Fannie Mae Freddie Mac Barack Obama & John McCain

[Psycho4Bud]

Barack Obamaâ??s campaign responded to McCainâ??s remarks by labeling his desire for tougher oversight a myth. Obama spokesman Tommy Vietor noted that McCain in 1992 voted against imposing stricter controls on Fannie and Freddie during Senate debate on a broader housing bill, and this year argued against providing big government bailouts in response to the crisis, whether for big lenders or homeowners.

We rule his claim Barely True.

Did Obama EVER say anything about Fannie and Freddy? I checked out the vote in "92" and found some interesting facts such as this bill was passed with every dem and most of the republicans. I wonder what was behind the no vote. Maybe a bunch of pork added? Who knows.

Since the date line of "92" is brought up there is another interesting fact. A Dem controlled Senate, Congress, and the year that B. Clinton was elected. Just so happens that B. Clinton was the one that deregulated this market.

white house press release, outlining george bush's plan to increase freddie and fannie share of the mortgages issued to low income minorities by $440 billion :

Fact Sheet: President Bush Calls for Expanding Opportunities to Homeownership

Sorry but I couldn't find the line in the link that stated ANYTHING regarding Fannie and Freddie. ALL of these assholes knew what was going on, I just want to know who was in their back pocket.

Have a good one!:s4: