This is John McCain's speach in sponsoring a bill on May 25, 2006 in the U.S. Senate. He warns of the economic risks of Fannie Mae and Freddie Mac. Obama joined Democrats in killing the bill and now we face a $700 billion bailout as a result. "For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac--known as Government-sponsored entities or GSEs--and the sheer magnitude of these companies and the role they play in the housing market. OFHEO's report this week does nothing to ease these concerns. In fact, the report does quite...
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McCain - Come On - Shout it from the Rooftops
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