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Fox News ^ | Sept. 24, 2008 | Fox news

[Sons of Union Vets]

From Fox News Channel

Wednesday, September 24, 2008

Special Report With Brit Hume

[Sons of Union Vets]

What influence did Barney Frank have before 2007?

Here is his bio.

BARNEY FRANK

http://en.wikipedia.org/wiki/Barney_Frank

It is also interesting to note that Barney Frank has reportedly been named as one of 70 U.S. Congressional Democrats who is a member of the Socialist Party of America.

American Socialists Release Names of 70 Congressional Democrats in Their Ranks Posted by Jim Hoft on Friday, August 13, 2010

http://www.thegatewaypundit.com/2010/08/american-socialists-release-names-of-70-congressional-democrats-in-their-caucus/

See also on page 2 of the following......

http://www.scribd.com/doc/35733956/DSA-Members-American-Socialist-Voter-Democratic-Socialists-of-America-10-1-09

Didn't see Bush's name on that list!

[Sons of Union Vets]

...It's how Communists work - lie, lie, lie - knowing most people wont’ know the difference...

Spot on!!! See previous post #81

[FromTheSidelines]

Now now, no fair bringing in facts to a great delusional “conservative” rant! Fantasyland is so much more conducive to some FReepers feeling morally superior.

Facts are always inconvenient things - to liberals. We’ll see if Montana dude will admit that he’s wrong about FY2009...

[FromTheSidelines]

So, you’ve never answered the question, just danced around it:

Who is responsible for FY2009?

You can continue to ignore the question and try to create other straw men to attack, but that’s a pretty liberal thing to do...

[MontaniSemperLiberi]

Your post is obviously wrong. Thanks for the link though. It contained public law 110-329. Let me paste the first sentence of the summary so you can be clear when you apologize to me.

"A House Appropriations committee print presents the final legislative text and explanatory statement. Division A provides continuing appropriations for all agencies and activities that would be covered by the regular fiscal year 2009 appropriations bills, until enactment of the applicable regular appropriations bill or until March 6, 2009, whichever occurs first."

Everyone makes mistakes. Even me. Not this time though.

[MontaniSemperLiberi]

So in your world Barney Frank, even though he had less say than Pelosi does now, is somehow responsible for the Republicans failing to kill Freddie and Fannie. Because he’s a socialist? Okay.

[A.Hun]

You should reread it. It kept the 2008 funding levels for existing programs other than DOD and DHS.

The increases in the FY2009 budget were passed later by the Dems.

The responsibility for the increses in FY2009 belongs to the Dems.

[LomanBill]

>>Who is responsible for FY2009?

 

Asked and answered.

 

"Bush Says Wall Street 'Got Drunk,' Needs to Sober Up"

[trumandogz]

“In a sense they did on a few occasions vis a vis some significant veto overrides.”

As I understand it, overriding a presidential veto falls within constitutional procedures.

Now, can you provide details a George W. Bush vetoing a spending bill or a bill which providing home loan guarantees to people with low incomes?

[MontaniSemperLiberi]

You’re not very good at apologizing.

“It kept the 2008 funding levels for existing programs other than DOD and DHS.”

Again, you absolve Bush for all the increases in spending since 2001. The graph makes it clear. It was the cumulative effect of all the Republicans and Democrats policies up to and including 2009. It wasn’t any one thing and there is no single villain. There are few, if any heroes.

[FromTheSidelines]

LOL - that says nothing about who created and signed Fiscal Year 2009’s budget. But you keep believing it!

[Sons of Union Vets]

Whatever else he may have been, Roland Arnall was a holocaust survivor and co-founder of the Simon Wiesenthal Center, and from 2006 until shortly before his death he was, as you know, the United States Ambassador to the Netherlands.

Arnall was once quoted as saying his support for Bush stemmed from Bush's stance on Israel. In 2004 Arnall was one of the top 10 donors to the Republican Party.

http://en.wikipedia.org/wiki/Roland_Arnall

See also......

http://www.washingtonpost.com/wp-dyn/content/article/2008/03/19/AR2008031903402.html

But apart from Arnall's association with Bush, Arnall's alleged "predatory lending practices" do not appear to have begun on Bush's watch. Moreover, he had his own issues with ACORN....which may have been a contributing factor in the so-called "predatory lending practices" of other lending institutions besides Ameriquest.

