The GOP never brought the bill up for a vote for any Democrat to block, as you have stupidly admitted!!!!! Like a knee jerk hack you blame the Dems, but the GOP didn't even have support among themselves which is why they never brought the bill to the floor for a vote, so it is a complete fabrication to claim the GOP had 55 votes!!!! The GOP had been using a "Majority of the majority" rule for bringing a bill to the floor for a vote and if they had 55 GOP votes they would have brought it up for a vote, but there was not a majority of Senate Republicans supporting ANY reform bill to bring it up for a vote. Thus NO bill ever made it to the Senate floor for a vote! All but one never made it out of committee even though the GOP held a two seat majority in the committee. There is no 60 vote rule in committee!!!!
"....Led Efforts To Block Reform Of Fannie Mae And Freddie Mac
"
Who did?
Democrats.
The fabrication begins when you claim a cerebral cortex.
For those capable of erudition:
Published:
September 11, 2003
WASHINGTON, Sept. 10
The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.
Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.
The proposal is the opening act in one of the biggest and most significant lobbying battles of the Congressional session.
Among the groups denouncing the proposal today were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing.
''These two entities --
Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''
Representative Melvin L. Watt, Democrat of North Carolina, agreed.
New Agency Proposed to Oversee Freddie Mac and Fannie Mae - NYTimes.com
What have we learned?
That the Democrats are the provenance of the problem.....and the bar to the solution.
And, that you remain a dope swearing allegiance to the corrupters.
Once again.....no Liberal/Democrat/ Progressive should ever.......ever......be allowed a seat of power in this nation.
What we have learned is you lack the intelligence to differentiate between TALK, and ACTIONS!!!!! While the GOP TALKED reform, they blocked all reform in COMMITTEE which the GOP CONTROLLED. No bill got out of the GOP controlled committees in 2003 or 2004 where the GOP held the majority of seats!!!
Here are all the bills of 2003 and 2004:
H.R.2022 introduced on 7 May 2003 by Rep. Christopher Shays (R-CT,4).
Title: To extend the registration and reporting requirements of the Federal securities laws to certain housing-related Government-sponsored enterprises, and for other purposes.
Latest Major Action: 5/23/2003 Referred to House subcommittee. Status: Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
H.R.2117 introduced 23 May 2003 by Rep. Pete Fortney (D-CA,13).
Title: To amend the Federal National Mortgage Association Charter Act and the Federal Home Loan Mortgage Corporation Act to remove certain competitive advantages granted to the housing-related government-sponsored enterprises relative to other secondary mortgage market enterprises, and for other purposes.
Latest Major Action: 5/23/2003 Referred to House subcommittee. Status: Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
H.R.2575 introduced on 24 June 2003 by Rep. Richard H Baker (R-LA,6).
Title: To reform the regulation of certain housing-related Government-sponsored enterprises, and for other purposes.
Latest Major Action: 9/25/2003 House committee/subcommittee actions. Status: Committee Hearings Held.
H.R.2803 introduced on 21 July 2003 by Rep. Edward R Royce (R-CA,40).
Title: To establish the Office of Housing Finance Oversight in the Department of the Treasury to ensure the financial safety and soundness of Fannie Mae, Freddie Mac, and the Federal home loan banks.
Latest Major Action: 8/4/2003 Referred to House subcommittee. Status: Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
H.R.2897 introduced on 25 July 2003 by Rep. Julia Carson (D-IN,7)
Title: To end homelessness in the United States.
Latest Major Action: 8/25/2003 Referred to House subcommittee. Status: Referred to the Subcommittee on Housing and Community Opportunity.
S.1508, introduced 31 July 2003 by Sen Chuck Hagel (R-NE).
Title: A bill to address regulation of secondary mortgage market enterprises, and for other purposes.
Latest Major Action: 4/1/2004 Senate committee/subcommittee actions. Status: Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
S.1656, introduced 23 September 2003 by Sen Jon S. Corzine (D-NJ).
Title: A bill to address regulation of secondary mortgage market enterprises, and for other purposes.
Latest Major Action: 9/25/2003 Referred to Senate committee. Status: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
H.R.3507 introduced 18 November 2003 by Rep. Brad Sherman (D-CA,27).
Title: To expand homeownership opportunities in States having high housing costs.
Latest Major Action: 1/2/2004 Referred to House subcommittee. Status: Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.