While John McCain co-sponsored a bill (S.190 Federal Housing Enterprise Regulatory Reform Act of 2005 ) that would have prevented the Fannie Mae and Freddie Mac meltdown, Barack Obama and democratic leadership profited directly from the mortgage crisis. They prevented the establishment of regulatory oversight of Fannie Mae and Freddie Mac that would have required the companies to eliminate their investments in risky assets.

Are you surprised?

Be sure to DIGG the source article.

Advertisements