FactChecking Debate No. 1

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  • Posted By: pearsoncrz @ 09/28/2008 10:40:46 PM

    In 2005, for the first time in history, a serious Fannie and Freddie reform bill, S. 190, was passed by the Senate Banking Committee. The bill gave a regulator power to crack down, and would have required the companies to eliminate their investments in risky assets. If that bill had become law, then the world today would be different. But the bill didn't become law, for a simple reason: Democrats opposed it on a party-line vote in the committee, signaling that this would be a partisan issue. Republicans, tied in knots by the tight Democratic opposition, couldn't even get the Senate to vote on the matter.

    http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSKSoiNbnQY0



    In support of S 190, also known as the Federal Housing Enterprise Regulatory Reform Act of 2005, John McCain said: "For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac--known as Government-sponsored entities or GSEs--and the sheer magnitude of these companies and the role they play in the housing market. OFHEO's report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO's report solidifies my view that the GSEs need to be reformed without delay."

    http://www.govtrack.us/congress/record.xpd?id=109-s20060525-16

    Federal Housing Enterprise Regulatory Reform Act of 2005 would have Amended the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to establish: (1) in lieu of the Office of Federal Housing Enterprise Oversight of the Department of Housing and Urban Development (HUD), an independent Federal Housing Enterprise Regulatory Agency which shall have authority over the Federal Home Loan Bank Finance Corporation, the Federal Home Loan Banks, the Federal National Mortgage Association (Fannie Mae), and the Federal Home Loan Mortgage Corporation (Freddie Mac); and (2) the Federal Housing Enterprise Board.
    Most importantly with regard to the CDS situation, S. 190 set forth operating, administrative, and regulatory provisions respecting: (1) assessment authority; (2) authority to limit nonmission-related assets; (3) minimum and critical capital levels; (4) risk-based capital test; (5) capital classifications and undercapitalized enterprises; (6) enforcement actions and penalties; (7) golden parachutes; and (8) reporting. Adoption of these regulatory provisions would have undoubtably affected the way CDSs were dealt with in "private" enterprises.
    The bill would have also amended the Federal Home Loan Bank Act to establish the Federal Home Loan Bank Finance Corporation., and transfered the functions of the Office of Finance of the Federal Home Loan Banks to such Corporation. If this had been in place three years ago, this whole situation might have been averted.

    http://www.govtrack.us/congress/bill.xpd?bill=s109-190&tab=summary

    • Posted By: jarcher1 @ 09/29/2008 5:18:41 AM

      Might have mitigated some of the damage, but the crisis is far bigger than the mortgages of the last 2 years. Another case of too little, too late. The real culprit is the deregulation fever that occurred when the RepubliCON's held sway.

  • Posted By: Steve Kass @ 09/28/2008 6:06:30 PM

    Contrary to what you write, McCain's health care plan does call for taxing employers (yes, employers) on health care benefits. Employers pay payroll taxes on the taxable wages they pay. If the value of health care benefits becomes taxable, as McCain proposes, employers and workers both would see a new tax. Perhaps McCain plans to add a loophole from employers, but he hasn't mentioned it.

    Obama was absolutely right when he said at the debate that McCain wants to tax employers for the health care benefits they provide. Employers can avoid this new tax, of course, by dropping health care benefits, and many probably will in order to avoid having their health care budget rise by 7%+ for no added benefit.

    • Posted By: Hannah B @ 09/28/2008 6:15:34 PM

      There's just an endless list of reasons to vote FOR OBAMA and AGAINST McCAIN...

      • Posted By: pearsoncrz @ 09/28/2008 10:41:19 PM

        I can't think of one reason to vote for a man who admits using cocaine for years.

        • Posted By: jarcher1 @ 09/29/2008 5:14:48 AM

          As opposed to your last great Presidential canidate? You know Dubya the national disaster? He would neither deny nor confirm. Pretty predictive of his performance for the last 8 years.

      • Posted By: kenkarman @ 09/29/2008 1:59:26 AM

        Hannah, your comment pretty much says it all, the M. P. ticket is so packed with problems. For me its UNBELIEVABLE that they they can cough up any more than the two votes their giving themselves. I would love to be a fly on the wall in the booth when Palin hits the ballot, she may go for Obama her self after getting to know Johnny boy to good! Believe this,,,Alaska is looking better for her every day!

