what ever, Barney... just STFU and go play grab a$$ with your little boy toys and leave our country alone. You've already screwed up the home mortgage industry.
Posted on 11/22/2010 1:39:14 PM PST by FromLori
The person who is almost singlehandedly responsible for the complete disaster that are today's bankrupt GSEs, somehow succeeds in making America hate him even more, when he notes that the global response of condemnation to the Fed's actions, and the subsequent enjoinder by Republicans who wish nothing less than to save the dollar, instead of allowing hyperinflation to deal with the consequences of the idiotic actions by the MA congressman, is "extreme hypocrisy." How this excuse for a representative (of anything more than a few well-rounded bankers) gets any air time is beyond us. Until then, we will make sure the collective blood pressure of our readership remains elevated thanks to such unprecedented examples of the supreme corruption in D.C. as Barney Frank. And unrelated, but even more disturbing, is Frank's statement that he doesn't mind that there haven't been prosecutions of financial crisis players. Don't worry Barney, prosecutions will come... Luckily these will happen once your immunity lapses.
Anyone with a heart condition is advised against reading/watching this post.
From a letter just sent out by the Frank.
Chairman Frank Statement on Republican Attacks on Fed Efforts to Boost U.S. Economy
Washington, D.C. – House Financial Services Committee Chairman Barney Frank (D-MA) issued the following statement today regarding Republican attacks on efforts by the Federal Reserve to use well-understood monetary policy tools in order to help boost the U.S. economy:
“I was not surprised at the extreme hypocrisy of the Central Bank of China insisting that America – apparently alone among nations – has an obligation to subordinate its own legitimate economic needs to international currency movements, nor was I surprised that other central banks, including Germany’s, joined China.
“What did disappoint me was to see conservative economists, high-ranking officials of previous Republican administrations, and Republican Congressional leaders share the attack by these foreign banks not simply on the substance of the Federal Reserve’s proposal, but on the very notion that America has a right to give a primary focus to our own economic need for growth at this time.
“Debating American economic policy is one thing; joining in a broad attack by foreign central banks, who insist that America somehow must subordinate our own legitimate economic needs to their currency requirements, is quite another. But that is essentially what the Reagan-Bush-Bush economists have asserted in their letter to Chairman Bernanke when they say that ‘The Fed’s purchase program has also met broad opposition from other central banks and we share their concerns that quantitative easing by the Fed is neither warranted nor helpful in addressing either U.S. or global economic problems.’”
Note: Republican Congressional leaders issued their attack on the Fed in a letter sent last week to Federal Reserve Chairman Ben Bernanke. The former Republican administration officials and other prominent conservatives sent a separate letter to Bernanke last week.
And here is Frank on Bloomberg earlier:
Except for those in the criminal faggot's (highly gerrymandered) district, who've been re-electing him by comfortable margins for decades now.
Barney cracks me up-I always think of Elmer Fudd when he talks!
Frank’s greatest love is himself.
When is this Perverted Criminal pile of crap going to get tossed out?
correction. he called the attacks “extweme hypocwisy”.
I think you mean “Extweem Hypocwacy”.
what ever, Barney... just STFU and go play grab a$$ with your little boy toys and leave our country alone. You've already screwed up the home mortgage industry.
Any student of Monetary Policy knows that printing money expands the Monetary Base (M1) which ultimately leads to runaway inflation. The only reason we haven't seen inflation yet is because the Velocity of Money (V) has stagnated since banks are not lending to businesses who are too scared to borrow. Only a Keynesian believes you can push on a string and get anywhere. What businessman worth his salt makes plans to expand when he has no earthly clue which idiotic government program is coming next.
We all have to be happy about one thing........ all these clowns are back in thier seats as a VISUAL REMINDER of the damage they have brought on this country and the reasons why we need to haul them out in handcuffs.
Barney will never be tossed out. The people in Barney’s district are just like him. Get over it. They will elect Barney forever.
Barney will never be tossed out. The people in Barney’s district are just like him. Get over it. They will elect Barney forever.
Barney will not live forever. One day he will bite the dust. And then we will be rid of him. FOREVER.
“Barney will never be tossed out. The people in Barney’s district are just like him. Get over it. They will elect Barney forever.”
Need term limits then!
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