tpmcafe.talkingpointsmemo.com — LinkMarch 22, 2007The Honorable Ben Bernanke Chairman Board of Governors of the Federal Reserve System20th Street and Constitution Avenue, NW Washington, D.C. 20551 The Honorable Henry PaulsonSecretaryU.S. Department of Treasury1500 Pennsylvania Ave, NWWashington, D.C. 20220Dear Chairman Bernanke and Secretary Paulson,There...
Sep 23, 2008 View in Crawl 4
neognosticSep 24, 2008
This letter outlines how to stop the decline before it reaches the tipping point. We wouldn't be in the position today if his detailed steps outlined in the letter had been utilized. Yes, one of it's points is to find ways to keep houses being foreclosed on, but it is far better to find a way to keep the house with restructured payments, then to now be where we are now, with everybody having to foot the bill.BTW - Econ 101- mortgages don't lose value, houses lose value. Secondly - Why should we bail out the banks when there is a bubble? I didn't see the Fed asking for $700 billion when the tech bubble burst.
StardomeSep 25, 2008
Unfortunately we cannot get the answers to this question because Senator McCain just cancelled everything, the election debates which will cost Mississippi 5 million dollars-so much for helping the economy Mr. McCain. He also puts his campaign into suspension and this comes from a Maverick, who cannot handle more than one crisis at a time.It is not as if McCain could do anything anyway but he sounds like he thinks he is Superman here, coming in to save the day. All Republican strategy while the nation is in a crisis that they created.
StardomeSep 26, 2008
Which goes to show you what a mess the Republicans made, no matter how you slice it, its at their doorstep.Anyone who votes for this party again, has to be crazy. 12 years of Republicans - we will all be working for Mexican wages.
gramieeOct 7, 2008
May 25, 2006, CONGRESSIONAL RECORD—SENATE S5217 - FEDERAL HOUSING ENTERPRISE REGULATORY REFORM ACT OF 2005>>> IS THIS PROOF ENOUGH??? John McCain Warned about Fannie and Freddie; the corruption and the company’s senior management, which resulted in a $10.6 billion accounting scandal … (Raines, appointed by Bill Clinton, pulled in $90mil, before he had to step down.) <a class="user" href="http://frwebgate.access.gpo.gov/cgi-bin/getpage.cgi?dbname=2006_record&page=S5217&position=all">http://frwebgate.access.gpo.gov/cgi-bin/getpage.cg ...</a>McCain co-sponsored a bill with Senators Hagel (sponsor), Dole and Sununu… <a class="user" href="http://www.govtrack.us/congress/bill.xpd?bill=s109-190">http://www.govtrack.us/congress/bill.xpd?bill=s109 ...</a> >>> Every effort to bring control over Fannie and Freddie was shot down by the Dems and the reason this country is in the mess we’re in..What proof do we have that Paulson ever received that letter? That would be the only proof Obama’s letter was authentic. Why didn’t he bring his concerns before the Senate so there would be a Congressional record of it? Why? Because the Dem's half of Congress kept saying it was nothing wrong with Fannie and Freddie, and he’d have to confront his party… God forbid! Look it up…Google, Youtube… In 2003, Pres Bush and McCain in 2005/6, tried to reign in the out of control lending of bad loans… Every attempt was shot down… I am so damn tired of the hearing “It’s Bush’s failed policies”… >>> EVERYTHING HAS TO GO THROUGH CONGRESS >‘YEA’ OR ‘NAY’
fridayclubOct 12, 2008
Here is McCain's Letter, ObamaBots. I guess you couldn't just google it as easily as I did. Keep Your Change. I don't see how Pelosi, Reid, BIden, Dodd, Frank, Kerry, etc. are any kind of change. Oh yeah, they'll have a 3 year Jr. Senator Obama puppet in their white house. They move their fingers, and Obamas arms flap.<a class="user" href="http://www.humanevents.com/article.php?id=28973">http://www.humanevents.com/article.php?id=28973</a>
nanabbbOct 13, 2008
Sen. John McCain's 2006 demand for regulatory action on Fannie Mae and Freddie Mac could have prevented current financial crisis, as HUMAN EVENTS learned from the letter shown in full text below. Guys, we need to be careful of the facts in order to be taken seriously.McCain's letter DATED A YEAR BEFORE OBAMA'S-- signed by nineteen other senators -- said that it was " ...vitally important that Congress take the necessary steps to ensure that [Fannie Mae and Freddie Mac]...operate in a safe and sound manner.[and]..More importantly, Congress must ensure that the American taxpayer is protected in the event that either...should fail." Sen. Obama did not sign the letter, nor did any other Democrat.