Simply Politics and News

[tinner]

In 2006, the Federal Housing Enterprise Regulatory Reform Act of 2005 (first put forward by Sen. Charles Hagel [R-NE]) where he pointed out that Fannie Mae's regulator reported that profits were "illusions deliberately and systematically created by the company's senior management". However, this legislation too met with opposition from both Democrats and Republicans. This bill was passed by the House, but was never presented to the Senate for a vote.

Amnd I know you will tell me WHY it didn't come to a vote won't you? And when you do I will tell you the real reason! Post away!