09-25-2008, 02:09 PM
WTHS; Are you referring to the Federal Housing Enterprise Regulatory Reform Act of 2005? If so, I don't think that bill ever made it to the Senate floor. I know the bill was primarily backed by Senator Hagel, and went to the Senate commitee on Banking, Housing, and Urban Affairs in 2005. This commitee was GOP controlled. The GOP had a two person majority over the Dems, so I cannot see how the minority members could have stopped it's progression out of commitee. Also, if you read the bill, it actually deregulated Fannie more than provide effective oversight, which raises an interesting question. Would more deregulation have prevented this mess, or made it worse than it is? I am confident that there is more to the history of this bill, but I don't have to time to dig it up, and I refuse to get my information from news agencies with political agendas; MSNBC, Fox News, NPR, etc. I prefer to formulate my own opinions based on my research.
Now, if you were referring to a Bill other than the one I was speaking of, my comment is completely irrelavent!
Now, if you were referring to a Bill other than the one I was speaking of, my comment is completely irrelavent!