Posted on 09/25/2008 4:40:18 PM PDT by Zakeet
After days of intense bipartisan negotiations and meetings today at the White House, the deal to bail out staggered investment banks may be dying amid partisan finger-pointing.
Republicans blame Democrats. Democrats blame Republicans, and a key Democrat even pointed a finger at Republican presidential nominee Sen. John McCain.
House Financial Services Chairman Barney Frank, D-Mass., told Democratic colleagues that McCain's sudden heightened involvement in the negotiations has destroyed chance of an agreement, sources told ABC's George Stephanopoulos.
Frank compared McCain's involvement to "Richard Nixon blowing up the Vietnam peace talks in 1968."
(Excerpt) Read more at abcnews.go.com ...
Thank you for your astute observations. I have a question, other than trying to push a bad deal through Congress, why is there so much pressure to make a deal in record time? There seems to be a huge drop dead deadline for this weekend. Am I missing something? I don’t mean to sound misinformed, but what is suppose to happen if this deal doesn’t go through?
Is Barney a Pitcher or a Catcher?
Make plans tomorrow night, kids...Dick M. says that the debates will be on. Dick also says that McCain pulled this “stunt” due to his poll numbers.
Nixon didn't take office until January 20, 1969, so how could he have blown up the Vietnam peace talks in 1968? Don't tell me Barney lied?
“Very smart fellow- he said all this fancy way of assigning values is part of the problem- go back to basics is what it sounded like...”
Gingrich said on Fox that changing the accounting rules will save half of the bad companies. WTF are we EVEN THINKING about spending 750 for?
Pathetic.
I would answer 'yes' and 'yes' also, but with a caveat. Our state governments are going to need to be put on high alert.
Over 52% of the population receives the majority of their income from the government. A large number of them don't have a clue how to fend for themselves and they won't be happy campers.
A great majority of the rest of the population also don't know how to fend for themselves if the grocery store shelves are empty due to JIT inventory. They will not be happy either.
An unhappy citizen is not fun to watch.
“More like tea bagging. LOL.”
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Ew. I’m going to have nightmares now.
Annie Coulter and Pat Caddell are beating up on Alan...Ann suggests that Barry debate Biden tomorrow night.
Someone somewhere stands to make a huge amount of money on it.
Now go back and do something American and not socialist....
Time to Run ON the BANKS
before the BANKS run over US.
The Banks want a Bailout, lol lolrof
The Banks are not asking for a Bailout, they are asking for ANOTHER ANOTHER ANOTHER BAILOUT
27 BEAR
85 AIG
200 FANNIES
25 FORD GMC CHRYSLER
Take your money before your money is taken.
This is the only language and power D.C. will understand. We withdraw 1 trillion out of the stocks and banks and wallstreet will feel enough pain to mend their ways.
Otherwise we will be rewarding wallstreet crime.
You can put lipstick on a donkey, but it’s still just a jackass
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Outstanding
You are what you eat.. and in Barney Frank case... he a giant A..hole
I believe that you are absolutely correct. Thanks for the response.
So when does the FBI give the corrupt pols the perp walk?
Media Mum on Barney Frank’s Fannie Mae Love Connection,Herb Moses!
Rep. Frank and his companion Herb Moses have been together for over 13 years.
Prominent Democrats ran Fannie Mae, the same government-sponsored enterprise (GSE) that donated campaign cash to top Democrats. And one of Fannie Mae’s main defenders in the House – Rep. Barney Frank, D-Mass., a recipient of more than $40,000 in campaign donations from Fannie since 1989 – was once romantically involved with a Fannie Mae executive.
The July 3, 1998, Reliable Source column in The Washington Post reported Frank, who is openly gay, had a relationship with Herb Moses, an executive for the now-government controlled Fannie Mae. The column revealed the two had split up at the time but also said Frank was referring to Moses as his “spouse.” Another Washington Post report said Frank called Moses his “lover” and that the two were “still friends” after the breakup.
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).
While Moses served at Fannie Mae and was Frank’s partner, Frank was actively working to support GSEs, according to several news outlets.
Moses left Fannie in 1998 to start his own pottery business. National Mortgage News called Moses a “mortgage guru” and said he developed “many of Fannie Mae’s affordable housing and home improvement lending programs. Moses ended his relationship with Frank just months after he left Fannie.
Even after the relationship ended, however, Frank was a staunch defender of Fannie Mae even as other experts suggested there were serious problems building in Fannie Mae and Freddie Mac.
Barney Frank’s Former Boyfriend Herb Moses A Fannie Mae administrator.
******
February 4, 1996
He (Barney Frank) came out anyway, in 1987, in an interview with The Boston Globe. Some months later, he met and fell in love with Herb Moses, now 38, who works for the Federal National Mortgage Association and is a gay activist.
U.S. Rep. Barney Frank and Herb Moses split up recently.
Frank, 58, declined to say why the relationship was over. The split was amicable, though “recently things changed some,” Frank said in the Boston Globe.
Moses, 41, recently moved out of their home and left an executive position at the Federal National Mortgage Association to open a pottery studio. The Globe said he could not be reached for comment.
In 1987 — after allegations that he had had a relationship with Steven Gobie, a male prostitute — Frank acknowledged his homosexuality publicly. The Massachusetts Democrat and Moses appeared inseparable for over a decade, attending White House dinners and other state functions.
Dems pushed this mess forward to coincide with the election. It’s been building for years - but ‘just now’ it’s a crisis?
The overwhelming and articulate opposition to the bailout, from both sides of the spectrum, has led me to conclude that what Americans want is to be told the truth about the economy, and be told what has to be done to start unwinding the structural problems we face.
They have seen the Paulson plan for exactly what it is, an attempt to slap on a quick coat of paint and keep the "pretend" economy - the asset bubble economy - running for a couple more years.
And they will rise to the occasion. I could not call myself a conservative if I thought anything else.
If McCain can make this his mission, and stick to it without compromise, he will not only be elected, he'll be on Mount Rushmore.
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