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raggsat98Aug 19, 2010
Says the man most responsible defending Fanny and Freddy's manipulation of the mortgage market.
Among many other Democrats.
http://youtu.be/_MGT_cSi7Rs
maynzaAug 19, 2010
RABBLE RABBLE RABBLE HE AGREES WITH ME BUT I STILL HAVE TO FIND FAULT BECAUSE HE ISN'T REPUBLICAN RABBLE RABBLE RABBLE
3nder99Aug 19, 2010
Seriously, have you even spent 5 seconds researching this subject?
I'm serious now. Barney was the foremost supporter of Fannie and Freddie, saying everything was just dandy, all the way up to the crash.
He was the leading Democrat on the House Financial Services Committee. Watching over Fannie and Freddie was quite literally his job.
I guess RABBLE RABBLE is your response to facts that you can't dispute.
davidnivenAug 19, 2010
RABBLE RABBLE RABBLE MUST DERIDE ANYONE NOT DRINKING DEM KOOLAID RABBLE RABBLE RABBLE MUST NOT THINK FOR MYSELF RABBLE RABBLE RABBLE CANNOT JUDGE EACH SITUATION ON ITS OWN MERITS RABBLE RABBLE RABBLE MUST WATCH MSNBC TO KNOW WHAT I SHOULD SAY [drool] [slobber]
See? I can do it too.
maynzaAug 19, 2010
Hahaha if DavidNiven has positive votes I know I am right.
yeahwhatever58Aug 19, 2010
It remains to be seen if this is Frank's election year stance...or if he really feels that way. After all, he was a staunch defender of Fanny and Freddie and to see him flip flop on it is pretty out of character for him....or most any politician for that matter.
ncmusicAug 19, 2010
Maybe he flipped because of new evidence or revelations. I'm not defending either position, but it's possible for everyone to learn something and re-evaluate a position.
yeahwhatever58Aug 19, 2010
ncmusic,
Yeah, anything is possible. But I doubt it, especially the way these politicians work. What new evidence could possibly have surfaced that he didn't already know about? I mean the guy was actively involved with this very issue....for many years now. The truth is that most politicians make their moves about issues around election time based on how they think it will fly with the public. They are career politicians who want to keep their jobs...so they say and do whatever it takes to keep their job.
Closed AccountAug 19, 2010
It is good to see that Barney Frank has come around on this despite his past involvement in it.
Maybe a little bit of Ron Paul is rubbing off on him.
grahamvinylAug 19, 2010
Hah! Thats funny.
yeahwhatever58Aug 19, 2010
"Maybe a little bit of Ron Paul is rubbing off on him."
We're talking Barney Frank here. Pun intended???
chefgroovyAug 25, 2010
Shouldn't make fun of him being a flaming hoomosexual. Not cool.
Ron Paul has never rubbed off on Barney Frank
superkendallAug 19, 2010
They should never have been created in the first place, or propped up to the levels they are at now by the federal government.
3nder99Aug 19, 2010
5 Trillion dollars and half of the mortgage market by 2008.
Look no further than here when wanting to learn what happens when a Government Sponsored Entity buys up half of a market with no oversight.
majoroutageAug 19, 2010
Yeah, NOW he says that...
Closed AccountAug 19, 2010
Barney Frank awakens the closet homosexuality of Conservatives. They love to make fun of his voice but I think they actually are just trying to hear what it would sound like with a c**k in their mouth. :)Comment is buried, click here to see the rest.
yeahwhatever58Aug 19, 2010
I'm thinking.....I'm thinking......I'm thinking.......
No, I can't find the relevance here...
Closed AccountAug 19, 2010
hold your tongue and try talking.
Thats how Conservatives impersonate Barney Frank. They seem fascinated with him.
chordonblueAug 19, 2010
I think we're more fascinated that no matter what the man does or says, he still gets the votes.
yeahwhatever58Aug 19, 2010
I think that is a generality that is perpetrated, but not really true. I don't know too many conservatives who go around grabbing their tongues and doing Barney Frank impersonations.
My point was I don't see how that relates to this thread. Perhaps it was just an off the cuff afterthought.....but be that as it may....then does that mean that liberals have their fascinations too?
