The Reform for Fannie, Bill S.190 was introduce by the Republicans….in fact, McCain co-sponsored (although this is video from the House of Reps).
The Bill must go thru Committee & gain 60% support. The committee is made up of 20 members. At the time, 11 were Republicans & 9 were Democrats. To get 60% of support, the Republicans needed ONE Democrat to support. Not one Democrat budged & the bill died.
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