Tell me who knows more about economics now..
While Obama was taking cash from lobbiests to block the reform, McCain recognized the troubles ahead.
John McCain co-sponsored the Federal Housing Enterprise Regulatory Reform Act of 2005.
A bill to overhaul supervision of mortgage finance giants Fannie Mae and Freddie Mac moves to the U.S. House floor for debate this week, but amendments may be offered that would significantly alter a bipartisan deal struck in committee, Reuters reported.
A Republican plans to offer an amendment that would place limits on the companies' mortgage portfolios, as the White House and Federal Reserve Chairman Alan Greenspan have urged, Reuters said.
On affordable housing, a key Democrat plans to propose a measure to strip from the bill a deal among Republicans that prohibits lobbying groups from receiving affordable housing funds, according to reports.
McCain:
For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Macâknown as Government-sponsored entities or GSEsâand the sheer magnitude of these companies and the role they play in the housing market. OFHEOâs report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEOâs report solidifies my view that the GSEs need to be reformed without delay.
McCain:
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.
I urge my colleagues to support swift action on this GSE reform legislation.
Now who do you trust on economic policy? Huh?
He shoots, he scores! and thats the ball game....
While Obama was taking cash from lobbiests to block the reform, McCain recognized the troubles ahead.
John McCain co-sponsored the Federal Housing Enterprise Regulatory Reform Act of 2005.
A bill to overhaul supervision of mortgage finance giants Fannie Mae and Freddie Mac moves to the U.S. House floor for debate this week, but amendments may be offered that would significantly alter a bipartisan deal struck in committee, Reuters reported.
A Republican plans to offer an amendment that would place limits on the companies' mortgage portfolios, as the White House and Federal Reserve Chairman Alan Greenspan have urged, Reuters said.
On affordable housing, a key Democrat plans to propose a measure to strip from the bill a deal among Republicans that prohibits lobbying groups from receiving affordable housing funds, according to reports.
McCain:
For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Macâknown as Government-sponsored entities or GSEsâand the sheer magnitude of these companies and the role they play in the housing market. OFHEOâs report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEOâs report solidifies my view that the GSEs need to be reformed without delay.
McCain:
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.
I urge my colleagues to support swift action on this GSE reform legislation.
Now who do you trust on economic policy? Huh?
He shoots, he scores! and thats the ball game....