Flashback: When Obama Filibustered Fannie Mae Financial Reform

R.S. McCain has a reminder about Barack Obama's past:

[I]n July 2005 . . . the Senate Banking Committee, then controlled by the Republicans, adopted tough regulatory legislation for the GSEs [government-sponsored entities, i.e., Fannie Mae and Freddie Mac] on a party-line vote — all Republicans in favor, all Democrats opposed. . . .
If legislation along the lines of the Senate committee’s bill had been enacted in that year, many if not all the losses that Fannie and Freddie have suffered, and will suffer in the future, might have been avoided.
Why was there no action in the full Senate? As most Americans know today, it takes 60 votes to cut off debate in the Senate, and the Republicans had only 55. To close debate and proceed to the enactment of the committee-passed bill, the Republicans needed five Democrats to vote with them. But in a 45 member Democratic caucus that included Barack Obama and the current Senate Banking Chairman Christopher Dodd (D., Conn.), these votes could not be found.

No wonder why Obama wants greater regulation of the internet: it makes an historical blackout easier. Who could forget this video?