    • Posted By: pearsoncrz @ 09/28/2008 10:43:45 PM

      This would be offset by the tax credit McCain proposes, and besides, accounting for the insurance as income would enhance the employees' Social Security benefits when they retire. Why wouldn't workers be in favor of that?

  • Posted By: kenkarman @ 09/29/2008 5:12:30 AM

    I am definently up to late! I'm in a state that is a lock for Barack, but I can honestly say that if i lived in a swing state I would suspend my employment campaign to hold a sign on a street corner in favor of the B/J, ticket(no pun intended) ok, I'll say the O/B, ticket. I see it like this. Holding a sign on a street corner is what many of us will be doing if the M/P, ticket gets in so I'm willing to practice now.
    Their are a lot of you folks on here that must be so much better off financially than I, For my self I make this simple, I work hard for my money. So when Donald Trump whom is way to smart to not see through McCains B/S endorses him anyway! I go HMMMMM, Folks, its guys like him that help me to look at things in a very simple way. I personally do not have a problem with Big Don and others like him paying a few more bucks so I dont have to, I love to buy my kids new shoes. And all those loopholes they wiggle out of I dont qualify for. I say weld em shut. Its a common statement: the rich get richer and the poor get poorer. Funny thing is its the very often the same people whom make that statement but must thrive on abuse, and its becouse of that desire to be beat up on they fall for political propiganda that blinds them good enough that they vote against their own wallet and the potential for prosparity for their own families. I'm not rich, But I'm not stupid either and neither are you. If you found your way to this web site, as I did, spelled most of the words in your comments correctly as I did than than I feel it safe to assume that you ARE NOT STUPID, and we all know through our friend Ron White said:YOU CAN'T FIX STUPID. So folks,,,, Lets forget the over the top claims of Alaskin type Polar Bear reforms and ideas that came from someone who finished 5th from last in a class of 850, lets not let the talking heads of no regulation convince us that this mess is just a glitch, They have up to but not limited to seven houses, 13 cars, and no clue what a $20.00 dallar bill doe'snt buy. Hell, I'm white, I'm a redneck, I'm over 50,sure,,,But like David letterman, I know when something smells, John McCain wants the lable,,, Barack wants the job, Sarah(bless her heart) means well, Biden,,,,He just seems normal and sharp. Thats simple aint it?
    One more point. Barack and Biden would be ahead in the polls by 25% if Barack were white! Its true! wWe all know that whether we care to admit it. Thats what the McCain camp is counting on,,,well lets get out of the racial box for a moment and shock the piss out of em. In November force your finger to push the Obama/Biden button, no one will know directly but indirectly your wallet will feel better, my kids bare feet will have new shoes and Sarah will be home with her family where she belongs in Alaska and Johnny Boy will be where he belongs in Arizona, with his BBQ apron on and finally taking the break a good ole war hero deserves! See There, Simple is good! What a happy ending.

  • Posted By: Billro3 @ 09/28/2008 10:29:21 PM

    I simply cannot vote for a Presidential candidate who hand picked his Vice Presidential candidate who makes such insulting, idiotic, and moronic statements that she has foreign policy experience because she can see Russia from where she lives in her state of Alaska. That is pathetic and a total lack of respect for the voters intelligence to expect someone to even consider that as a viable explanation. I will do everything in my power to see to it that McCain is retired to Arizona in his rocking chair, and Palin be sent back to Alaska so she can look at and see Russia for as long as her little heart desires.

    • Posted By: The Dominican @ 09/28/2008 11:24:42 PM

      Let's debate ideas, maybe Sarah is the Forrest Gump average american, and can do a god job for her country, even if she doesn't have the rethoric and verb as her oponent..

      • Posted By: jarcher1 @ 09/29/2008 5:09:37 AM

        Oh she'll get her debate. With Joe Biden. Stay tuned.

