Friday, October 17, 2008

Sununu Shows How to Fight

"Only seven months into his term, Mr. Sununu introduced legislation to give a new federal regulator power to oversee Fan and Fred's holdings, and to ratchet up their capital requirements. Far from creating the economic mess, Mr. Sununu in 2003 (and in 2005) was trying to stop it. Democrats didn't listen until this summer, when they finally included Mr. Sununu's reforms in their Fannie/Freddie rescue legislation. That was five years too late."

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