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2006 Letter from McCain, other Republican Senators on Fannie/Freddie

Posted by – 10/11/08

My piece on the implosion and mismanagement of the McCain bid still forthcoming, I’d love to see my liberal friends spin this one. In addition to the Bush Administration’s 2003 calls for more oversight on Freddie and Fannie (more oversight, not less. again, not that evil deregulation we keep hearing about), McCain and 19 other senators, none Democrats, wrote and signed a letter demanding action in 2006 to prevent Freddie Mac and Fannie Mae’s fail. See the following:

So remember, in 2003 and 2004, the conservatives were being racist and hating low income people because they didn’t want the government handing out mortgages all willy nilly. In 2008, the conservatives are being racist and blaming low income people by laying the blame at the feet of Barney Frank and friends. Whatever it is, if it involves conservatives criticizing something, and there are in any way black people involved, it’s racism.

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