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Barney Frank - Don't Blame me for the Housing Bubble !!
Yahoo Finance ^
| Jul 20, 2009
| Yahoo Finance
Posted on 07/20/2009 12:18:45 PM PDT by JosephSmithNAW
Whos to blame for the subprime housing bubble? A popular answer especially on the right side of the aisle - is Massachusetts Democrat, Barney Frank.
Why?
The argument, best summed up in an Investor's Business Daily editorial published in March 2009, goes like this: "Starting in the early 1990s," Rep. Barney Frank "(and other Democrats) stood athwart efforts by regulators, Congress and the White House to get the runaway housing market under control." It goes on to say in, "2002, Frank nixed reforms" of Fannie Mae and Freddie Mac and that in 2003, "led by Frank, Democrats stood as a bloc against any changes" that President Bush proposed making to Fannie and Freddie.
__________________________________________
LIAR
Barney Frank in 2005: What Housing Bubble?
http://www.youtube.com/watch?v=iW5qKYfqALE
Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis
http://www.youtube.com/watch?v=_MGT_cSi7Rs
(Excerpt) Read more at finance.yahoo.com ...
TOPICS: Breaking News; Business/Economy; Government; Politics/Elections
KEYWORDS: america2point0; barneyfwank; bwame; bwubble; cultureofcorruption; democratscandals; fweddie; housingbubble; houthing; lyingliar; pravdamedia; revisionisthistory; stalinisttactics
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To: JosephSmithNAW
21
posted on
07/20/2009 1:17:56 PM PDT
by
Jeff Head
(Freedom is not free...never has been, never will be. (www.dragonsfuryseries.com))
To: JoeSixPack
What neighborhood are you in? ;>)
22
posted on
07/20/2009 1:20:07 PM PDT
by
Rennes Templar
(Jim Thompson for POTUS)
To: JosephSmithNAW
It’s gonna be hard to run as an incumbent in 2010. Barney must be feeling the heat.
23
posted on
07/20/2009 1:21:25 PM PDT
by
Rockitz
(This isn't rocket science- follow the money and you'll find truth.)
To: colorado tanker
“Subprime” lending was never the culprit until the government got into the game.
24
posted on
07/20/2009 1:24:44 PM PDT
by
GVnana
(Sarah for America)
Comment #25 Removed by Moderator
To: Jeff Head
Barney Frank is very much culpable for the housing and lending mess. In any other world he would be charged with fraud.
26
posted on
07/20/2009 1:46:45 PM PDT
by
KC_Conspirator
(Still waiting for journalists ask Obama how he'll "heal" a deeply divided nation- FreeperOldDeckHand)
To: colorado tanker
Fannie Mae is responsible pushing 100% loans on the public.
27
posted on
07/20/2009 2:00:58 PM PDT
by
Vision
(Obama is a jive turkey)
To: JosephSmithNAW
28
posted on
07/20/2009 2:09:30 PM PDT
by
doug from upland
(10 million views of .HILLARY! UNCENSORED - put some ice on it, witch)
To: D. Brian Carter
29
posted on
07/20/2009 2:09:34 PM PDT
by
Jeff Head
(Freedom is not free...never has been, never will be. (www.dragonsfuryseries.com))
To: KC_Conspirator
Barney, Dodd, the DNC, and Obama himself along with ACORN and many others. This thing is not an accident...it was manufactured, and they are traitorous, treasonous scum. They should all be in prison.
30
posted on
07/20/2009 2:11:49 PM PDT
by
Jeff Head
(Freedom is not free...never has been, never will be. (www.dragonsfuryseries.com))
To: JosephSmithNAW
31
posted on
07/20/2009 2:12:12 PM PDT
by
Danae
(I AM JIM THOMPSON - Conservative does not equal Republican. Conservative does not compromise.)
To: colorado tanker
It appears there are a number of people who take an all or none position on the sub-prime question. But any amount of bad debt contributed by the sub-prime helped sink the ship. Therefore the question is: how bad would the crisis have been without the sub-prime debt which some people (Edward Pinto) say totals in the trillions? I’m not an expert, so I don’t have all the answers. But I find it difficult to believe that bad sub-prime loans which many banks were forced to agree to didn’t have a very big and bad part in the disaster.
32
posted on
07/20/2009 2:13:28 PM PDT
by
driftless2
(for long term happiness, learn how to play the accordion)
To: Jeff Head
33
posted on
07/20/2009 2:14:17 PM PDT
by
Danae
(I AM JIM THOMPSON - Conservative does not equal Republican. Conservative does not compromise.)
To: Jeff Head
Don’t cry for me, Argentina.
Such a drama queen.
To: JosephSmithNAW
Bawney Fwank.... always caring about the confidence voters have placed in him to make the right decision....
To: sfvgto
Its not 100 per cent fudgepacker Barney Franks fault but its close Yup, the packer has more than his share of blame for the fiasco.
But, not to worry Bwaney, the sheep don't know the facts, the squishy middle is tto stoopid to figger it out and the rest don't care.
You're safe.
36
posted on
07/20/2009 2:23:46 PM PDT
by
evad
(Spending money that we don't have on something that won't work for a problem that doesn't exist)
To: colorado tanker
it was lending against insufficient equity or down payment. I suspect a distinction without a difference. If you lend money to folks who, statistically, are unlikely to pay it back, you'll likely get stiffed. And... that caught Barney's attention!
37
posted on
07/20/2009 2:25:34 PM PDT
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: evad
They know that...two generations of public education and leftist control of the media has prepared the electorate for the marxist takeover that nearing it’s final stages.
38
posted on
07/20/2009 2:26:04 PM PDT
by
gorush
(History repeats itself because human nature is static)
To: JosephSmithNAW
Liberals are like the French. They will NEVER admit personal fault. It is always... circumstances, someone Else’s fault, a mere coincidence, etc. But, admit fault and take personal responsibility? NEVER!
39
posted on
07/20/2009 2:28:12 PM PDT
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: April Lexington
Oh, you are a bad, bad girl. :-))
40
posted on
07/20/2009 2:32:32 PM PDT
by
colorado tanker
("Lastly, I'd like to apologize for America's disproportionate response to Pearl Harbor . . . ")
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