Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: jazusamo
His degree is in law. I looked on Wikipedia and found nothing in his career that indicates he knows anything about banking.

"In 2003, while the ranking Democrat on the Financial Services Committee, Frank opposed a Bush administration proposal for transferring oversight of Fannie Mae and Freddie Mac from Congress and the Department of Housing and Urban Development to a new agency that would be created within the Treasury Department. The proposal reflected the administration's belief that Congress "neither has the tools, nor the stature" for adequate oversight. Frank stated, "These two entities...are not facing any kind of financial crisis.... The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."[42] He clarified in 2009 that Fannie and Freddie were not in crisis at the time and many financial institutions, like Lehman Brothers, also fell into crisis from 2003 to 2008.[43]"--Wikipedia

45 posted on 03/23/2009 9:08:24 PM PDT by Darkwolf377 (Obama Fatigue sufferer)
[ Post Reply | Private Reply | To 42 | View Replies ]


To: Darkwolf377

Thanks, I have read parts of that in the past. The other thing that I read, and I think it’s for real, his boyfriend or significant other or whatever they called it at the time was a banking official of some kind but I can’t recall how long ago it was.


46 posted on 03/23/2009 9:15:50 PM PDT by jazusamo (But there really is no free lunch, except in the world of political rhetoric,.: Thomas Sowell)
[ Post Reply | Private Reply | To 45 | View Replies ]

To: Darkwolf377

59 posted on 03/24/2009 7:13:36 AM PDT by ding_dong_daddy_from_dumas (I want to "Buy American" but the only things for sale made in the USA are politicians)
[ Post Reply | Private Reply | To 45 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson