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Silver Bullets: Legislation Pending in the House to Kill Fannie and Freddie and the C
Silver Bullets: Legislation Pending in the House to Kill Fannie and Freddie and the CRA
» by Bill Dupray in: Capitalism, Congress, Conservatives, Corruption, Democrats, Economy, Law IBD has a terrific editorial pinning the economic meltdown squarely on Fannie and Freddie and their enabling legislation, the Community Reinvestment Act. It is worth a full read. The Community Reinvestment Act is to blame for the financial crisis, but it so powerfully serves Democrats’ interests that they’ll do anything to protect it — including revising history.They go through, one by one, each myth floated by the Democrats and the MSM and explode them with the facts. It is a good article to bookmark for future reference. Republicans in Congress are not standing idly by. Two bills in the House would be a good place to start. HR 7264, which has nine co-sponsors, would repeal the CRA. And HR 7094, with 17 co-sponsors, would dissolve Fannie Mae and Freddie Mac.Here is the link to HR 7264, with the money provision. SEC. 105. REPEAL OF COMMUNITY REINVESTMENT ACT.The hatchet for Fannie and Freddie is here. SEC. 3. TERMINATION OF CURRENT CONSERVATORSHIP.While the Republicans may be a little . . . shorthanded in the 111th Congress, it doesn’t mean we shouldn’t bring things like this to light so people can contact their members of congress and push hard for this critical legislation. To allow the Democrats to whitewash this debacle and ignore the root problem is simply setting ourselves up to fail again. http://patriotroom.com/silver-bullet...e-and-the-cra/
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If this ever happens, it will be a great step forward in the degovernmentalization (ain't that a neat new word!!??) that needs to take place, if we are to return to the republic we once were.
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One Big Ass Mistake, America "Political correctness is a doctrine, fostered by a delusional, illogical minority, and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end." |
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