U.S. financial institutions...

McCain tried to prevent this from happening 2 years ago:



In this speech, McCain managed to predict the entire collapse that has forced the government to eat Fannie Mae and Freddie Mac, along with Bear Stearns and AIG.  He hammers the falsification of financial records to benefit executives, including Franklin Raines and Jim Johnson, both of whom have worked as advisers to Barack Obama this year.  McCain also noted the power of their lobbying efforts to forestall oversight over their business practices.

It never made it out of committee.  Chris Dodd, then the ranking member of the Banking Committee and now its chair, was in the middle of receiving preferential loan treatment from Countrywide Mortgage, one of the companies gaming the system in the credit crisis.  Meanwhile, Barack Obama took hundreds of thousands of dollars from the lobbyists McCain mentions in this speech, making him the #2 recipient of Fannie/Freddie money.

The record shows that McCain saw the problem coming and tried to get Congress to act.  In 2005, both McCain and Obama served together in the Senate.  Did Obama attempt to pass this reform, sign on as a co-sponsor, or even speak out in its favor?  The record is tellingly blank.

http://hotair.com/archives/2008/09/17/mccains-attempt-to-fix-fannie-mae-freddie-mac-in-2005/

Go ahead and try and dispute that.  Once again this shows 0bama is not a man of action and has done NOTHING since being in the Senate.  Who is more qualified?  Who doesn\'t just talk?

I guess you can\'t read clips.  Admit that McCain was right and Obama did nothing.

Uh what exactly are us "taxpayers" going to get back? The financial institutions go into bankruptcy and the politicians bail them out.

My understanding is that we didn\'t just bail them out, we bought majority stake in the companies. We invested in them, so if they can use the cash to turn the business around and become profitable, we\'ll get our money back.

I use "taxpayers" because it\'s our money the government is using.

Also, nice link on McCain\'s speech there. When we inevitably elect another Republican, I hope he continues to have foresight like that, and maybe the power to do some good with it.

Go ahead and try and dispute that. Once again this shows 0bama is not a man of action and has done NOTHING since being in the Senate. Who is more qualified? Who doesn\'t just talk?

Yeah, what a great leader. McCain almost convinced a committee head to do something! :rolleyes:

Slander and bias - it\'s easy when you know how!

Yeah, what a great leader. McCain almost convinced a committee head to do something! :rolleyes:

Slander and bias - it\'s easy when you know how!

What was Obama doing?  Come on Eik, where was he?  Obviously, he was doing nothing.  

Obama sucks.

[clips]

I guess you can\'t read clips.  Admit that McCain was right and Obama did nothing.

I guess you skipped that post thingy up there with McCain havin AIG,Fannie Mae & Feddie Mac & Merril Lynch bigwigs in his circle.....i\'m working on something to counter that little post by McCain..in 2005...but even so McCain has been contradicting himself all year by saying he\'s a de-regulator.

If these institutions had stiffer regulation and people overseeing just what they were doing, we wouldn\'t be in the mess that we are in now, and McCain strongly opposes it,...sure he stated a few days ago that NOW we need regulation..:rolleyes:...ya think?...he was sayin\' that he was a de-regulator as recent as april & may of this year....meaning he thought that these big companies didn\'t need anybody overlooking their daily business practices...and now you see the result.

Lol and he says he\'s going to change washington?...that guy has been there for 26 years and now he\'s going to act like that he and palin are outsiders?....what a joke...it\'ll be more of the same from those two.

[GmanJoe]

If you think Obama will change Washington, I have a bridge to sell you.

What was Obama doing? Come on Eik, where was he? Obviously, he was doing nothing.
 
Obama sucks.

Actually, that post you quoted was sarcasm. I was mocking the way you respond to things. For example, the way you responded in that post, actually.

Actually, that post you quoted was sarcasm. I was mocking the way you respond to things. For example, the way you responded in that post, actually.

Obama Bin Biden Sucks.

[GmanJoe]

Obama Bin Biden Sucks.

But that\'s not sarcasm. It\'s true.

[clips]

McPain Sucks.

*fixed*....

[Living-In-Clip]

Obama Bin Biden Sucks.

Could you be any more childish?

[GmanJoe]

Could you be any more childish?

This is irony.

*fixed*....

Senator John McBain?

[Living-In-Clip]

This is irony.

Minus the fact I\'ve been fairly behaved here lately?

He hammers the falsification of financial records to benefit executives, including Franklin Raines and Jim Johnson, both of whom have worked as advisers to Barack Obama this year.

It turns out that McCain also has a paid representative of Fannie Mae / Freddie Mac working for him as ... ummm.. his campaign manager.
 
Loan titans paid McCain aide nearly $2 million
http://www.msnbc.msn.com/id/26831560/
 

Senator John McCain’s campaign manager was paid more than $30,000 a month for five years as president of an advocacy group set up by the mortgage giants Fannie Mae and Freddie Mac to defend them against stricter regulations, current and former officials say.
 
“The value that he brought to the relationship was the closeness to Senator McCain and the possibility that Senator McCain was going to run for president again,” said Robert McCarson, a former spokesman for Fannie Mae, who said that while he worked there from 2000 to 2002, Fannie Mae and Freddie Mac together paid Mr. Davis’s firm $35,000 a month. Mr. Davis “didn’t really do anything,” Mr. McCarson, a Democrat, said.