McCain Demanded Action On Fannie And Freddie In 2006
By | Sunday, October 12th, 2008 | Policy

In 2006 John McCain and 19 other Senators (all Republicans) wrote a letter asking for the Senate to discuss Fannie Mae and Freddie Mac’s practices.  Observing their combined $1.5 TRILLION in combined debts:

With the fiscal challenges facing us today (deficits, entitlments, pensions and flood insurance), Congres must ask itself who would actually pay this debt if Fannie or Freddie could not?

Well I guess we now know the answer to that question.


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About the author

Jason Kenney

Jason Kenney has blogged at J’s Notes since 2001, is the director of RedStormPAC providing online fundraising for Republican candidates in Virginia, and co-founder of K6 Consulting. He is a graduate from Virginia Commonwealth University and resides in Richmond, Virginia.

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