Political Quotes

“I appreciate the gentleman's support of the underlying bill and the savings of $2.5 billion and that they'd like to proceed and make some cuts to Fannie Mae and Freddie Mac over the course of the next year, and that is something that ultimately we have to address. Under Mr. Frank and under this Democratic Congress, we've already worked on reforms to Fannie Mae and Freddie Mac, unlike my friends on the Republican side of the aisle. And I just remind them what their chairman of the House Financial Services said about the efforts to reform and revamp Fannie Mae and Freddie Mac back when the Republicans were in charge of both the White House and this Congress. There was an effort to reform Fannie Mae and Freddie Mac between Mr. Oxley and Mr. Frank, but instead of getting any assistance, he fumed particularly about the White House. This was from an article in the Financial Times. It was by Mr. Oxley. This is an article written and quoted from Mr. Oxley in the Financial Times last September, September 9, 2008, where he fumes against criticism that the House didn't try to reform Fannie Mae and Freddie Mac back a few years ago. He says, "All the hand-wringing and bed-wetting is going on without remembering how the House stepped up on this," to try to reform Fannie Mae and Freddie Mac. He said, "What did we get from the White House?" A White House that was controlled by the Republicans. "We got a one-finger salute" in trying to reform Fannie Mae and Freddie Mac.”