Henery Waxman defends holding Freddie/Fanny hearing after election, gets schooled.

Henery Waxman defends holding Freddie/Fanny hearing after election, gets schooled.

www.axcessnews.com

Rep. Mica, stressing the fact that Waxman was stalling hearings until after the elections, asked the three former government administrators, "Do you know what comes before November 20th? The elections." At which point Waxman intervened, pointing out that Rep. Mica had used up his allotted time. But Mica then taped a large sheet of paper to the front of the Committee podium which read "November 20".

(visit the link for the full news article)

I don't know if anyone else saw this, but Waxman tried to get the panel to agree tat this had almost nothing to o with the current crisis. He was rebuked pretty thoroughly, which than begs the question of why democrats are being allowed to cover up their part in this?

You can blame bush and the war all you want, but the fact is it was democrats/Clinton policies with the sub prime loans that got us in to this sittuation.

www.axcessnews.com
(visit the link for the full news article)



[edit on 24-10-2008 by Marcus Calpurnius]

Yeah, I bet he'd like that, considering that the Democrats are up to their eyeballs in that mess.

Honestly, though, I don't know why he'd be that concerned. The media will let the Dems off the hook whenever they hold the hearings, just as they have all along.

Fraid you fellows are way off here. The senator from Florida tried to lay blame on Obama and the Dems and all three of the witnesses (Republicans, I might add) testifyed that Fannie and Freddie where not the cause of the problem. The cause my friends was deregulation and that is the conservative's mantra. Let the market regulate itself. So democrat and republican aside, this problem was caused by conservative thinking, which Alan Greenspan now says was wrong.

Edit to add:

My god, I just watched that Fox clip that is posted. It is edited to mislead you. I will look for the full clip.

[edit on 24-10-2008 by damwel]

Originally posted by damwel
Fraid you fellows are way off here. The senator from Florida tried to lay blame on Obama and the Dems and all three of the witnesses (Republicans, I might add) testifyed that Fannie and Freddie where not the cause of the problem. The cause my friends was deregulation and that is the conservative's mantra. Let the market regulate itself. So democrat and republican aside, this problem was caused by conservative thinking, which Alan Greenspan now says was wrong.

Did you watch the video? All 3 disagreed with Waxman and said that Freddie and Fanny are significant contributors to this problem. Which than begs the question, why are we waiting till AFTER the election for those hearings.

(We already know why).

The clip is edited, Greenspan said it was not the primary cause and so did the other 2. I am going to find the full clip. Fox is misleading you to further their agenda.





[edit on 24-10-2008 by damwel]

Originally posted by damwel
The clip is edited, Greenspan said it was not the primary cause and so did the other 2. I am going to find the full clip. Fox is misleading you to further their agenda.

Waxman claimed it wasn't significant, than all 3 disagree and say it was significant. The whole quote is in the story!

[edit on 24-10-2008 by Marcus Calpurnius]

That's not correct and that's not what they said. Waxman asked them if they felt the collapse was due to Fannie and Freddie and all three stated that although it played a part it was not the cause.

Still looking for the exact clip but check the one I posted above