| − | McCain is a staunch advocate of freedom in the economy. McCain has spent his career fighting for deregulation and the prosperity of a free market. In 1999, McCain voted in favor of the Gramm-Leach-Bliley Act, which passed in the Senate by a vote of 54-44.<ref>http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=106&session=1&vote=00105</ref> The bill promoted more freedom for banks, brokerage houses, and insurance companies. In 2002 he voted for the Sarbanes-Oxley Act, which passed the Senate without opposition.<ref>http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=107&session=2&vote=00192</ref> | + | McCain is a staunch advocate of freedom in the economy. McCain has spent his career fighting for deregulation and the prosperity of a free market. In 1999, McCain voted in favor of the Gramm-Leach-Bliley Act, which passed in the Senate by a vote of 54-44.<ref>http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=106&session=1&vote=00105</ref> The bill promoted more freedom for banks, brokerage houses, and insurance companies. In 2002 he voted for the Sarbanes-Oxley Act, which passed the Senate without opposition.<ref>http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=107&session=2&vote=00192</ref> In 2005 McCain co-sponsored the Federal Housing Enterprise Regulatory Reform Act which would allow the office of Federal Housing Enterprise oversight of the Department of Housing and Urban Development (HUD), an independent Federal Housing Enterprise Regulatory Agency which shall have authority over Federal Home Associations. McCain said the following on May 26th, 2006: |
| − | ====Handouts====
| + | ''"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."'' <ref>http://beltwaysnark.com/2008/09/16/john-mccain-supported-a-proposal-for-an-agency-to-oversee-fannie-and-freddiein-2005/</ref> |