McCain Slams Obama on Fannie Mae/Freddie Mac Bailout
All I can say is it’s about time. Holding back on this has only given Obama time to capitalize on the negative economic news this last week when really he should have been the one hurt by it.
Two years ago I warned this Administration and Congress that regulations for our home loan agencies, Fannie Mae and Freddie Mac, needed to be fixed…
But nothing was done.
Senator Obama talks a tough game on the financial markets but the facts tell a different story. He took more money from Fannie and Freddie than any Senator but the Democratic chairman of the committee that regulates them. He put Fannie Mae’s CEO who helped create this disaster in charge of finding his Vice President. Fannie’s former General Counsel is a senior advisor to his campaign. Whose side do you think he is on?
Astute readers may note that two years ago was also the time the Democratic party obtained Congressional majority. I worry that McCain was ignored because the newly-elected majority didn’t want to publicly agree with Republicans on anything and risk upsetting their supporters on the extreme left.
Thanks to Good Lt. for the video: