Reply #7: You bought the Republican spin

[karynnj]

1) On Freddie and Fannie, Dodd and the other Banking Committee Democrats supported the bipartisan bill to regulate the FMs that passed the House. The Republicans ignore that bill, which they defeated in committee, speaking only of Hagel's bill that passed the committee but which they never took to floor vote because it didn't not have the support of a significant number of Republicans. If they really wanted regulation - they too could have supported the bipartisan bill. (In addition, the FMs only bought 17% of the mortgages that had failed by last September - their private counterparts, that would have gained market share had the Hagel bill passed, were worse.

2) Dodd was one of the co-sponsors of a Sarbanes bill introduced in 2000, 2002, and 2003 - three successive Congresses to regulate predatory lending itself. (In 2000, the only sponsors were Sarbanes, Kerry, Dodd, Durbin, and Schumer) There was no Republican support.