The Democrat Record On Fannie Mae & Freddie Mac (2003-2007)

Congressional Transcripts | September 30, 2008 | SBD

[SBD1]

You can read more updates at The Strata-Sphere.

[Skooz]

B-U-M-P everyone’s accusing me

[scottdeus12]

ping

[icwhatudo]

Still no MSM look into Barney Frank’s Fannie love.

No, not “that”. I’m talking about a guy named Moses at Fannie Mae that Frank was having a homosexual relationship with for 10 years. This might explain why he wanted to shield Fannie and his gay lover.

[George Smiley]

Would you mind adding that, with links, to the thread entitled The Timeline Project?

This is exactly the sort of thing we're looking for.

Thanks

[rightinthemiddle]

Thanks for posting BUMP

[Moorka]

The evidence is now mountainous that the democrats promoted these monsters, forced banks into unsound loans, paid off politicians to do their bidding, stacked management with crooks, made phony accountinng statements, and strong-armed critics and regulators. Obama is directly involved in this whole mess from his earliest days as OberFueher at Acorn.

The republicans, if they have any political competence at all, should milk this to landslide numbers and overwhelm the dumbed-downs.

[penelopesire]

AWESOME WORK PING!!

More info at link!

[newroark]

If Barney Frank had that much influence over a massively Republican committee in 2003 I think we need to take a long hard (so to speak) look at the orientation of some of the other Committee members, starting with the Chairman. If the tail was wagging the dog that bad, I think we need to take a closer look at the dog.

[ckilmer]

I go for Newt’s ideas:

“Gingrich’s four-point plan includes:
(1) suspending immediately mark to market provisions (the accounting practice of valuing a financial position in an investment at its current market price) in the hopes of stopping the downward spiral in asset values and eventually replacing it with a three year rolling average;
(2) repealing immediately Sarbanes-Oxley, the 2002 accounting law Gingrich described as “an enormous drag on small business”;
(3) setting the capital gains tax rate at zero “matching the Chinese and Singapore” (to encourage private capital to flood into the market picking up properties without the taxpayers being at risk); and
(4) passing an “extraordinarily powerful” energy bill (”to return $500 billion a year to the American economy that are currently going overseas”).”
http://www.npr.org/templates/story/story.php?storyId=94900671

[rodguy911]

Here is the problem, there have been numerous times over the past ten years when we should have really hammered the rats for what amount to vote buying for their pathetic constituency by destroying banking regs that were obviously very much needed and now have totally screwed up the economy.

Problem is we are and always have been the adults at the great party called the federal budget where govt. spends billions since they always no better than we do.

Adults should have stopped the children long before now. The fact that we did not do what we are doing now RAISING HOLY HELL AND MEANING ITmeans we really don't have the right to claim that now that we get it we have the right to totally help the rats to screw up the economy by falling to do what looks like a needed banking system wide bailout.

The time to straighten the children out was years ago not when the semi is bearing down on all of us. All we can do now is get out of the way and hope it doesn make U turn and head back at us.

From now on we need to realize that democrats are absolutely no different from terrorists.

Both groups attack weakness.

If you look weak to a terrorist he will cut your head off. If you look weak to a democrat he will install socialism and spend every last dime while keeping the country from ever recovering as he attacks capitalism. That's just who they are and it's just what they do. We can either counter it all the time and turn the country around or go through this on a regular basis.

But either way it's too late to avoid this crisis. And in truth we should have acted much sooner to avoid this day.

[STARWISE]

Herb Moses, instrumental in lowering loan standards at FannieMae ... relationship of 10 years ... Frank referred to Herb as “his lover.”

Recapping my post of 9/25/08:

http://www.freerepublic.com/focus/news/2090610/posts?page=238#238
****

He recently broke up with Herb Moses, whom he referred to as his “lover,” after a relationship of more than 10 years. The two are still friends.

http://www.washingtonpost.com/wp-srv/politics/special/clinton/stories/frank121898.htm

~~~~

While the relationship reportedly ended 10 years ago, ((Barney)) Frank was serving on the House Banking Committee the entire 10 years they were together. The committee is the primary House body which along with the Office of Federal Housing Enterprise Oversight (OFHEO) has jurisdiction over the government-sponsored enterprises.

He has served on the committee since becoming a congressman in 1981 and became the ranking Democrat on the committee in 2003. He became chairman of the committee, now called the House Financial Services Committee, in 2007.

((Herb)) Moses was the assistant director for product initiatives at Fannie Mae and had been at the forefront of relaxing lending restrictions at the company for rural customers, according to the Feb. 23, 1998, issue of National Mortgage News (NMN).

“Herb Moses, who helped develop many of Fannie Mae’s affordable housing and home improvement lending programs, has left the mortgage industry,” Darryl Hicks wrote for NMN.

“Mr. Moses - whose last day was Feb. 13 - spent the past seven years at Fannie Mae, most recently as director of housing initiatives. Over the course of time, he played an instrumental role in developing the company’s Title One and 203(k) home improvement lending programs.”

http://www.businessandmedia.org/printer/2008/20080924145932.aspx

[XenaLee]

Barney Frank makes me sick to my stomach. And the sickos that voted him back into office after that brothel scandal are either dumber than bricks or just as perverted as he is. (or both) And Barney Frank is just “one” member of the party of crooks, perverts, socialists and commies that we’re having to deal with.

If it’s really true that half of this country has become corrupted and perverted, then we must face the reality that this country is indeed going down the proverbial toilet.

We can defeat the enemy without, but not the enemy within.

[STARWISE]

Your comments are RIGHT on!! The Dem party are political terrorists.

Maybe somebody will do a Political Terrorist Party graphic.

[Hat-Trick]

And the sickos that voted him back into office after that brothel scandal are either dumber than bricks or just as perverted as he is. (or both)

The same "citizens" who have been sending The Swimmer back to D.C. for all these many years.

[rodguy911]

Thanks Star,it's just naive to view them any other way. They are never to be trusted and always to be countered.

[Toidylop]

It’s amazing that we’re trying to “rescue” the criminals from going to jail because of their actions. But, but, but...

When you look into what happened when the “socialist” government (aka DEM) pushed their policy to make loan available to people that should not come close to ANY loan, you see the result... And we’re now asked to BAIL these friggin’ criminals out.... God help us!!!

[Edgerunner]

Heres a bit on the Community Reinvestment Act of 1977.

http://www.newrules.org/finance/cra.html

[xtinct]

Agree... Newt’s plan is sound.

[unspun]

Today 9/30, 4.06pm Central Time -- Streamed live on http://www.wyll.com - WYLL 1160AM, Chicago, IL

Hear James Simpson interviewed by Sandy Rios.

James Simpson is the former White House economist who has just published "Barack Obama & the Strategy of Manufactured Crisis" on AmericanThinker.com.

Simpson lays out the positioning of Barack Obama relative to the neo-Marxist plans of Saul Alinsky and Obama's implied relationship to the "Cloward-Piven Strategy" of generating national, financial crises, in order to turn the nation toward ever stricter socialism.

He also connects the dots of what this has to do with the "community organizers" of ACORN and Marxist power players, Frank Marshall Davis, William Ayers, Bernardine Dohrn, etc. Simpson documents his research in his article using Web links and provides a rough flow chart.

At this point, I have not determined whether a recording of the interview will be available. Please do what you can truly do with this information, so McCain-Palin goes to the White House, not the Marxist Messiah.

Link to Simpson's article: http://www.americanthinker.com/2008/09/barack_obama_and_the_strategy.html