Mahoney did Nothing to Prevent Credit Crisis

From Rooney for Congress:

Mahoney did Nothing to Prevent Credit Crisis
(Stuart, FL) – Tim Mahoney and his colleagues on the House Financial Services Committee ignored the warning signs of the credit crisis for the past two years, and took no action to solve the root of the problem to prevent this from happening again. The signs and the warnings were clear, but they chose to do nothing until
the last minute.

If Mahoney and his friends had acted sooner how much could they have saved the taxpayers? Why didn’t Tim Mahoney speak up and demand action on this impending crisis?

“Since taking office Tim Mahoney has accepted $495,415 from Financial Services sector including Fannie Mae and Freddie Mac,” said Rooney Spokesman Jeff Ostermayer. “Mahoney needs to return the campaign contributions he has received from Fannie and Freddie immediately. The taxpayers are bailing out these
organizations and Tim Mahoney is accepting campaign contributions from them, that’s just wrong.”

It is time for real leadership in Washington; Mahoney is deep in the pockets of the same special interests that turned to him for a bailout. Tom Rooney will go to Washington, beholden only to the people of the 16th District of Florida and fight for real reform.

Tom Rooney served as a Captain in the U.S. Army as a JAG Officer, taught Constitutional and Military Law at the United States Military Academy at West Point, was the CEO of Home Safe, a Palm Beach shelter for abused children, and is running for the 16th Congressional District of Florida.