Barney Frank's Revisionist History

Discussion in 'Economy' started by Toro, May 1, 2010.

  1. Toro
    Offline

    Toro Diamond Member

    Joined:
    Sep 29, 2005
    Messages:
    59,286
    Thanks Received:
    12,401
    Trophy Points:
    2,180
    Location:
    The Big Bend via Riderville
    Ratings:
    +36,746
    • Thank You! Thank You! x 3
  2. Si modo
    Offline

    Si modo Diamond Member

    Joined:
    Sep 9, 2009
    Messages:
    43,241
    Thanks Received:
    6,588
    Trophy Points:
    1,830
    Location:
    Fairfax, Virginia
    Ratings:
    +10,632
    Here is an interesting compilation of the committee discussions:
    [ame=http://www.youtube.com/watch?v=_MGT_cSi7Rs]YouTube - Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis[/ame]

    Frank, Meeks, Waters, Clay, et al said 'no' to more regulations in 2004, when it was still fixable. So did Bubba.
     
  3. manifold
    Offline

    manifold Diamond Member

    Joined:
    Feb 19, 2008
    Messages:
    55,159
    Thanks Received:
    8,147
    Trophy Points:
    2,030
    Location:
    your dreams
    Ratings:
    +32,372
    No FAMILY! :evil:

    That rule is pretty clear cut. And in case you didn't know, Rep. Frank is Dahntay's life partner.

    I'm sure he'll be here soon to defend the love of his life from such fair and legitimate criticism.
     
  4. rdean
    Online

    rdean Guest

    Ratings:
    +0
    You know what this reminds me of? Iraq. Remember, Saddam WMDs slam dunk? Saddam meeting in secret with al Qaeda?

    So go to "Forbes".

    Does Goldman case tarnish Cassandras of the crash? - Forbes.com

    The Media:

    S.E.C. Sues Goldman Over Housing Market Deal - NYTimes.com

    Businessweek:

    Levin's panel sheds light on collapse [Detroit Free Press] - BusinessWeek

    And where is the mention of "Freddie/Fannie", much less "Barney Frank"?

    And it's so funny how you guys twist things or just plain get them wrong.

    Because of the accounting scandal you guys showed in your clips, Freddie/Fannies stopped supplying mortgages. At least when they gave out a mortgage, you had to have a job and show you could repay it.

    Because of Republican deregulation, the mortgage market moved to Wall Street, where they were bundled together and sold overseas as "securities". Those securities were "insured". When they "failed", insurance payments were the cause of "record profits".

    Can you guys speculate how Wall Street made billions from "Freddie/Fannie"? Go on, give me a good laugh. I like laughing at you guys.

    Those "payments" are referred to as "derivatives". That is the entire basis of the collapse.

    I would love to have you guys explain it to me. Make sure you cover all the bases.

    Derivatives
    How derivatives work
    How Wall Street made billions
    Why no one mentioned that Freddie/Fannie sold bundled mortgages overseas as "securities"
    Why Barney Frank isn't mentioned in the news, not even by Fox
    Why no connection has been made between "Freddie/Fannie" and Wall Street

    This should be fascinating. This thread belongs under "conspiracy".

    So go for it. Tell us all about it. Can't wait.

    :popcorn::smoke::popcorn:
     
  5. Oddball
    Offline

    Oddball BANNED Supporting Member

    Joined:
    Jan 3, 2009
    Messages:
    41,428
    Thanks Received:
    8,397
    Trophy Points:
    0
    Location:
    Drinking wine, eating cheese, catching rays
    Ratings:
    +8,415
    If you can't dazzle 'em with brilliance.....:lol:
     
  6. rdean
    Online

    rdean Guest

    Ratings:
    +0
    Deep.
     
  7. manifold
    Offline

    manifold Diamond Member

    Joined:
    Feb 19, 2008
    Messages:
    55,159
    Thanks Received:
    8,147
    Trophy Points:
    2,030
    Location:
    your dreams
    Ratings:
    +32,372
    I'll take his shallow clichés over your deep bullshit anyday.
     
  8. rdean
    Online

    rdean Guest

    Ratings:
    +0
    You mean over the evidence. You have nothing to refute it with. Nothing.
     
  9. RetiredGySgt
    Offline

    RetiredGySgt Diamond Member

    Joined:
    May 6, 2007
    Messages:
    41,188
    Thanks Received:
    6,387
    Trophy Points:
    1,840
    Location:
    North Carolina
    Ratings:
    +11,068
    Ya nothing at all. Well except that Frank and Dodd on 3 different occasions STOPPED cold any attempt to re regulate Fannie and Freddie. Nothing at all except that a month or so before the collapse Barney Frank was on NATIONAL TV INSISTING that the Housing MArket was perfectly sound and safe and the ONLY danger to it was Governmenht attempts to further Regulate it.

    Yup we got nothing.
     
    • Thank You! Thank You! x 1
  10. manifold
    Offline

    manifold Diamond Member

    Joined:
    Feb 19, 2008
    Messages:
    55,159
    Thanks Received:
    8,147
    Trophy Points:
    2,030
    Location:
    your dreams
    Ratings:
    +32,372
    The next time I see you swayed by factual evidence will be the first.

    ^^Truth^^
     

Share This Page