McCain demanded action in 2006 from Fannie & Freddie

Human Events reports that In May 2006, John McCain and ninteen other senators sent a letter to Senate Majority Leader Bill Frist and Senator Richard Shelby, Chairman of the Banking, Housing and Urban Affairs Committee, demanding regulatory action on Fannie Mae and Freddie Mac. The letter, signed by ninteen other senators, said that it was “…vitally important that Congress take the necessary steps to ensure that [Fannie Mae and Freddie Mac]…operate in a safe and sound manner, [and]..More importantly, Congress must ensure that the American taxpayer is protected in the event that either…should fail”

Senator Barack Obama did not sign the letter. Nor did any other Democrat sign the letter.  

 

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This entry was posted in 2008 Election, Blogroll, Politics and tagged , , , , . Bookmark the permalink.

One Response to McCain demanded action in 2006 from Fannie & Freddie

  1. manupmen says:

    Good post. It shows that McCain is a good senator. Let’s leave him in the Senate.

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