  • Posted By: rockye @ 09/29/2008 2:59:14 AM

    THAT BUSINESS ABOUT PRES. ESENHOWER DRAFTING TWO LETTERS THE DAY BEFORE THE INVASION OF NORMANDY IS A BUNCE OF LONELY BALONEY BY McCAIN. NOW WE DON'T KNOW WHEN HE IS LYING OR TELLING THE TRUTH. BETTER YET, THAT SHOULD NOT BE HARD: HE LIES MOST OF THE TIME.

    IN MY OPINION, McCAIN WAS NOT COUNTING ON FACT CHECK TO CHECK IT OUT! THANK GOD FOR FACT CHECK! NOW McCAIN AND PALIN WILL NOT BE ABLE TO USE THEIR BEST TACTIC THAT THEY DO SO WELL: LIE.

    THE VOTERS WILL NOT DECIDE, UNLESS YOU ARE McCAIN'S MOM OR PALIN'S DUDE, UNTIL THE FACTS ARE CHECKED AND THEY HAVE ANALYZED THE CONTENT AND DEMEAMOR OF THE CANDIDATES.

    POLITICIANS WHO USE LIES TO ARE POWERLESS AGAINST THE TRUTH. THEY WILL CAN NOT FUNCTION WITH TRUE FACTS BECAUSE THE TRUTH IS THAT THEY BELONG TO THE POLITICAL PARTY THAT GOT US IN THIS MESS!
    GO OBAMA GO! GO JOE GO! YOU HAVE THEM ON THE RUN! THE TRUTH IS ON OUR SIDE!

  • Posted By: jarbaugh @ 09/29/2008 2:33:18 AM

    Obama seemed more articulate, but McCain didn't embarrass himself. He seemed at times to be irritated to have to share the stage with this young upstart, but maybe that's because Obama is up in the polls. At least it wasn't a no show; that would have been a big tactical mistake. Hopefully, Palin will be able to handle herself with Biden better than she was able to with Katie Couric. She has major fears to ease being so close to the Presidency with a 72 year old man. I wouldn't let someone I've known less than a month drive my car, watch my children, much less run the country.

  • Posted By: jarbaugh @ 09/29/2008 2:32:51 AM

    Obama seemed more articulate, but McCain didn't embarrass himself. He seemed at times to be irritated to have to share the stage with this young upstart, but maybe that's because Obama is up in the polls. At least it wasn't a no show; that would have been a big tactical mistake. Hopefully, Palin will be able to handle herself with Biden better than she was able to with Katie Couric. She has major fears to ease being so close to the Presidency with a 72 year old man. I wouldn't let someone I've known less than a month drive my car, watch my children, much less run the country.

  • Posted By: kenkarman @ 09/29/2008 2:24:20 AM

    This is for schlang/shwang and pearsoncrzy. Thank God, Thank God Thank God! We are in no danger of your ticket preference ever stepping one foot in the oval office. they cant even run a campaign. Guess what? These two arnt even done yet, they have plenty more desparate blunders up their sleeve. Thank God also for SNL cuz they see it for what it is and boy, what a gold mine of material to work with. Years of laughter owed to the McCain Palin ticket, oops! gotta go, I just woke up and I think I see Putin in our airspace again. Quick first dude get me that damned moose gun, wait wait, is that osama bin laden drivin that cab?

  • Posted By: wschill2 @ 09/28/2008 5:33:33 PM

    McCain???s campaign is in real trouble and they know it. It problems are only partially due to the very bad economic news dominating the media circle. The electorate is finally waking up to the fact that Republican economic policies with its conservative philosophy of ultra laze fair capitalism has finally begun to collapse around our heads. The conservatives have successfully sold this mythology to the American public over the last twenty years and have been busy dismantling the economic infrastructure of rules and regulations that had been carefully put into place after the great Depression to prevent a repeat of the economic excesses that led to that market failure. Even the most moderate economics policies were rejected as unwarranted interference in the economy. As much as the Republican spin machine wants to paint this economic debacle as bipartisan, it has been conservative economic policies that have dominated and governed over the last twenty years. Conservatives seem to be blinded to the fact that even capitalism needs rules to curb its inherent excesses. As much a McCain has attempted to present himself as a maverick, and he has been one on some important issue, he is a lock step conservative when it comes to economic policy. McCain???s campaign is now suffering from the candidate???s tendency to act impetuously in the face of crises. His handlers have been quite successful in hiding McCain???s infamously mercurial temper but not his temperament. McCain may have in the past shown an admirable willingness to stick his head out for a cause that he believes strongly in, even when it bucks the powers in his own party, he now seems remarkably willing to sell his soul to the devil to win this election. Although there are still a number of voters that may still believe that McCain is the best qualified candidate to be President and a sizable number of social conservative show up to vote for Sara Palin, a key constituency is abandoning McCain. Independent voters are increasingly disenchanted with the Republican smoke and minor approach to getting elected and are beginning to question McCain emotional suitability for the Presidency. His handling of his VP choice and the blustering performance of calling for SEC Chairman Cox???s to be fired, and now the shenanigans of suspending his campaign and a weak performance in the debate increasingly paint a picture of a man not fully in control and an inability to make reasoned decisions when placed under pressure. Clearly not a man ill suited to be the next President of the United States

