixing it.

SEC Chairman Chris Cox is a good strong, conservative Republican who has been doing more to serve this country in a time of crisis than either of the candidates. At least Obama didn't go off on him in public to make a political point. Who is this guy, McCain? God? If he wanted to make a sincere effort, he would have called the Chairman up at an appropriate time and let him know his concerns. To dress the guy down in public like that in an attempt to score political points is INCREDIBLY, INCREDIBLY petty and, to say the least, unhelpful. Let the guy do his job!!! My goodness!

I love republicans....nobody has a knack for mindless spin like them. Why didn't Barney Fank do anything...or Obama......how about the republican senate and congress didn't allow any democrat to do anything that would help americans..heck no....that might cause them to lose an election because people would have seen they were a piece of crap .. oh I remember, you were too tied up in the help the rich get richer agenda. Do you honestly want me to believe that John McCain would have voted yes on a regulation bill? That would have been a departure from the 19 other times he voted for de-regulation...god forbid. We are not eating the crap sandwich this time. I am sure glad the american people stopped mcBush in his persuit of putting everyones social security in this mess. Nothing like taking the spoon out of grandma's mouth and kicking her to the curb "cause the market tanked due to this lack on oversite neo con agenda". she just lost her retirement funds she paid into for all those years just to make your buddies rich. Good thing repugnakins don't have a concious...or they might even feel bad.

Can we please get a story regarding McCain's new selection to head up his Minority Outreach program: George "Macaca" Allen?

Obama argued a year ago for better controls on home lending, and six months ago for a rationalization of finance regs.

His arc shows promise:
Attended Harvard Law School
- Passed the bar on the first try (Hillary had to take it three times (? not sure of that)
- President of the Harvard Law Review,
spent 3 years as a community organizer (right out of school)
- Created a voter registration drive that registered 150,000 new voters
- 12 years as a Constitutional Law professor
- 8 years as a State Senator representing a district with over 750,000 people
- Chairman of the state Senate’s Health and Human Services committee
- 4 years in the United States Senate representing state of 12,831,970 people
-Sponsored 131 bills, including creating more transparency (i.e., "reform")
-Served on the Foreign Affairs, Environment, Public Works, and Veteran’s Affairs committees.

If I can borrow a phrase, "That's the experience we need."

I didn't get a Harvard education, but but I admire the fact that he did, and especially what he has done with it since.

Can we please get a story regarding McCain's new selection to head up his Minority Outreach program: George "Macaca" Allen?

Posted by: tooeasywaytooeasy
*********************************************** That's cold

If Zero-bama has tried to do some real, honest work in the Senate in the past 3.5 years, instead of running around being a talking head, giving empty promises, and bribing votes by promising to give them $1000 if they vote for him, he might have accomplishe a thing or two.

What more empty nothingness is he going to bring?

What's wrong with holding someone accountable? Why Not fire the head of
the SEC? If normal citizens don't do their jobs they get fired, what's the difference?

He is right. This administration has gotten away with so much and will never face the consequences.

But American voters can kick the bums out. That would at least be one consequence.

From:
Head of State
http://headofstate.blogspot.com/2008/09/also-will-call-for-democratization.html

Thursday, September 18, 2008
Also Will Call For Democratization, Removal of Burger King

ABC News:

"At a joint rally in Cedar Rapids, Iowa Thursday, Republican John McCain slammed the Security and Exchange Commission (SEC) for being "asleep at the switch" saying that if he were president, he would fire Chris Cox, the chairman of the SEC since 2005 and a former Republican congressman...
But while the president nominates and the Senate confirms the SEC chair, a commissioner of an independent regulatory commission cannot be removed by the president."

Perhaps he could name him President of Spain.

Cite:
Head of State
http://headofstate.blogspot.com/2008/09/also-will-call-for-democratization.html

McCain also stated that Obama received substantial lobbyist money from Fannie Mae/Freddie Mac. He was third largest recipient.

That would seem a bigger story.

All I know is that Republicans always favor the business community. "Let the market work it out". Well, speculators caused our gas to go sky high. Remember when Enron caused an artificial jack in the price of electricity in California. The government dropped interest rates time and time again for the market. Bankers loaned money like it was Christmas presents. And the speculators, the CEOs, the bankers all got rich while we have suffered. And did our government have any oversight on what was going on? They gave them a blank check and said the market could govern themselves.With no one checking, they did as they pleased. And is anyone being held accountable?
The Democrats will probably give my money to the poor, but at least the poor aren't heartless.

How much did everybody get from the gas tax holiday that McCain was going to give us for the summer?