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WAKE UP AMERICA
Posted on 09/13/2010 5:10:06 PM PDT by Kaslin
Irresponsibility: After the global financial crisis, no politician would dare chide another for too much "safety and soundness." But in 2004, 76 Democrats actually asked President Bush not to manage Fannie Mae responsibly.
There are smoking guns and then there are smoking bazookas. The June 28, 2004, letter from Rep. Barney Frank, D-Mass., House Speaker Nancy Pelosi, D-Calif., and dozens of other House Democrats to President Bush, posted by Moe Lane on Redstate.com last week, forever squashes Democratic claims about the mortgage crisis not being their fault.
"We urge you to reconsider your administration's criticisms of the housing-related government sponsored enterprises (the 'GSEs') and instead work with Congress to strengthen the mission and oversight of the GSEs," states the missive of nearly a page and a half, signed by a rogues' gallery of 76 House Democrats.
They include not only Frank, current chairman of the House Banking Committee; but Rep. Maxine Waters, D-Calif., now being probed for reportedly laundering TARP money in her husband's bank; and erstwhile House Ways and Means Committee Chairman Charles Rangel, D-N.Y., who is charged with more than a dozen counts of violating House rules and federal laws.
Almost comically, the letter states that the Democrats are unhappy the Bush administration is "emphasizing only safety and soundness," claiming that "an exclusive focus on safety and soundness is likely to come, in practice, at the expense of affordable housing."
(Excerpt) Read more at investors.com ...
Given that Barney Frank was the point “man” on this disaster - of course fannies are showing.
We have video evidence of them trying to block some sort of reform. Now this.
This is just sickening.
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Would that be a picture of The Banking Queen?
I love it when Rush plays that song.
He not only listened, he put THEIR Goldman-Sachs buddies in charge!
Given Jorge Bush”s HUD speech and Mel mismanagement Martinez performance when he was in charge, you could and should say bush was the point man. This is one the koolaide drinking republicans should stop lying about.
save
Just disgusting. Will the crooks on the Hill ever be punished for this thievery and deliberate sabotage??? Dems and Repubs, let it happen. Argh!
KIK! Barney wishes he looked that good in a white suit.
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