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<blockquote data-quote="whitely" data-source="post: 265011" data-attributes="member: 5167"><p>Republicans hated Fannie Mae and Freddie Mac for a long time, since it was a quasi government run company with little oversight, and a huge stake in the mortgage market. The Republicans tried in 2001, 2002, and 2005 (McCain) to pass legislation aimed at providing stricter oversight of those institutions, but the Democrats blocked it. The Democrats used Mae/Mac as their way of providing low cost loans to various groups, and they vigorously defended it.</p><p></p><p>For the life of me, I can't figure out why McCain didn't hammer this home during his campaign since he tried to pass legislation aimed at reigning these *** companies in.</p></blockquote><p></p>
[QUOTE="whitely, post: 265011, member: 5167"] Republicans hated Fannie Mae and Freddie Mac for a long time, since it was a quasi government run company with little oversight, and a huge stake in the mortgage market. The Republicans tried in 2001, 2002, and 2005 (McCain) to pass legislation aimed at providing stricter oversight of those institutions, but the Democrats blocked it. The Democrats used Mae/Mac as their way of providing low cost loans to various groups, and they vigorously defended it. For the life of me, I can't figure out why McCain didn't hammer this home during his campaign since he tried to pass legislation aimed at reigning these *** companies in. [/QUOTE]
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