    • Posted By: Hannah B @ 09/28/2008 5:40:28 PM

      AMEN! I'm sure you meant to say McCain IS a man ill-suited to be the next Pres. I think he also a man ill-suited to be Pres of the PTA...

      • Posted By: The Dominican @ 09/28/2008 11:20:46 PM

        Hanna: You loose your point when you start getting personal, let's debate ideas only... I am sure Obama has teached let's debate issues no people...

  • Posted By: jefrsnsghost @ 09/28/2008 9:46:14 PM

    John McCain is the way back. Barak Obama is the way forward. Is it not obvious.? Shall we elect an arragant, grumpy old fighter pilot who would "bomb, bomb, bomb, ...bomb, bomb Iran" "I know how to win wars", he has said. How many wars is he planning.? Or shall we elect a man of the future. A man for the new age of communication, emerging technology and vision.
    The question is, do we go forward or do we go back. Which way ya' goin, brother?

    • Posted By: pearsoncrz @ 09/28/2008 10:42:17 PM

      To hell in a handbasket with Obama.

  • Posted By: Billro3 @ 09/28/2008 10:10:35 PM

    I simply cannot vote for a candidate who chooses as his vice presidential candidate a person who insults the intelligence of voters such as myself with comments and beliefs that she has foreign policy experience because she can see Russia from Alaska. Who is being naieve, John?

  • Posted By: LORI WASHINGTON STATE @ 09/27/2008 9:45:13 PM

    MCCAIN WAS ABSOLUTELY CORRECT IN THE DEBATE WHERE OBAMA SAID KISSENGER WOULD MEET WITH THE IRAN LEADER UNDER NO PRE-CONDITONS. KISSINGER HAD A PHONE INTERVIEW WITH FOX NEWS TODAY. PASS THE TRUTH ON OBAMA IS DANGERS AND VERY ARROGANT. HE ACTUALLY SAID THAT HE WOULD MEET WITH ANY LEADER ANY WHERE IF IT WOULD PROTECT AMERICA. HE DOES NOT UNDERSTAND THE PROCESS. MCCAIN HAS THE EXPERIENCE AND HE UNDERSTANDS THE REAL THREAT AMERICA FACES TODAY. OBAMA IS WRONG ON THE ECONOMY AND THE WAR.

    • Posted By: Mom4Bama @ 09/28/2008 12:23:37 AM

      Imagine that Ms Lori watches Fox.... For a moment I invite you to look past your blinders, see where the Bush administration has gotten us (9/11, War, Death of innocent people, years of mental distress on our service men/women) and for what - a lousy economy and not much safer than we were Pre-9/11. I am not safe in my own hometown due to desperate people doing desperate things - stealing, killing, etc. - what does McCain know about that? We need a president who wants to make things better not continue to bring the country down. I am ready for a change - aren't you???

