Thread: Dems Vote Down Fannie-Freddie Reforms

Dems Vote Down Fannie-Freddie Reforms
by Connie Hair

06/10/2010

The Democrats’ overhaul of the banking system goes to conference this afternoon to hammer out a compromise between the two bills passed by each chamber.

Neither bill addresses an overhaul of Fannie Mae and Freddie Mac -- the two entities at the very heart of the financial meltdown -- rendering any claim that the Democrats’ bill fixes what ails the banking system laughable.

In their third attempt to offer spending cuts on the House floor through procedural maneuvers voted on by members of the public, Republicans offered a YouCut proposal yesterday to reform Fannie and Freddie. Democrats voted it down (names at the link).

“By rejecting [yesterday's] YouCut proposal to reform Fannie Mae and Freddie Mac, House Democrats make a mockery of their claims to be serious about financial reform and stopping taxpayer bailouts,â€

Just shows you that the dems are not interested in fixing anything. They just want to use any situation they can to push their agenda...

Neither bill addresses an overhaul of Fannie Mae and Freddie Mac -- the two entities at the very heart of the financial meltdown -- rendering any claim that the Democrats’ bill fixes what ails the banking system laughable.

You can find out how your representative voted at this link:

http://republicanwhip.house.gov/YouCut/week3.htm

If your representative voted against cutting this waste from Freddie and Fannie - perhaps you should call them to find out why?

You have to run your household responsibly shouldn't they?

When did the US Tax payer authorize the Gov to use their money to fund subprime mortgages?

Dont' forget to vote on the 5 proposals listed this week:

http://republicanwhip.house.gov/YouCut/

Previous Cuts Chosen By the Public

Each week, the public votes on which items should be brough to the House Floor. Here is a list of previous winning items.

Week One: Cut the New Non-Reformed Welfare Program ($2.5 Billion Savings)

Week Two: Eliminate Federal Employee Pay Raise ($30 Billion Savings)

Week Three: Reform Fannie Mae and Freddie Mac ($30 Billion Savings)

I have heard the Fanny Fred are going to do lease rent with the housing. Yet another gov. housing project. Soon gov. will own everything...well except that they are selling off all the infrastructure now. What sense does it all make? It will only put a temporary bubble under those over inflated houses that will eventually crash anyway....