skip to main | skip to sidebar

commonsensicalcat

CommonsensicalCat is a blog for ordinary people that actually takes information from the news media and chews on it, lets it caress the palette of the tongue, and then digests it. What comes out later is the product of this site, but often times, it is better than the original product anyway.

Thursday, September 25, 2008

McCain Should Shout this from the Rooftops!

This is John McCain's speach in sponsoring a bill on May 25, 2006 in the U.S. Senate. He warns of the economic risks of Fannie Mae and Freddie Mac. Obama joined Democrats in killing the bill and now we face a $700 billion bailout as a result.

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.

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.

No comments:

Post a Comment

Newer Post Older Post Home
Subscribe to: Post Comments (Atom)

Signs in Heaven?

Signs in Heaven?
Do these photos from the Hubble Telescope of the M51 Galaxy reveal God's Glory?

GOD BLESS AMERICA

GOD BLESS AMERICA
God has blessed America, but have we turned our backs?

Subscribe To

Posts
Atom
Posts
Comments
Atom
Comments

John McCain

John McCain
John McCain predicted the economic meltdown on May 25, 2006

Sarah Palin

Sarah Palin
Palin drew a huge crowd of 60,000 to hear her speak.

How the Candidates Stack Up

  • Sarah Palin
  • John McCain
  • Barack Obama
  • Joe Biden

My Blog List

  • VOLuntarilyConservative
    Sadness on Christmas Eve - It's just short of four o'clock in the morning on Christmas Eve, and tears are running down my cheeks. I know that what I do - the personal sacrifices I ...
    11 years ago
  • Instapundit.com (v.2)
    -

Blog Archive

  • ▼  2008 (115)
    • ►  November (5)
    • ►  October (23)
    • ▼  September (87)
      • Pretty Damning Video
      • Barack's Right Hand Man Wants More Pub
      • When Warnings Fall on Deaf Ears
      • Science vs. Survival
      • Too Easy to Make This Hard.
      • I blew it - because McCain did.
      • Brilliant Simply Brilliant!
      • More on Clinton praising McCain.
      • TOLD YOU SO!
      • Bill Clinton: McCain did NOT do this for politics.
      • McCain Should Shout this from the Rooftops!
      • Obama Cheating on Taxes or Just Making a Mistake?
      • Wall Street Journal says Deal could make Trillions...
      • The United States is Becoming Communistic
      • Perfect Palinisms
      • Interesting Choice of Words
      • Enough Is Enough - Biden Calls Obama's Ad Against ...
      • The Wall Street Journal Links Obama to Communistic...
      • The Embarrassment of Tennessee
      • Jewish gathering turns into anti-Obama protest
      • Back to College
      • Compare and Contrast
      • Obama the Cause of the Crash
      • You Might Be a Republican If .....
      • Many people have no idea what their political part...
      • Sarah Palin Quickly Becoming the REAL American Idol
      • Don't Sleep on Security
      • No wonder lawyers have a bad reputation
      • Jews may break traditions
      • As someone who doesn't understand the economy - Mc...
      • Tennessee Hack Cannot Derail Palin's Campaign
      • Passing it along....
      • State - istics are real key to polls
      • Following My Lead
      • Obama in trouble in Illinois?
      • Presidential RACE in BLACK and WHITE
      • Ike First, now Lions and Tigers - Oh My
      • Clinton Continues to Crawfish
      • Gas shortage hits Tennessee
      • The Whole Truth About Palin.
      • Mana-o-mano: Tennessee vs. California
      • Gibson questions "God's plan"
      • Contrary to most media reports - WE ARE WINNING IN...
      • Democrats themselves unsure of Obama
      • A Soldiers Take (Powerful Message)
      • Ah, some wise advice from the Democratsc
      • Why the "Lipstick on a pig" quote is important
      • Clinton playing opossum
      • Obama - Opens Mouth Inserts Foot
      • The clueless media chugs on - now hammering Palin ...
      • Michael Moore in some very large crosshairs.
      • Man set to play God on Wednesday.
      • Would Hillary throw the game?
      • Another Obama slip - "my Muslim faith"
      • Barack Obamination? Is Obama a black supremacist ...
      • Tennessee back in the moonshine business
      • Oprah - dance with who brung ya
      • Palin Fiction
      • Palin "Curiosity" sparks McCain ticket to lead
      • Fed takes over Freddie n Fannie.
      • Olberman plays Hardball with Matthews and gets the...
      • Obama confuses Patrick and Spongebob.
      • Is this your America? Cause its Obama's.
      • Obama on Reverend Wright....
      • How is Obama a candidate when he thinks we have 58...
      • Just a refresher about how Obama feels about women...
      • Palin Most Popular Politician
      • Ralphie's Pink Bunnie PJs.
      • Obama sends women senators to decrease Palin's power
      • Press misses the true problem with Bush
      • McCain has a history of bipartisanship
      • Professor Bainbridge's review of the speech
      • McCain distances himself from Bush and apologizes
      • A snowball's chance in .......Kenya?
      • Master Republican Plan or Major Media Goof?
      • Palin Passes Report Card With Flying Colors
      • Palin Practically P E R F E C T
      • Northern Mariana Islands befuddle me
      • What do they teach in schools these days?
      • Harry Reid's Response to Palin Angers Women
      • The Falacy of the "he voted with Bush 90 % of the ...
      • An Oops moment for Giuliani
      • Strange Bed Fellas Indeed
      • All eyes on Palin
      • Is Obama "The One?"
      • Obama's Night Night Stories
      • Fire 'em Up Fred

About Me

C C Matthews
I am a Christian dad of 3 including beautiful 1 year old twins and a crackerjack 10 year old daughter. I am happily married to my soulmate. I have my JD from the University of Tennessee, but I have found that my true calling is in the financial sector where I manage around 100 accounts for investors around the state.
View my complete profile

Free Republic

  • Free Republic

BlogCatalog

Baby Clothes
Baby Clothes
blog search directory
My Zimbio
Top Stories
Blog Flux Directory
Blog Directory