|
|
|
Democrat gubernatorial candidate Tom Holland used his time behind the microphone to blast his opponent, Senator Sam Brownback, for his 2008 vote in support of the Fannie Mae and Freddie Mac bailout.
The money for the two mortgage giants was part of the 2008 Housing and Economic Recovery Act of 2008, which was designed to address to sub-prime mortgage crisis that was crippling the country’s housing market. The bill authorized the Federal Housing Administration to guarantee up to $300 billion in new fix-rate mortgages and put Fannie Mae and Freddie Mac under the conservatorship of the Federal Housing Finance Agency.
The funding to the two lenders was intended to restore confidence in both companies, which together hold roughly 80 percent of the country’s home loans.
During his press conference Wednesday, Holland noted that during the Saturday’s gubernatorial debate at the Kansas State Fair, Brownback “attempted to rewrite his record by giving the impression that he voted against the measure.”
“It might be acceptable in Washington to shirk responsibility and never admit the truth – but that is unacceptable here in Kansas. Senator Brownback voted for the $200 billion bailout of Freddie Mac and Fannie Mae. This is a matter of fact and a matter of record; it cannot be spun, brushed aside or explained away,” Holland said.
Brownback’s campaign spokesperson Sherriene Jones-Sontag said Holland’s attacks of Brownback has become consistent and “absurd.”
“In an hour long debate, Tom Holland attacked Sam Brownback 66 times,” Jones-Sontag said. “Now he’s attacking the senator for a vote he apparently agreed with. Sam Brownback has voted repeatedly to protect taxpayers, increase oversight of Fannie and Freddie and repeal the bailouts.”
There are no bigger spenders in the Kansas Legislature then the Holland-Kultala ticket. They are two of only five state senators who achieved a 2010 Kansas Taxpayers Network rating of zero. As stated in the Road Map for Kansas, Sam Brownback’s first act as governor will be to freeze state general fund spending. Only Brownback offers us a plan for moving Kansas forward."
According to the Associated Press, in May 2010, Brownback said he supported efforts to “curtail the government’s support of Fannie Mae and Freddie Mac.”
Fellow Senator Pat Roberts also voted for the bill, which passed the Senate with a 72-13 vote.
Democrat gubernatorial candidate Tom Holland used his time behind the microphone to blast his opponent, Senator Sam Brownback, for his 2008 vote in support of the Fannie Mae and Freddie Mac bailout.
The money for the two mortgage giants was part of the 2008 Housing and Economic Recovery Act of 2008, which was designed to address to sub-prime mortgage crisis that was crippling the country’s housing market. The bill authorized the Federal Housing Administration to guarantee up to $300 billion in new fix-rate mortgages and put Fannie Mae and Freddie Mac under the conservatorship of the Federal Housing Finance Agency.
The funding to the two lenders was intended to restore confidence in both companies, which together hold roughly 80 percent of the country’s home loans.
During his press conference Wednesday, Holland noted that during the Saturday’s gubernatorial debate at the Kansas State Fair, Brownback “attempted to rewrite his record by giving the impression that he voted against the measure.”
“It might be acceptable in Washington to shirk responsibility and never admit the truth – but that is unacceptable here in Kansas. Senator Brownback voted for the $200 billion bailout of Freddie Mac and Fannie Mae. This is a matter of fact and a matter of record; it cannot be spun, brushed aside or explained away,” Holland said.
Brownback’s campaign spokesperson Sherriene Jones-Sontag said Holland’s attacks of Brownback has become consistent and “absurd.”
“In an hour long debate, Tom Holland attacked Sam Brownback 66 times,” Jones-Sontag said. “Now he’s attacking the senator for a vote he apparently agreed with. Sam Brownback has voted repeatedly to protect taxpayers, increase oversight of Fannie and Freddie and repeal the bailouts.”
There are no bigger spenders in the Kansas Legislature then the Holland-Kultala ticket. They are two of only five state senators who achieved a 2010 Kansas Taxpayers Network rating of zero. As stated in the Road Map for Kansas, Sam Brownback’s first act as governor will be to freeze state general fund spending. Only Brownback offers us a plan for moving Kansas forward."
According to the Associated Press, in May 2010, Brownback said he supported efforts to “curtail the government’s support of Fannie Mae and Freddie Mac.”
Fellow Senator Pat Roberts also voted for the bill, which passed the Senate with a 72-13 vote.
