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I need that YouTube, of McCain speaking AGAINST fed takeover of Fannie Mae.

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pnorman Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-10-08 12:09 AM
Original message
I need that YouTube, of McCain speaking AGAINST fed takeover of Fannie Mae.
I think it was from last year. Can anyone here help?

pnorman

(I don't know who that image belongs to, but I've been using it all day, and to good effect.
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mrJJ Donating Member (657 posts) Send PM | Profile | Ignore Wed Sep-10-08 12:12 AM
Response to Original message
1. If you find it this may help
The feigned outrage of McCain and Palin at the inaction of Congress and the influence of Fannie Mae and Freddie Mac lobbyists is ironic considering the fact that “at least 20 McCain fundraisers have lobbied on behalf of Fannie Mae and Freddie Mac” in recent years.

More troubling is the fact that McCain’s campaign manager, Rick Davis, “served as president of an advocacy group led by Fannie Mae and Freddie Mac” that worked to cripple regulatory initiatives in Congress because the two institutions feared that “Congressional meddling would lower their healthy profits.” As the Politico reported in July:

Davis headed the Homeownership Alliance, a lobbying association that included Fannie, Freddie, nonprofit groups, real estate agents, homebuilders and consumer advocates. … worked to oppose congressional efforts to tighten controls on Fannie and Freddie.

In July 2003 for example, Davis “wrote to the American Banker, taking issue with an opinion piece…arguing that Fannie and Freddie should operate with greater transparency.” Such transparency and greater regulatory controls might have averted the current crisis.


http://thinkprogress.org/2008/09/09/mccain-lobby-fannie-freddie/
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pnorman Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Sep-10-08 01:10 AM
Response to Reply #1
2. Thanks, I may use that too.
And I'll keep Googling.

pnorman
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