3nder99Aug 19, 2010
Actually it was Herb Moses a Fannie Mae executive who LITERALLY had his c**k in Franks mouth while Franks supported their destruction of the mortgage market.
I don't even know how to explain how big a conflict of interest that was, and how the f**k Franks is still in Congress. I'm sure it was all a f**king coincidence that Franks kept saying everything was great despite the fact the ENTIRE industry all the way down to the f**king Real Estate agents like my brother knew without a doubt how f**ked up things were.
It wasn't a f**king secret, the mortgage lenders were openly asking each other how long they could keep passing those mortgages before they all ended up in jail.
kellydehnAug 19, 2010
Wow. Were you on the Northwestern or Dartmouth Debate team?
arkons24Aug 19, 2010
woah, that's the first smart thing I've ever heard Barney Frank say.
Its a shame that Fannie and Freddie are completely obsolete now that the Fed has replaced their only purpose. What better pit to bury economic bubbles in than the central bank? Comment is buried, click here to see the rest.
phrawghAug 19, 2010
Wait a minute. I thought Barney wanted Freddy in his Fannie.
misterbadideaAug 20, 2010
Insultingly homophobic.
But a well-constructed joke all the same. I dugg it up.
phrawghAug 21, 2010
Thanks. I aim to please.
diggerlaterAug 19, 2010
Don't they hold like 95% of the mortgages in America? Could be a difficult thing to just "get rid of"... A system of property ownership that consists of renting land from the government, where citizens are subject to arbitrary property seizure if it is deemed in the best interests of the state. It's property rights de jure, not de facto, with emminent domain and corporatism ~ ala Mussolini! Oh wait, this is America, nevermind then I guess.
foreverclever87Aug 19, 2010
Since the government owns them, and since they have most mortgages that exist in America, I can guarantee that will never happen.
mistermysterAug 19, 2010
A flip-flopping politician. What are the odds? =/
deusexmachina7Aug 19, 2010
Probably worth pointing out that F+F securitized loans. They didn't make loans. Big difference.
exergenAug 19, 2010
How can you tell when Barney Frank is lying? Listen for a lisp when he speaks.
davidnivenAug 19, 2010
Maybe Barney had a lucid moment combined with a shred of common sense and made a good decision.
Either that or he had a fight with a homosexual limp-wristed intern again and is now playing the angry liberal homosexual card.Comment is buried, click here to see the rest.
alterliteAug 19, 2010
''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''
September 10, 2003 --- after the Bush Administration had proposed an administration to oversee Fannie & Freddie
http://www.nytimes.com/2003/09/11/business/new-agency-proposed-to-oversee-freddie-mac-and-fannie-mae.html?pagewanted=2
Closed AccountAug 19, 2010
This is what we get when we ask the federal government to do something for us beyond their constitutional obligations.
wateryouthAug 19, 2010
Ron Paul said this years ago with no flip flopping what so ever.
fjcruiserAug 19, 2010
Typical democrat. He had to see Rome burn before believing his actions were stupid. Thanks Frank! Little too late but thanks anyway. Now how do you educate the rest of the idiot democrats?Comment is buried, click here to see the rest.
exergenAug 19, 2010
This is perfectly analogous to someone who farts in a crowded room and then sneaks out the door.
Closed AccountAug 19, 2010
And Fannie.
And the Fed.
holdemrulesAug 19, 2010
wait wasn't he the moron who propped it up and defrauded the american taxpayers in the first place?
principleAug 20, 2010
What worries me is that Barney suggests replacing them with something else. Why? For example, we already have jumbo loans, car loans, etc. that are not supported by F&F. Government first must force the originators of improperly made loans (loans that are in violation of the contractual terms under which F&F purchased them from the originators) to repurchase this loans back from F&F. Government then would be able to sell now healthy F&F and recoup taxpayers’ money.
phydeaux70Aug 21, 2010
I wish he would have felt that way when his partner was making mad loot from Fannie, and Bush had tried to reign them in.
chefgroovyAug 25, 2010
Didn't this lunatic and his democrat cronies cause the problem in the first place?