McCain Letter Demanded 2006 Action on Fannie and Freddie
by Human Events

Sen. John McCain's 2006 demand for regulatory action on Fannie Mae and Freddie Mac could have prevented current financial crisis, as HUMAN EVENTS learned from the letter shown in full text below.

McCain's letter -- signed by nineteen other senators -- said that it was "...vitally important that Congress take the necessary steps to ensure that [Fannie Mae and Freddie Mac]...operate in a safe and sound manner.[and]..More importantly, Congress must ensure that the American taxpayer is protected in the event that either...should fail."

Sen. Obama did not sign the letter, nor did any other Democrat.


http://www.humanevents.com/article.php?id=28973

We know it is obvious he will never get credit for trying to derail the financial disaster. Maybe if the Dem. house and senate had listened , but that would have cut out alot of their favorite ear marks and stepped on toes.