      • Posted By: observer101 @ 09/28/2008 5:35:42 PM

        Um dont be stupid...pre 9/11 is what got us to 9/11!..So how could we have been more safe before 9/11?..Osama bin Ladens plan for the WTC was well in the works while a Dem was in office...Or did you conveniently forget the first attempts at the WTC in the 90s that wasnt taken seriously by the Clinton Admin?...McCain/Palin '08

  • Posted By: wschill2 @ 09/28/2008 5:33:11 PM

    McCain???s campaign is in real trouble and they know it. It problems are only partially due to the very bad economic news dominating the media circle. The electorate is finally waking up to the fact that Republican economic policies with its conservative philosophy of ultra laze fair capitalism has finally begun to collapse around our heads. The conservatives have successfully sold this mythology to the American public over the last twenty years and have been busy dismantling the economic infrastructure of rules and regulations that had been carefully put into place after the great Depression to prevent a repeat of the economic excesses that led to that market failure. Even the most moderate economics policies were rejected as unwarranted interference in the economy. As much as the Republican spin machine wants to paint this economic debacle as bipartisan, it has been conservative economic policies that have dominated and governed over the last twenty years. Conservatives seem to be blinded to the fact that even capitalism needs rules to curb its inherent excesses. As much a McCain has attempted to present himself as a maverick, and he has been one on some important issue, he is a lock step conservative when it comes to economic policy. McCain???s campaign is now suffering from the candidate???s tendency to act impetuously in the face of crises. His handlers have been quite successful in hiding McCain???s infamously mercurial temper but not his temperament. McCain may have in the past shown an admirable willingness to stick his head out for a cause that he believes strongly in, even when it bucks the powers in his own party, he now seems remarkably willing to sell his soul to the devil to win this election. Although there are still a number of voters that may still believe that McCain is the best qualified candidate to be President and a sizable number of social conservative show up to vote for Sara Palin, a key constituency is abandoning McCain. Independent voters are increasingly disenchanted with the Republican smoke and minor approach to getting elected and are beginning to question McCain emotional suitability for the Presidency. His handling of his VP choice and the blustering performance of calling for SEC Chairman Cox???s to be fired, and now the shenanigans of suspending his campaign and a weak performance in the debate increasingly paint a picture of a man not fully in control and an inability to make reasoned decisions when placed under pressure. Clearly not a man ill suited to be the next President of the United States

  • Posted By: ICYEYES800 @ 09/27/2008 3:39:58 PM

    Does anybody understand that the Taliban and Al Quaeda have been forced out of Iraq????? And they have reorganized in Afghanistan!!!! The error in thinking is that Al Quaeda was NEVER in Iraq is totally WRONG!!! Who would you surmisze that OUR TROOPS have been engaged with????? It wasn't the natives of iraq, they were scared as hell, fearful of the damage being done to their society by the Taliban and Al Quaeda...they were killing innocent women, children, and beheading men right before their families....SO, let's not paint the picture that these militant isalamic nuts are just victims!!!!!!! EVERYONE SEEMS TO HAVE FORGOTTEN 9/11....the horror and bedlam that was so rampant!!!! Truth is Bush, Sr. and Clinton should have and had the opportunity to CORRECT the increased violent attacks many times over, But it took somebody with some BA### to do the job....Like it or not, we haven't been attacked again, and you have to give Bush's ability to take a beating and stay on course, no matter how the media has beaten him up....he did the right thing, and HISTORY will reflect this point...he will be given his recognition in due time...

    • Posted By: legionreturns @ 09/27/2008 8:58:20 PM

      Fact 4: No link has ever been found between Iraq and 9/11. No WMD's were ever found or proven to have existed, thus the original reasons stated by Bush and his lackey Blair were ever proved to be correct. The war was a lie.

      • Posted By: observer101 @ 09/28/2008 5:29:28 PM

        You seem to imply that WMDs are just nukes...They include chemical weaps..Which he had for a fact!..And noone to this day can explain nor answer what was being convoyed to Syria from Iraq just before we went to war with them..Truck after truck was being rushed to the Syrian border...So history has yet to see if he had WMDs of nuke status...But he definately had chemical WMDs...Need you be reminded of the attack on the Kurds? He had a little air force, yet many of the planes arent accounted for...Some were found buried in the desert...If we had not found the few buried planes would ppl assume he never had an air force?..Ofcourse not!...He had WMDs and I wont be surprised to find out later in history how close he was to using them. Just like I wont be surprised when Iran tests their "electricity".

