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 sojourner07's Profile |
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| Age: | 44 years old |
| Sex: | Male |
| Location: | , Ohio |
| Country: |  United States |
| Zodiac: |  Sagittarius (Nov 22 - Dec 21) |
| Last Login: | Nov 3, 2008 (425 days back) |
About Me |
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| I edited my profile at Free Christian MySpace Layouts , check out these Christian Myspace Layouts!
Americas Choice Now - Video http://www.americaschoicenow.com/
Please watch this video immediately! |
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My Interests |
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| JOHN McCAIN: "I believe today, as I believed twenty-five years ago, in small government; fiscal discipline; low taxes; a strong defense, judges who enforce, and not make, our laws; the social values that are the true source of our strength; and, generally, the steadfast defense of our rights to life, liberty and the pursuit of happiness, which I have defended my entire career as God-given to the born and unborn.......I have argued to make the Bush tax cuts permanent, to reduce the corporate tax rate and abolish the AMT....... I have proudly defended my twenty-four year pro-life record. Throughout this campaign, I have defended the President's brave decision to increase troop levels in Iraq to execute a long overdue counterinsurgency that has spared us the terrible calamity of losing that war. I held these positions because I believed they were in the best interests of my party and country."MAY 25, 2006:
Mr. President, this week Fannie Mae’s regulator reported that the company’s quarterly reports of profit growth over the past few years were “illusions deliberately and systematically created” by the company’s senior management, which resulted in a $10.6 billion accounting scandal.
The Office of Federal Housing Enterprise Oversight’s report goes on to say that Fannie Mae employees deliberately and intentionally manipulated financial reports to hit earnings targets in order to trigger bonuses for senior executives. In the case of Franklin Raines, Fannie Mae’s former chief executive officer, OFHEO’s report shows that over half of Mr. Raines’ compensation for the 6 years through 2003 was directly tied to meeting earnings targets. The report of financial misconduct at Fannie Mae echoes the deeply troubling $5 billion profit restatement at Freddie Mac.
The OFHEO report also states that Fannie Mae used its political power to lobby Congress in an effort to interfere with the regulator’s examination of the company’s accounting problems. This report comes some weeks after Freddie Mac paid a record $3.8 million fine in a settlement with the Federal Election Commission and restated lobbying disclosure reports from 2004 to 2005. These are entities that have demonstrated over and over again that they are deeply in need of reform.
For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac–known as Government-sponsored entities or GSEs–and the sheer magnitude of these companies and the role they play in the housing market. OFHEO’s report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO’s report solidifies my view that the GSEs need to be reformed without delay.
I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.
I urge my colleagues to support swift action on this GSE reform legislation.I ADD THIS: BARACK OBAMA VOTED AGAINST THIS BILL. ALSO, CONGRESS DEFEATED THE REFORM PRES. BUSH REQUESTED IN 2003. IT WAS CLINTON WHO ACTUALLY STARTED THIS WHIRLWIND AND OBAMA AND HIS CRONIES WHO HAVE REAPED THE HARVEST! LOOK IT UP!! Americas Choice Now - Video http://www.americaschoicenow.com/
Please watch this video immediately! |
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I'd like to meet:Gov. Sarah Palin |
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Music: |
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My Background and Lifestyle |
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| MaritalStatus: | Single |
My Blog |
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Americas Choice Now - Video |
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| http://www.americaschoicenow.com/Powered by ShareThis
Please watch this video. It is of extreme importance!... Posted by sojourner07 on Mon, 03 Nov 2008 05:41:00 PST |
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The Unborn Children |
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| Every drop of blood of the innocent ones who continue to be murdered is seen by their Creator. Will this nation EVER live up to its creed of "LIFE" as well as of "libert... Posted by sojourner07 on Sun, 19 Oct 2008 11:42:00 PST |
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My Friends |
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Tom, Stacy, Marty Goetz, Mark Schultz, Cynthia Clawson, Sandy, Debra, Blind Man, Ronnie Milsap, CELTIC THUNDER, John Purifoy, Christian Myspace Layouts, ♥ Rachel Lynn ♥ CRAVENSCHIC
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sojourner07's profile has been tagged with the following keywords. Click a tag to search for profiles with the same tags. life liberty and the pursuit of happiness, franklin raines, accounting scandal, office of federal housing enterprise oversight, sarah palin, troop levels in iraq, federal housing enterprise oversight, fiscal discipline, myspace layouts, john mccain, fannie mae, liberty and the pursuit of happiness, americas choice, pursuit of happiness, brave decision, twenty five years, chief executive officer, profit growth, true source, social values |
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