Posts Tagged ‘George W. Bush’

A bit of overlooked legislation….

Monday, October 27th, 2008

I would like to draw your attention to Senate bill S-190, the Federal Housing Enterprise Regulatory Reform Act of 2005, sponsored by Sen. Charles Hagel [R-NE] on January 26, 2005, and co-sponsored by Senators Elizabeth Dole [R-NC], John Sununu [R-NH], and… John McCain [R-AZ].

Simply put, this was a law that would have put further oversight on Fannie Mae and Freddie Mac, which might have averted, and certainly would have lessened the severity of, the financial crisis and the housing crash.

John McCain sponsored it. Bush supported it. Obama voted against it.

I’m just sayin’.