"We got a one-finger salute"

Rep. Braley reads from a Financial Times article which sets the record straight on who blocked GSE reform:

"The Ohio Republican who headed the House financial services committee until his retirement after mid-term elections last year, blames the mess [at Fannie and Freddie] on ideologues within the White House as well as Alan Greenspan, former chairman of the Federal Reserve.

The critics have forgotten that the House passed a GSE reform bill in 2005 that could well have prevented the current crisis, says Mr Oxley, now vice-chairman of Nasdaq.

He fumes about the criticism of his House colleagues. All the handwringing and bedwetting is going on without remembering how the House stepped up on this, he says. What did we get from the White House? We got a one-finger salute."

You can read the entire article at: http://www.ft.com/cms/s/0/8780c35e-7e91-11dd-b1af-000077b07658.html

Category:

News & Politics

Tags:

• Oversight
• Congress
• GSE
• reform
• Freddie
• Mac
• Fannie
• Mae
• Oxley

[scharwenka1850]

Fix the sound, please.