Why was Freddie not regulated

Rev and I were discussing in another thread that is now closed how the Republican's tried to do something about Freddie Mac. He talked about the legislation that was introduced but blamed the Democrats for blocking the measure.

I ran across this interesting article that discusses some of what happened to that bill. I don't believe this is the only reason the bill never came to a vote but it does show fault was on both sides of the isle.

http://www.examiner.com/x-2547-Watc...acs-selfinvestigation-of-lobbying-accusations

 

I didn't see "wasn't deregulation" in this article.

It also appears the guardians were bought out with tax dollars since that's what Freddie has. This article points to Republican's but my gut says Democrats equally took the bait with the aggressive and defensive response they made toward change.

No bill will do any good unless it comes to a vote and this article illuminates how the hill works and why this bill wasn't brought to a vote. To say the GOP talked about fixing the system means nothing if they sold their soul's along the way.