« Back to story "McCain Letter Demanded 2006 Action on Fannie and Freddie - HUMAN EVENTS"

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Posted by: earthlingerer 1 year, 1 month ago

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earthlingerer1 year, 1 month ago

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It's wonderful how little a letter says about a bill...

That bill called for the abolishment of the Federal Housing Finance Board, an entity "created in 1932 to improve the supply of funds to local lenders that, in turn, finance loans for home mortgages."

" The Finance Board ensures that the FHLBanks, which are privately capitalized, government-sponsored enterprises, operate in a safe and sound manner, carry out their housing and community development finance mission, and remain adequately capitalized and able to raise funds in the capital markets."

And... "The Finance Board is an independent regulatory agency of the executive branch of the U.S. Government, with a five-member board. Four board members are appointed by the President for seven-year terms, and the fifth member is the Secretary of the Department of Housing and Urban Development, or the secretary's designee."

Do you really think the president would sign a bill and fire his friends? Cause if you do, your as stupid as this half-of-the-story submission.

Sorry to burn you down and out McCain fools AGAIN!

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