Posted on 03/11/2011 6:51:19 PM PST by ColdOne
House Financial Services Committee Ranking Member Barney Frank (D-Mass.) said Friday that he would reintroduce legislative language next week that would require large financial institutions to pay for federal mortgage assistance programs.
Frank said his bill would allow four federal mortgage programs that Republicans are working to eliminate this month to continue operating without threatening to increase the U.S. budget deficit and debt. He said his bill would be similar to language that he tried unsuccessfully to include in financial reform legislation last year.
"I don't mean to demonize, but I think Goldman Sachs, and Wells Fargo, and the Bank of America, and Citicorp, and Morgan Stanley, and the large hedge funds, I think they can pay for this," he said on the House floor. He was speaking in defense of a $1 billion program approved last year that helps unemployed people make their mortgage payments for up to 12 months.
"They can afford this billion dollars," Frank said of the large banks. "Their bonuses alone would pay for these programs."
(Excerpt) Read more at thehill.com ...
Bawney and his bonuses...
Barney try a head count your a little short on votes.
I do mean to demonize -- Barney, you're a criminal faggot more responsible for the housing market meltdown than any single person.
This moron is one of America’s biggest threats to its existence!
Translation: The bastards did not contribute enough to my campaign.
Someone tell this fat idiot to shove it up his bit fat Obama. (Make sure all the hamsters have been removed.)
I like Barney threatening large banks, for large banks never retaliate.
Hey Barney, do a headcount. You aren’t in the majority anymore.
Some people just like to watch the world burn.
>> All money rightfully belongs to Barney.
Are you serious? I thought it was Michael Moore’s.
Maybe they split it.
Bet Barney blows his half. ;-)
I, Bawny Fwank, will bankrupt this countwy if it’s the last thing I do.
Threatening them with sodomy?
Wats out, bankth. Bawny Fwank ith on your tail.
OPM
Here we go again, the socialist Democrats back when Clintoon was president and when GW was president pressured banks and passed laws to make lenders give mortgage deals to the “poor” (and some of the Democrats too). This was part of the toss money at bad credit risks deals that led to the 2008 crash.
Now Bwanny Frank is singing that same old tune.
How do we get rid of this terrorist? In any other job he would be doing life.
Pray for America
It's not nice to fool Mother Goldman.....
He’s pissed because they won’t finance his Bath House.
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