www.editedforbias.com » freddie mac http://www.editedforbias.com Leveraging the power of community to combat the power of the media Mon, 17 Oct 2011 19:40:56 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Who is working for us and who is lining their pockets? http://www.editedforbias.com/2008/09/who-is-working-for-us-and-who-is-lining-their-pockets.html http://www.editedforbias.com/2008/09/who-is-working-for-us-and-who-is-lining-their-pockets.html#comments Sun, 21 Sep 2008 02:34:00 +0000 Ed F Bias http://editedforbias.wordpress.com/2008/09/21/who-is-working-for-us-and-who-is-lining-their-pockets/ Let’s let the congressional record speak for itself.http://www.govtrack.us/congress/record.xpd?id=109-s20060525-16&bill=s109-190Note the “Reform act of 2005”. Comment dated May 25, 2006.The most significant statement… If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy [...]]]> Let’s let the congressional record speak for itself.
http://www.govtrack.us/congress/record.xpd?id=109-s20060525-16&bill=s109-190
Note the “Reform act of 2005”. Comment dated May 25, 2006.The most significant statement… If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.

Someone had their finger on the pulse of this issue and was trying to address it and save the disaster we are trying to fix today. Someone was looking cause and effect, actions and impacts. Someone was completely in touch with the situation and trying to do what was right. That someone was four republicans including John McCain.

Contrast that with this.
http://www.opensecrets.org/news/2008/09/update-fannie-mae-and-freddie.html
Note the dates 1989-2008. Obama was elected in 2004 and has reached number 2. I guess he is an “up and comer” [in lining his own pockets]. Note that McCain is not in the top 25. Wonder why?

So the simple question is, “Who is working ofr us and who is working for themselves?” It would seem to be so obvious at this point that to change Washington we need someone that is willing to for us.

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