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Need a fact check. Did McCain push for regulating Fannie and Freddie in 2005?

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Avalux Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 10:16 AM
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Need a fact check. Did McCain push for regulating Fannie and Freddie in 2005?
I will research myself, but thought someone here might know.

A McCain surrogate, during an interview on NPR this morning, said he did. He claimed McCain had pushed for legislation to regulate the companies; that he wanted them broken up and made into 'private' companies. The way he said it inferred they were government-run entities.
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RUMMYisFROSTED Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 10:21 AM
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1. Weren't FNMA/FHLMC "privatized" in the 60's?
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nichomachus Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 10:21 AM
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2. Air America has a related piece
although not what you're looking for

http://airamerica.com/blog/2008/sep/11/mccain%E2%80%99s-special-interests-are-not-so-special-him

“Aquiles Suarez, listed as an economic adviser to the McCain campaign in a July 2007 McCain press release, was formerly the director of government and industry relations for Fannie Mae. The Senate Lobbying Database says Suarez oversaw the lending giant's $47,510,000 lobbying campaign from 2003 to 2006.

And other current McCain campaign staffers were the lobbyists receiving shares of that money. According to the Senate Lobbying Database, the lobbying firm of Charlie Black, one of McCain's top aides, made at least $820,000 working for Freddie Mac from 1999 to 2004. The McCain campaign's vice-chair Wayne Berman and its congressional liaison John Green made $1.14 million working on behalf of Fannie Mae for lobbying firm Ogilvy Government Relations. Green made an additional $180,000 from Freddie Mac. Arther B. Culvahouse Jr., the VP vetter who helped John McCain select Sarah Palin, earned $80,000 from Fannie Mae in 2003 and 2004, while working for lobbying and law firm O'Melveny & Myers LLP. In addition, Politico reports that at least 20 McCain fundraisers have lobbied for Fannie Mae and Freddie Mac, pocketing at least $12.3 million over the last nine years.”

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sharp_stick Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 10:21 AM
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3. They already are private companies IIRC n/t
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nichomachus Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 10:22 AM
Response to Original message
4. dupe -self-deleted
Edited on Tue Sep-16-08 10:22 AM by nichomachus

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