    • Posted By: legionreturns @ 09/27/2008 9:00:56 PM

      Finally, no, the US have not been attacked again, or at least not succesfully. But a great many other countries have and continue to be every month. This might be something to do with the vastly increased security at entry points into the United States...or it could be because all the terrorists lived in Iraq...I'll let you figure that one out!

      • Posted By: ICYEYES800 @ 09/28/2008 1:51:35 AM

        Love the name....RELATIVE OF SATAN???? OR JUST WANNA BE????? YOU'RE DEFINTELY HEADED INT THE RIGHT DIRECTION BY VOTING FOR OSAMA.....HE'S ABOUT AS DEMONIC A PERSON AS I'VE EVER SEEN.....TWO PEAS IN A POD...

        • Posted By: legionreturns @ 09/28/2008 7:03:43 AM

          and I don't suppose you would care to actually answer any of my points? Or have you just realised you can't and resorted to name calling and mud slinging?

        • Posted By: legionreturns @ 09/28/2008 7:02:53 AM

          Errr...no, and why are you shouting...and unable to spell or type properly? I won't be voting on account of being British and therefore not allowed to but thanks for asking. Just one question...why are you persisting in naming someone who is not involved in the presidential race? Not sure who this "Osama" is but he sounds like a terrible person...I'll certainly steer clear of him. I would love to carefully explain where my nickname comes from but I'm sure it would be lost on you...so carry on being ignorant at your leisure

    • Posted By: legionreturns @ 09/27/2008 8:57:05 PM

      US and British troops were engaged in the early days of the war by Sadams Basc Seperatist fighters and as the war developed by several high profile clerics rallying Iraqi's and other joiners in behind banners to fight the "occupying forces" (as they saw it) of the zionist nations. At no point in the original conflict were they engaged by Al Quaeda or Taliban fighters. Al Quaeda used the war to further its own ends and galvanise support much later

    • Posted By: legionreturns @ 09/27/2008 8:54:48 PM

      Fact 2: The Taliban have NEVER been anything to do with Iraq. They are a fundamentalist islamic sect that was prevalent, and still is prevalent, in Afghanistan.

    • Posted By: legionreturns @ 09/27/2008 8:53:48 PM

      Errr...lets throw a few facts in to this random and wholely inaccurate diatribe shall we?!
      Fact 1: Al Quada operatives entered Iraq only after the war started, choosing to make it a PR fight. They entered, usually via Iran but coming from all over the middle east region. Before the war started Sadam and his thug Basc party had nothing to do with Al Quaeda and wanted nothing to do with them.

  • Posted By: The Dominican @ 09/28/2008 4:37:22 PM

    In 1995 Clinton Administration, stimulate the investing and loans to people which cannot afford a house, then was saw as a good plan... today is a mess recalled frequently by Sen. Obama It was a Clocked time Bomb which explode today!!!!!

    • Posted By: forte88 @ 09/28/2008 5:00:20 PM

      Another example of Historical Myopia. Clinton = 237 Billion Surplus. Bush = defecit of 9.8 TRILLION, and increases by 2.3 BILLION every day! Fiscal conservatives my @ss.

      • Posted By: forte88 @ 09/28/2008 5:01:35 PM

        So you still wanna talk about time bombs?

  • Posted By: Hannah B @ 09/28/2008 4:34:33 PM

    And Fox Noise carries the water for McCain...why is that never objected to. Why is everybody so upset when anyone agrees with the Dems but its OK if Fox never met a Rep the didn't love!

    • Posted By: The Dominican @ 09/28/2008 4:42:36 PM

      You're right, but I think every american has the wisdom to choose the leader they want next November, So no one has the right to influence badly the people's choice... If McCain is more Bush the people will notice alone and if Obama results a second worst Jimmy Carter also people will find out, personnally I think Mr. Sen. Obama must wait more time to be elected, he only speak what polls say people want to hear... respectfully...

      • Posted By: Hannah B @ 09/28/2008 4:54:50 PM

        So does McCain. He's flip/flopped on a majority of his stands to pander to the right, who never has been in his corner. And he makes choices like Palin who represents real DANGER... But you're right, more and more people are finding that McCain insults their intelligence.

