You can post what you like, but posting JUST a Bush video is playing into the hands of the”Blame Bush” crowd.
Tell me, where are the Congressional trials of Fannie Mea and Freddie Mac as compared to the Enron/WorldCom/Tyco debacles? Where are the Congressional investigations of Fannie and Fredie? Why are there no Congressional investigations of Barney Frank, Rahm Emanuel, etc.? Why didn’t SOX apply to Freddie and Fannie?
There is ample proof of Barney’s complicity in both Freddie and Fannie:
Frank was and remains a stalwart defender of Fannie Mae, which is now under FBI investigation along with its sister organization Freddie Mac, American International Group Inc. (NYSE:AIG) and Lehman Brothers (NYSE:LEH) – all recently participants in government bailouts. But Frank has derailed efforts to regulate the institution, as well as denying it posed any financial risk. Frank’s office has been unresponsive to efforts by the Business & Media Institute to comment on these potential conflicts of interest.
While the relationship reportedly ended 10 years ago, 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.
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 program”
http://www.businessandmedia.org/printer/2008/20080924145932.aspx
And just for fun let me add this: “Massachusetts Democratic Rep. Barney Frank admitted a lengthy relationship with a male hooker who ran a bisexual prostitution service out of Frank’s apartment.”
http://www.washingtonpost.com/wp-srv/politics/special/clinton/frenzy/frank.htm
I am one of the blame Bush crowd. Besides, the phony “Bush tried to save us” defenses lost two elections. Time to give it up. The future is about what BoB is doing now, defending Bush is political disaster.
Everytime Frank is asked about socialization of banking and auto-industry, Frank replies “That was Bush that did that not us”. same answer with ACORN, he says “Ask Bush why he funded ACORN”
Well those Frank lines are Bush’s gift to democrats, not mine.