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| Name: |
GoneFishin
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| Subject: |
Money talks regulation walks
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Date:
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10/19/2008 8:25:20 PM
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Freddie Mac secretly paid a Republican consulting firm $2 million to kill legislation that would have regulated and trimmed the mortgage finance giant and its sister company, Fannie Mae, three years before the government took control to prevent their collapse.
In the cross hairs of the campaign carried out by DCI of Washington were Republican senators and a regulatory overhaul bill sponsored by Sen. Chuck Hagel, R-Neb. DCI's chief executive is Doug Goodyear, whom John McCain's campaign later hired to manage the GOP convention in September. Goodyear is a longtime political consultant from Arizona who resigned from the Republican convention job this year after Newsweek magazine revealed he had lobbied for the repressive military junta of Myanmar.
Freddie Mac's payments to DCI began shortly after the Senate Banking, Housing and Urban Affairs Committee sent Hagel's bill to the then GOP-run Senate on July 28, 2005. All GOP members of the committee supported it; all Democrats opposed it.
In the midst of DCI's yearlong effort, Hagel and 25 other Republican senators pleaded unsuccessfully with Senate Majority Leader Bill Frist, R-Tenn., to allow a vote.
Unknown to the senators, DCI was undermining support for the bill in a campaign targeting 17 Republican senators in 13 states, according to documents obtained by The Associated Press. The states and the senators targeted changed over time, but always stayed on the Republican side.
The Democrats were against it so they too share in the lack of a vote.
URL: http://us.rd.yahoo.com/dailynews/rss/topstories/*http://news.yahoo.com/s/ap/20081019/ap_on_bi_ge/the_influence_game_housing
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| Name: |
MartiniMan
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| Subject: |
Link Doesn't Work
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Date:
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10/20/2008 11:43:54 AM
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I hit the link and it doesn't work. It seems like a minor point when you compare all the damning evidence against Frank, Dodd, Waters et al and their overt complicity in perpetrating this fraud on the American taxpayer. The facts for all to see are that on any number of occasions during the last 5-6 years various Republicans have tried to fix this problem and all were blocked by Dems.
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| Name: |
GoneFishin
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| Subject: |
Link Doesn't Work
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Date:
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10/20/2008 12:51:38 PM
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Must be a right wing conspiracy that disabled the URL!!!!!!! Try the infamous cut and paste.
http://news.yahoo.com/s/ap/20081019/ap_on_bi_ge/the_influence_game_housing
URL: http://us.rd.yahoo.com/dailynews/rss/topstories/*http://news.yahoo.com/s/ap/20081019/ap_on_bi_ge/the_influence_game_housing
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| Name: |
MartiniMan
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| Subject: |
Link Doesn't Work
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Date:
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10/20/2008 3:01:37 PM
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Yeah, we're prone to conspiracies. Let me look at it and I'll let you know what I think.
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| Name: |
water_watcher
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| Subject: |
Link Doesn't Work
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Date:
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10/20/2008 3:03:21 PM
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No ... just your stupidity that you do not know how to post a URL on this board. You don't include the http://
Every time you post you prove your stupidity more and more.
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| Name: |
MartiniMan
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| Subject: |
Bizarro world
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Date:
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10/20/2008 3:09:41 PM
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My favorite quote from the piece, Republicans in favor of more regulations and controls and Democrats against. This neither surprises nor bothers me as that is what lobbyists do. They try to influence legislation on behalf of their clients. Big deal. I pay one lobbyist $50K per month to help us on a project that will be great for the environment but is out of their normal wheelhouse. I don't mind it as long as we end up doing what is right.
The lobbying effort speaks to the fact that Republicans, including the White House, were raising the alarm bells long ago and were blocked by Democrats. This lobbying effort proves that point. No need to lobby Dems because they were already on the take from Fannie and Freddie. This proves my point about who is to blame.......
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| Name: |
GoneFishin
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| Subject: |
Link Doesn't Work
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Date:
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10/20/2008 7:08:06 PM
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Waterman. you seem to be aggitated. It is just a link man. You need some $150 bottle wine to calm your nerves. Don't worry Be happy!!!!!!! I worry about you that you are overloading yourself with details and fear of the future. it will work out for you. Trust me!
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