Skip to comments.Barney Frank Busted--- 2005 Speech Nails Him To Housing Collapse (Video)
Posted on 04/24/2009 9:58:35 AM PDT by Steelfish
Friday, April 24, 2009 Barney Frank Busted--- 2005 Speech Nails Him to Housing Collapse (Video)
In an amazing display of dishonesty, Barney Frank claimed this week that conservatives were to blame for pushing unqualified buyers into home ownership.
But, Verum Serum dug up video from 2005 that shows that not only was Frank oblivious and in full denial of the housing bubble, but Frank also admits in the speech that he will continue to push for home ownership:
Via Verum Serum
Here is Rep. Barney Frank (D-Mass.) on June 27, 2005 on the House Floor:
"Those who argue that housing prices are now at a point of a bubble seem to me to be missing a very important point. Unlike previous examples we have had when substantial excessive inflation of prices later caused problems we are talking here about an entity, home ownership, homes where there is not the degree of leverage where we have seen elsewhere. "
"This is not the dot-com situation. We had problems with people having invested in business plans of which there was no reality; people building fiber optic cables for which there was no need. Homes that are occupied may see an ebb and flow in the price at a certain percentage level. But you're not going to see the collapse that you see when people talk about a bubble and so those of us on our committee in particular will continue to push for home ownership."
Barney Frank knows he was a major player in creating the housing bubble that sent the economy into a tailspin after its collapse. It is disgusting that he would hold interviews today and lie about his role and have the gall to blame it on conservatives.
(Excerpt) Read more at gatewaypundit.blogspot.com ...
...with as much lying as he’s done, how is it that Barney Frank hasn’t been tried for perjury?
“That’s nwot mee. Thwis is a hit pwiece by the repubwicans.”
Bawny,Bawny,Bawny, what are we going to do with you? I GOT A COUPLE THOUGHTS!
How do they make sense of anything he says? Is his translator Sylvester the cat?
btt more proof
If you want the public to believe a lie, make it a big one. Slick W. knew this well.
I’ve seen that video... that video would put Us in JAIL.
Thus the trouble... that video has been played for and TO Mr. Lightloafers, and he flat out ... eyeball to eyeball.. DENIED HE EVER SAID THAT.. shown to him AGAIN... he DENIED IT ... AGAIN
is he afflicted with Massachusettsitis?? Look at what they send to Washington... it has to be AIRBORN and CONTAGIOUS!
What he said then is not important. It’s what he says now that has meaning. //Sarc//
Just proving my tagline again, and again......
This is what libs do...
They pushed for “rights” (right to own a home) for minorities and so on. Must not have redlining!!!
When it came crashing down, they (and their lib media accomplices) blamed it on conservatives and then propped themselves up as the solution to the problem that they created in the first place.
Their solution? Even more socialism.
Not amazing -- fully expected. Barney "less than" Frank is a veritable lie/steal/cheat machine. ...and one who belongs in prison for the remainder of his vile, putrid life.
Easy answer. We are now under the communists King Obama and his corrupt RAT party. This communists leadership will not prosecute one of their own. Take close look at the crooks that have been exposed now and nothing done.
he would come out and say that he was taken "out of context" or " the right wing nazis are just posting this video out of hate." or say that he never really said it but was just part of a larger topic.. etc...
That's what they do. They no longer care if they lie, cause there are NO CONSEQUENCES if they do. Not shame, voters in their disgusting districts vote them in and that's that.
Murtha, Franks, Pelosi, Chet Edwards and on and on... all these hypocrites and thieves are just riding the voter scam/cheat into office and letting the bullsh#t fly. As long as they "get theirs" they could care less.
That's the thing, much of the public has no idea what he's talking about so they give him the benefit of the doubt. Americans are too forgiving.
If we could understand this we'd all be democrats!
And the people in his home state are dumb enough to keep voting him in AGAIN and AGAIN and AGAIN and AGAIN.
Send this to Bill O’Reilly — he delights in exposing Frank for the criminal he is, so he very well may play the video on the air.
Same reason Sandy Berger hasn't been prosecuted for stealing and destroying classified documents -- high-profile libs regularly get away with murder.
Barney is an expert at blame shifting. He will quickly shift the argument to something he knows about and then blame shift.
It is a defense mechanism he probably developed as a child growing up in denial.
It is amazing that he gets votes and is elected.
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