Oh, and it does not require a 2/3 vote in the Senate to pass a bill. On Oct 1, 12:36 pm, "Keith In Tampa" <[EMAIL PROTECTED]> wrote: > Hey Hollywood, > > It takes a quorom in the House and a 2/3's majority in the Senate to get a > Bill passed. So, no, it was not that the Republicans who were incompetent > or in collusion, as the short video demonstrates, just the opposite was > happening. > > The other day, Gaar mentioned that now was not the time to point fingers. I > have come to the conclusion that it is the time to point fingers, and I > respectfully disagree with Gaar. > > If now is not the time to "point fingers", when is? The fact is, we, the > people of America have been sold a bill of goods by the Democrats, and I > think that the Democrat Party needs to be exposed for the frauds that they > are. Of course, they deny it, as they deny their whole agenda, when > confronted. > > There is no American, (including you!) that can look at the facts > objectively, and come to any other conclusion, that the Democrats in this > Nation attempted to give free housing to those that could not afford it, and > pad their pockets in the process. Don't get me wrong, there are some > Republicans that are caught up in this mix, and I want their ass hung out on > a sling too! > > In truth and fact, (as the video depicted) the Republicans have been > calling for Fannie Mae and Freddie Mac reform for at least four years, and > more like ten years! > > If I find fault with the Republicans, it was that they were not yelling and > screaming how bad our Nation's financial situation was, loud enough! The > Republicans should be faulted for not raising the alarm bells long ago, and > informing the American people. What I find despicable, is the likes of > Barney Frank and Chris Dodd now acting as if they did nothing wrong, and are > trying to lie their way out of it. These are truly the ones that are > playing Partisan politics! > > Here is the statement that Congressman Davis released to Sean Hannity > yesterday: > > "Like a lot of my Democratic colleagues I was too slow to appreciate the > recklessness of Fannie and Freddie. I defended their efforts to encourage > affordable homeownership when in retrospect I should have heeded the > concerns raised by their regulator in 2004. Frankly, I wish my Democratic > colleagues would admit when it comes to Fannie and Freddie, we were wrong. > By the way, I wish my Republican colleagues would admit that they missed the > early warning signs, that Wall Street deregulation was overheating the > securities market and promoting dangerously lax lending practices. When it > comes to the debacle in our capital markets, there is much blame to go > around for both sides." > > http://www.foxnews.com/story/0,2933,431209,00.html > > Bill Cliinton said on September 26, 2008: > > "I think the responsibility that the Democrats have may rest more in > resisting any efforts by Republicans in the Congress, or by me when I was > president, to put some standards and tighten up a little on Fannie Mae and > Freddie Mac." > > http://hosted.ap.org/dynamic/stories/M/MELTDOWN_ADS?SITE=DCUSN&SECTIO... > > Although not "perfect", Congressman Davis's statement still acknowledges my > point, and should make every American stand up and take note! Congressman > Davis's statement goes on, in a partisan attempt to blame Republicans for > not tightening the regulatory scheme, when in fact, it was the Clinton > Administration and Robert Rubin who was pushing for the deregulation. Former > Goldman Sachs partner Robert Rubin, who was President Clinton's Treasury > Secretary. In a 1995 speech and testimony to Congress, Rubin advocated the > Bill, and professed the Clinton Administration's intent to repeal the > Glass-Steagall Act: > > "The banking industry is fundamentally different from what it was two > decades ago, let alone in 1933….[T]he industry has been transformed into a > global business of facilitating capital formation through diverse new > products, services and markets. U.S. banks generally engage in a broader > range of securities activities abroad than is permitted domestically… Even > domestically, the separation of investment banking and commercial banking > envisioned by Glass-Steagall has eroded significantly." > > *http://www.theminorityreportblog.com/story/pilgrim/2008/09/19/the_pla...<mhtml:{F13FC907-ED16-4625-B99F-FC7402DA3B1C}mid://00000154/!x-usc:http://www.theminorityreportblog.com/story/pilgrim/2008/09/19/the_pla...> > * > > * * > > By the mid 1990s, the Clinton Administration had in fact adopted a "quota > system" , and unabashedly favored expansion of, and the empowered use of > the "Community Reinvestment Act", believing that a governmental response to > economic problems in inner cities is generally more effective than a market > solution. Eugene Ludwig, President Clinton's Comptroller of the Currency > and head of the Office of the Comptroller and Currency, was a strong > proponent of expanding the reach of Community Reinvestment Act. He said in > his confirmation hearing that his first priority as Comptroller would be to > eliminate "discrimination from our financial system, root and branch." > He told bankers that "If you seize this issue as an opportunity, you will > reap the benefits in the form of new business and heightened respect from > the press, the Congress, and your communities." (*See* the CATO Institute, > a non-partisan Libertarian Think-Tank, link provided below) > > With regard to the Community Reinvestment Act, Attorney General Janet Reno > said, > > "No loan is exempt, no bank is immune. For those who thumb their nose at us, > I promise vigorous enforcement." > > *http://209.85.165.104/search?q=cache:90IT4MK9474J:www.cato.org/pubs/r... > *<mhtml:{F13FC907-ED16-4625-B99F-FC7402DA3B1C}mid://00000154/!x-usc:http://209.85.165.104/search?q=cache:90IT4MK9474J:www.cato.org/pubs/r...> > > On Oct 1, 11:29 am, Hollywood <[EMAIL PROTECTED]> wrote: > > > > > keith, > > > Yes I did, how else would I have known it was made in late 2004? > > > On Sep 30, 11:46 pm, KeithInTampa <[EMAIL PROTECTED]> wrote: > > > > Hollywood, > > > > How is there an argument here? > > > > You obviously did not watch the video. On top of that, Congressman > > > Arthur Davis From Alabama released a statement to Sean Hannity > > > tonight, in response to this video, and admitted that the Democrats > > > were wrong and misplaced on their approach to Freddie Mac and Fannie > > > Mae. The statement is not appearing on the FOX News web site yet.- Hide > > > quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum
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