AMERIQUEST

Predatory Lending Allegation

......In 1996, the company agreed to pay $3 million into an "educational fund" to settle a Justice Department lawsuit accusing it of gouging and predatory lending practices against older, female, and minority borrowers. Prosecutors accused it of allowing mortgage brokers and its employees to charge these customers an additional fee of as much as 12% of the loan amount. As part of the settlement, Ameriquest (then still known as Long Beach Mortgage) agreed to use the educational fund to train its employees in proper mortgage techniques (training which most observers agree never actually occurred to any substantial degree), and to refrain from utilizing predatory lending techniques (such as "bicycling"), but only within the State of California. Shortly after entering into this settlement agreement, the company "switched" names with its subsidiary and began aggressively seeking refinance-mortgage business throughout the United States. In 2001, after being investigated by the Federal Trade Commission, the company settled a dispute with ACORN, a national organization of community groups, promising to offer $360 million in low-cost loans. In February 2005, reporters Michael Hudson (reporter) and Scott Reckard broke a story in the Los Angeles Times about “boiler room” sales tactics at Ameriquest. Their investigation found evidence that the lender had in various questionable practices, including “deceiving borrowers about the terms of their loans, forging documents, falsifying appraisals and fabricating borrowers' income to qualify them for loans they couldn't afford.” On 1 August 2005, Ameriquest announced that it would set aside $325 million to settle attorney-general investigations in 30 states to settle allegations that it had preyed on borrowers with hidden fees and balloon payments. In at least five of those states—California, Connecticut, Georgia, Massachusetts, and Florida—Ameriquest had already settled multimillion-dollar suits. Brian Montgomery, the Federal Housing Administration commissioner said that the Ameriquest settlement reinforced his concern that the industry was exploiting borrowers, and that he "was shocked to find those customers had been lured away by the “fool’s gold” of subprime loans". In May 2006, Ameriquest Mortgage announced it was closing all of its retail offices and in the future would make its loans through mortgage brokers, a channel that is not covered by the predatory-lending settlement with the Attorneys General. On June 13, 2007, lawyers for borrowers, who are seeking to combine 20 suits into one class-action suit, asserted in a filing in Illinois Northern District Court that "Assets of the Ameriquest entities were transferred to (the owner of Ameriquest) Arnall with the actual intent to hinder, delay, or defraud the plaintiffs in this action." The issues confronted by companies like Ameriquest could be a major contributing factor to the rapid rise of Certified Mortgage Planners, certified industry experts that work in concert with Certified Financial Planners in harmonizing the home-finance products utilized by consumers with their larger financial portfolios. Former employees from Ameriquest, which was United States's leading wholesale lender, described a system in which they were pushed to falsify documents on bad mortgages and then sell them to Wall Street banks eager to make fast profits. There is growing evidence that such mortgage fraud may be at the heart of the Financial crisis of 2007–2010.[1]

http://en.wikipedia.org/wiki/Ameriquest_Mortgage

ACORN Pressures Crack Ameriquest July 27, 2000

http://realtytimes.com/rtpages/20000727_safeguards.htm

From what we now know about ACORN, I wouldn't be surprised to learn that those lenders defined as "predators" by groups like ACORN were more the victims of ACORN looters than the looters were victims of the lenders who were sometimes almost forced to lend money to unqualified borrowers.

[A.Hun]

I would apologize if I was wrong. Why the determination to blame Bush for something he was not responsible for?

BTW, Bush kept the increases for discretionary spending (not including defense) at about the same rate as inflation for his whole term. Deficits topped out at about 2.5% of GDP, total debt remained at about 60% of GDP....within historical norms since WWII. Better than Reagans budget numbers...

Entitlements were the big drivers of the budget increases, and Bush couldn’t do anything about them. He tried with SS, and was ignored.

You should quit making excuses for Barney Frank, Obama, and the rest of the Dems.

[MontaniSemperLiberi]

“You should quit making excuses for Barney Frank, Obama, and the rest of the Dems.”

If you were standing in front of me you would regret that.

[LomanBill]

>>So in your world Barney Frank

 

So Barney Fife's complicity ( along with that of his interior-decorating house-flipping homosexual-agenda-promoting demoralized base ) in manufacturing this debacle needs to be covered again, does it?

 

Understand this:

Whereas W's notion of the "Ownership Society" was rooted in a compassionate conservatism that got gamed -- Barney and his Eunuchs-Are-Us Inc. cohorts are perverted wolves and practiced masters of the deliberate gaming and shearing process, as their ilk have ALWAYS been. 

 

==================================================================

During the 2007 House Financial Services Full Committee Hearing on "Recent Events in the Credit and Mortgage Markets and Possible Implications for U.S. Consumers and the Global Economy",  Chairman Barney Frank left the hearing in order to attend a meeting in support of legislation that would force American employers to hire homosexuals.   That says a lot about Barney's priorities.

 

Barney "Fife" Frank.

Financial Services Watchdog

 

This watchdog only has one tooth.

Barney's boyfriend makes him keep it in his pocket

[A.Hun]

I doubt it.

[MontaniSemperLiberi]

I turns out we live in the same city. Maybe we’ll have to get together some time. Talk over old times. That kind of thing.

[Fee]

In 2004 the FBI investigating money laundering were coming across documents about liar loans and its widespread practice by mortgage companies, actually briefed Treasury and SEC about them. The FBI were able to deduce that there were potential financial time bombs as these notes were sold to investors. Since the FBI are not the ones to handle the issue they turned it over to Treasury. Lower level Treasury, SEC and even the Fed Reserve officials were aware and for some unknown reason did not react or take action.

[Pearls Before Swine]

Lower level Treasury, SEC and even the Fed Reserve officials were aware and for some unknown reason did ... not take action.

Boom times are seductive. It's easy to entertain the notion that the boom will end, but it's hard to take the hit from ending it immediately, because it could feel good for some time.

But, you'd hope your government would know better.

[A.Hun]

I’ll decline. I don’t associate with Obama supporters.

Of course you’re welcome to stop by the house anytime, I’ve got a couple of things I could show to you.