Re: Who would ever have guessed

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.

 

 

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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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