cantcu asked:


CNN’s posted video of McCain blaming Obama for Fannie Mae and Connie Macks failure as he did nothing about his legislation! The bill McCain is talking about (S190), he was a sponser in the 109th Congress. Actually he is to blame!

McCain is LYING again to America and I am tired of videos that are total lies.

S. 190 [109th]: Federal Housing Enterprise Regulatory Reform Act …It Died in a Republican Congress in Committee! Obama never had a chance to vote on it!
The bill says:

“Federal Housing Enterprise Regulatory Reform Act of 2005 – Amends 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);”

understand what the bill said?:

“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)”

This bill was transferring any remaining oversight FROM the government TO an INDEPENDENT! That meant it had NO FEDERAL OVERSIGHT AT ALL!

Talk about fibbing. Read the bill!
No treading. It is a bill McCain cosponsered and then blamed Obama for not supporting it. The bill never made it out of committee in a Republican Congress, ergo Obama could not vote on it!
“The Bill died in the Committee on Banking, Housing, and Urban Affairs….the Chairman of the Committee is Chris Dodd” Actually the bill did die in committee but if you read the question it died in the REPUBLICAN 109th Congress and Chris Doss WAS NOT the chairman, a REPUBLICAN WAS!

Maryland homes