  • Posted By: Hannah B @ 09/28/2008 4:27:14 PM

    Get real haynessemperfi, a vote for Nader is a wasted vote in a very important and close election where every vote matters. Ralph has long since outlived his presidential influence but refuses to recognize it. He can't even get a credible VP. Who in the real world believe that a SF councilman is a good pick. Even Sarah Palin is better than that. Is that the best he can do? If it is he should keep his nose out of it!!!!

    • Posted By: The Dominican @ 09/28/2008 4:31:36 PM

      CNN, NEWSWEEK, NBC among others few work for DNC and Obama Campaign... It's not true the mind is open to change...

      • Posted By: Hannah B @ 09/28/2008 4:46:34 PM

        Exactly, why do people blindly keep supporting ole John when its so clear he's lost it. Course that implies that he had it once, which I question. It's been proven over and over again that he can hardly keep his foot out of his mouth without substantive help from all who should know better. But they can't admit it to themselves, or anyone else that he's not THE guy.

  • Posted By: The Dominican @ 09/28/2008 4:28:42 PM

    CNN, NEWSWEEK, NBC Work for DNC and Obama campaign... It's so obvious!!!!!

    • Posted By: forte88 @ 09/28/2008 4:36:20 PM

      Or perhaps it's just so obvious that McCain is telling so many misstruths, and lies, it's NEWS! Are you blaming Factcheck.org for bias?

  • Posted By: Hannah B @ 09/28/2008 4:21:42 PM

    It's clear, not only is McCain getting Obama's stuff wrong, he can't even keep his own stuff straight. I'm soooooo sick of McCain and his sludge throwing...and so are the American people. We don't want this curmudgeon in our living rooms for the next four years. Between his mischaracterizations, fabrications, misrepresentations, self-promotions, ego inflations, gaffes and downright lies, he is not welcome there.

    • Posted By: The Dominican @ 09/28/2008 4:33:41 PM

      Your'e right John. I agree with you... many times!!

  • Posted By: pearsoncrz @ 09/28/2008 4:30:31 PM

    In 2005, for the first time in history, a serious Fannie and Freddie reform bill, S. 190, was passed by the Senate Banking Committee. The bill gave a regulator power to crack down, and would have required the companies to eliminate their investments in risky assets. If that bill had become law, then the world today would be different. But the bill didn't become law, for a simple reason: Democrats opposed it on a party-line vote in the committee, signaling that this would be a partisan issue. Republicans, tied in knots by the tight Democratic opposition, couldn't even get the Senate to vote on the matter.

    http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aSKSoiNbnQY0



    In support of S 190, also known as the Federal Housing Enterprise Regulatory Reform Act of 2005, John McCain said: "For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac--known as Government-sponsored entities or GSEs--and the sheer magnitude of these companies and the role they play in the housing market. OFHEO's report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO's report solidifies my view that the GSEs need to be reformed without delay."

    http://www.govtrack.us/congress/record.xpd?id=109-s20060525-16

    Federal Housing Enterprise Regulatory Reform Act of 2005 would have Amended the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to establish: (1) in lieu of the Office of Federal Housing Enterprise Oversight of the Department of Housing and Urban Development (HUD), an independent Federal Housing Enterprise Regulatory Agency which shall have authority over the Federal Home Loan Bank Finance Corporation, the Federal Home Loan Banks, the Federal National Mortgage Association (Fannie Mae), and the Federal Home Loan Mortgage Corporation (Freddie Mac); and (2) the Federal Housing Enterprise Board.
    Most importantly with regard to the CDS situation, S. 190 set forth operating, administrative, and regulatory provisions respecting: (1) assessment authority; (2) authority to limit nonmission-related assets; (3) minimum and critical capital levels; (4) risk-based capital test; (5) capital classifications and undercapitalized enterprises; (6) enforcement actions and penalties; (7) golden parachutes; and (8) reporting. Adoption of these regulatory provisions would have undoubtably affected the way CDSs were dealt with in "private" enterprises.
    The bill would have also amended the Federal Home Loan Bank Act to establish the Federal Home Loan Bank Finance Corporation., and transfered the functions of the Office of Finance of the Federal Home Loan Banks to such Corporation. If this had been in place three years ago, this whole situation might have been averted.

    http://www.govtrack.us/congress/bill.xpd?bill=s109-190&tab=summary

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