Re: Who would ever have guessed

Republicans are the kings of deregulation.

On Jun 26, 1:14 pm, Keith In Tampa <keithinta...@gmail.com> wrote:
> No Euwe, I am saying that there were a large number of Socialist-Elitists
> who are members of the Democratic Party, who sold our Nation out, and threw
> American free market principals under the bus for greed, (and/or a misguided
> Socialist-Elitist Agenda; one or the other, or both!!)  As I pointed out in
> my last message:
>
> "*In 2004/early 2005, a Bill captioned, the "Federal Housing Enterprise
> Regulatory Reform Act" of 2004/2005, sponsored by Republicans, .John McCain,
> Elizabeth Dole, John Sununu, and Chuck Hagel, was put before the Congress.  The
> Bill was blocked, by the Democrats in the Senate, and the majority of
> Democrats in the House of Representatives".  *
>
>  http://www.govtrack.us/congress/bill.xpd?bill=s109-190
>
> The summary of the Bill, written by Congressional Services:
>
> *1/26/2005--Introduced.*
>
> *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); and (2) the Federal Housing
> Enterprise Board.  Sets forth operating, administrative, and regulatory
> provisions of the Agency,* *including provisions respecting: (1) assessment
> authority; (2) authority to limit nonmission-related assets; (3) minimum and
> critical capital levels; (4) risk-based capital test; (5) capital
> classifications and undercapitalized enterprises; (6) enforcement actions
> and penalties; (7) golden parachutes; and (8) reporting. Amends the Federal
> Home Loan Bank Act to establish the Federal Home Loan Bank Finance
> Corporation. Transfers the functions of the Office of Finance of the Federal
> Home Loan Banks to such Corporation. Excludes the Federal Home Loan Banks
> from certain securities reporting requirements. Abolishes the Federal
> Housing Finance Board.*
>
> ===========
>
> There was no compromise by the Socialst-Elitists of the Democratic Party,
> but instead, a focused, concentrated effort to push a socialist agenda,
> despite repeated warnings by conservatives and moderates from the Republican
> Party!!  What part of this are you failing to understand or fathom???

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