On Sep 16, 3:23 pm, Gaar <[EMAIL PROTECTED]> wrote:
> You saw the part where the Democrats INCREASED the "Cap" on Fannie and
> Freddie in that Legislation, right?
>
> You know, the stuff the White House was against, but Democrats
> demanded in order to back the Bill.
>
> On Sep 16, 7:40 am, Hollywood <[EMAIL PROTECTED]> wrote:
>
>
>
> > gaar,
>
> > Interesting article. It was dated 1/24/08, which would make it a
> > product of the Democrat-controlled Congress.
> > The full title of the article is "White House, Congressional leaders
> > Announce Deal On Economic Package Update."
> > It was basically the rebates from earlier this year.
> > Also interesting that the package DID NOT include extending
> > unemployment insurance or providing funds for food stamps, both ideas
> > Democrats had hoped for.
>
> > THIS is the sum total of the legislation you say Bush "tried" to pass
> > that would have "stopped" the current economic troubles????????
>
> > On Sep 16, 8:40 am, Gaar <[EMAIL PROTECTED]> wrote:
>
> > > On Sep 16, 6:33 am, Hollywood <[EMAIL PROTECTED]> wrote:
>
> > > > Tell me specifically what Bush tried that would have "stopped it".
>
> > >http://www.forbes.com/markets/feeds/afx/2008/01/24/afx4572366.html
>
> > > The House plan also calls for a temporary increase in the size of
> > > mortgages that Fannie Mae (nyse: FNM - news - people ) and Freddie
> > > Mac
> > > (nyse: FRE - news - people ) can buy, to 730,000 usd from the current
> > > 417,000.
>
> > > Paulson had opposed this component, because he wanted to use it as a
> > > carrot to push Congress into passing legislation that would toughen
> > > the regulatory structure of the two mortgage giants.
>
> > > 'But I got run down by a bipartisan steamroller,' Paulson told
> > > reporters at the White House.
>
> > > Frank told reporters he assured Paulson that he would not pursue
> > > legislation to further expand the conforming loan limits. And Senate
> > > Banking Committee Chairman Christopher Dodd of Connecticut is
> > > expected
> > > to push legislation to strengthen federal regulation of the two
> > > companies.
>
> > > Nonetheless, the federal regulator of the two companies, the Office
> > > of
> > > Federal Housing Enterprise Oversight (OFHEO), said it was
> > > 'disappointed' that the stimulus package includes an expansion of the
> > > conforming loan limit that is not part of increased regulatory
> > > authority.
>
> > > 'We are very disappointed in the proposal to increase the conforming
> > > loan limit as we believe it is a mistake to do so in the absence of
> > > comprehensive GSE regulatory reform,' said OFHEO Director James
> > > Lockhart.- Hide quoted text -
>
> > - Show quoted text -- Hide quoted text -
>
> - Show quoted text -
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