Quote from Landis82:
How could the Democrats kill off a 2003 bill when the GOP MAJORITY ran the Senate, you idiot???
This probably comes as a surprise to you, but Republican Chuck Hagel (Nebraska) introduced legislation via the Senate Banking Committee to strengthen and reform Federal oversight of Fannie, Freddie, and the FHLB way back in 2003.
His legislation was called the Federal Housing Enterprise Regulatory Reform Act.
http://www.swnebr.net/newspaper/cgi...rsion.pl?157683
Unfortunately, the Bill never came up for a vote in the Senate because there was not enough support by the GOP -run Senate.
Why no support from the GOP MAJORITY run Senate?
Because Freddie Mac secretly paid a REPUBLICAN consulting firm called "DCI" $2 million to spend an entire year to kill legislation that would have regulated the GSE's.
Hagel and 25 other Republican's pleaded with Senate Majority Leader, Bill Frist ( Tennessee ) to allow a vote, but Frist didn't see enough support for the vote and the measure died at the end of the 109th Congress.
http://www.journalstar.com/articles...b0996916427.txt
Interestingly enough, by the time that McCain signed onto Hagel's legislation as a co-sponsonor, the "DCI" effort to sabotage such legislation had already gone on for 9 months.
But leave it to jficquette to claim that the Democrats who were a minority killed off the 2003 bill to reform Freddie and Fannie.
Congratulations!
You have now shown yourself
to have zero brain cells.
It takes 60 votes to control Senate. Republicans had a majority but not enough to control as the democrats do now.
