Media Mum on Barney Frank's Fannie Mae Love Connection

Business & Media Institute ^ | 9/24/2008 4:00:57 PM | Jeff Poor

[wmfights]

“And I got to tell you, for five years, I was part of an effort at the White House to fight this and our biggest opponents on the Hill who blocked this every step of the way were people like Chris Dodd and Barney Frank. And Fannie and Freddie are the $200 billion contagion at the center of this.”

Who controlled Congress from 2000-2006?

I keep seeing the Rats being blamed, but why didn't the Pubs do something? I'm starting to believe this bail out of wall street was pushed through with Pub support because they are a bunch of pansies who even when they were in the majority were more afraid of the Rats and bad media coverage than doing what they were elected to do.

[AuntB]

There’s plenty of blame to go around.

Bush seeks to increase minority homeownership (FHA with no down payments to bad credit risks!)
By Thomas A. Fogarty, USA TODAY 1/20/2004

http://www.usatoday.com/money/perfi/housing/2004-01-20-fha_x.htm

Can’t give a snip of USA today, but it’s worth the read!

[wmfights]

There’s plenty of blame to go around.

That's my point.

We had the Pres. & Cong. and didn't clean up the mess. They wanted to be the majority for the next 40 yrs. so the idea was to get everybody to like them. Now they have to just go along with the creeping fascism and socialism because if they criticize this mess, or start naming names, the Rats will say "hey you were in the majority why didn't you do anything?"

The Pubs always forget, we are not like the libs. If we have a majority we expect the heavy lifting to be done. I think Gov. Palin "gets it" but does McCain?

[AuntB]

“I think Gov. Palin “gets it” but does McCain?”

Very good question. I wouldn’t venture an answer.

[wmfights]

Thanks for the link.

It just goes to show why the Pubs were in such a rush to put this issue behind them.

[AuntB]

http://www.whitehouse.gov/news/releases/2002/06/20020618-1.html

“The goal is, everybody who wants to own a home has got a shot at doing so. The problem is we have what we call a homeownership gap in America. Three-quarters of Anglos own their homes, and yet less than 50 percent of African Americans and Hispanics own homes. … So I’ve set this goal for the country. We want 5.5 million more homeowners by 2010—million more minority homeowners by 2010. (Applause.) … “

http://www.whitehouse.gov/news/releases/2002/10/20021015-7.html

October 15, 2002 conference, Bush....

“Freddie Mac recently began 25 initiatives around the country to dismantle barriers and create greater opportunities for homeownership. One of the programs is designed to help deserving families who have bad credit histories to qualify for homeownership loans.”

[PLD]

The democrats have made stupid pricks out of the news media more so than they are..when things hot and it will these happy little pea brain no good so called humans will get their day..God will take charge and these idiots will pay..When Obama and his Muslim buddies get into office they will throw these idiots to the curb and focus on the needs of the Muslim blacks in this country..so people get ready.

[narses]

Nice.

[narses]

Indeed.

[narses]

See http://www.youtube.com/watch?v=exxVZTKq1vA

See also http://www.youtube.com/watch?v=1RZVw3no2A4 for a really good 10 minute video about the problem.

Demoncrats - http://www.youtube.com/watch?v=_MGT_cSi7Rs

[x]

Barney Frank also voted against federal "amber alert" legislation because he opposed some of the provisions directed against pornographers and pedophiles.

Sadly, Frank's all but assured reelection this year. He does have an opponent, Earl Henry Sholley, but it would be a major surprise if Frank lost.

Earl doesn't know that he doesn't have to use his middle name. Most experienced politicians have learned that lesson already.

[narses]

Frank is a corrupt MA pol, he owns the voting machines. He will win.

[TomasUSMC]

The following is the biggest bit*h slap to obamba yet!!!

a live radio interview of almost an hour on THE RADIO IN GRAND RAPIDS, ON THE MOST LISTENED TO STATION IN THE CITY, DURING OBAMA’S SPEECH

http://www.wsnx.com/cc-common/podcast.html

[TomasUSMC]

Love connection of obama and Larry

on the radio live

http://www.wsnx.com/cc-common/podcast.html

[RummyChick]

I find this comment fascinating:

Three years later, President Clinton’s Department of Housing and Urban Development tried to impose a new regulation on Fannie, but was thwarted by Frank. Clinton now blames such Democrats for planting the seeds of today’s economic crisis.

"I think the responsibility that the Democrats have may rest more in resisting any efforts by Republicans in the Congress or by me when I was president, to put some standards and tighten up a little on Fannie Mae and Freddie Mac," Clinton said recently.

[narses]

bttt

[antonia]

I sent an email last night to BOR asking why he didn't confront Frank with this during their shouting match. I'm sure it'll be ignored or dismissed as "not relevant."

October 02, 2008
Bill O'Reilly vs Barney Frank
Shouting Match
http://www.youtube.com/watch?v=bijtBkKQwY8

[narses]

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[narses]

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