Conservative Harvard student challenges Barney Frank on the financial crisis

[PoliticalChic]

Based on that transcript Barney dismantled that kid's obviously disengenuous rhetorical question.

First, if you saw the interview on 'Greta,' this student described a journey on which you should have embarked by now: he began as a very left-wing radical in his undergraduate years, such that he though that Bill Clinton was too right-wing.

As a result of many meeting in Dem circles where attacks on the right substituted for answers to questions, he moved from the darkside and became a Republican.

As to the bigger question, the student's point, that the crisis should be laid at the steps of CRA, GSE's, Clinton, Dodd, Frank, has been documented by Baltimore Business Journal, IBD, The Hill, USNews, BostonGlobe, American Spectator, WSJ, among others.

On the other side we have apologists for the Democrats, self-styled experts, and you.

Apologising for the Dems?

Not hardly.

Merely commenting that the kid got his ass handed to him by a man with superior intelligence.

As usual, wrong on every point.

Only a yellow-dog Democrat, such as your self, would feel that this grad student was beaten in some way in requesting a response to a constituents query.

The great Ronaldus Maximus said "We are a country with a government, not a government with a country."

Since you seem to have missed this, let me repeat: "the student's point, that the crisis should be laid at the steps of CRA, GSE's, Clinton, Dodd, Frank, has been documented by Baltimore Business Journal, IBD, The Hill, USNews, BostonGlobe, American Spectator, WSJ, among others."

 

[PoliticalChic]

Again, the kid's question about his responsibilty for the crises and then pointing out the bailout bill as the example of Franks supposed malfeasance shows a fundamental lack of understanding between the difference of cause and cure.

What is so impressive about him?

Most impressive is that he is, unlike you, willing to "pin the tail on the Donkey."

You Dem apologists love using terms like 'fundemental," as though there is some profound thinking going on.

When Democrat responsibility for the crisis was first brought up, there was squealing and screaming. Now that more and more sources are nailing you, the fall back position is "both parties..." or "how dare this ignorant 'kid' attack our high priest"...

Reminder: the 'kid' is backed up by the WSJ, Baltimore Biz Journal, Boston Globe, American Spectator, etc.

How ya like them apples?

 

[GHook93]

Typical Barney "Da Fag" Frank! Great politician, great arguer, but he is also a great socialist, who knows dick about sound fisical policy, dick about business and refuses to take responsibility for his role in the mortgage mess (for starters his protection to the bitter end of Fannie Mae and Freddie Mac). Glad to see a Jew that isn't blindly liberal, standing up to another one that blindly is!

And Congressman Frank, why when you are cornered is it always some grand right-wing conspiracy against you?

 

[Iriemon]

Harvard student takes on Rep. Frank

If the video doesn't load on that page you can see it at the link below as well.

Townhall.com Blog : Greg Hengler : Conservative Harvard Student Battles Barney Frank Over His Role In Financial Crisis

Is there a text version as oppose to the Fox News clip? I hate watching videos.

Edit: OK I watched it. The kid was an idiot and I wonder how he got into Harvard. He asks Frank what reponsibility he had for the financial crises, and when Frank says what do you claim I should have done, the kids starts talking about the bailout. One has nothing to do with the other. The bailout was the response, not the cause of the financial crises.

Frank sounded knowledgeable, informed and logical, IMO.

I assume you do not realise that Barney Frank ignored every single warning regarding reining in Fannie/Freddie--& fought tooth & nail to oppose any new restrictions.

And to this day--even though he has been nailed to the wall on this--has yet to admit any responsiblity for ground zero of this economic collapse.

OK, I'll ask you. What exactly was Frank supposed to do before Jan 2007 when the Republicans controlled the House of Representatives, the Senate, and the WH?

I mean, other than joining up with Republican Mike Oxley to sponsor a bi-partisan bill to regulate Fanny and Freddie which according to Republican Oxley, the WH gave them the "one fingered salute" for?

The critics have forgotten that the House passed a GSE reform bill in 2005 that could well have prevented the current crisis, says Mr Oxley, now vice-chairman of Nasdaq.

He fumes about the criticism of his House colleagues. “All the handwringing and bedwetting is going on without remembering how the House stepped up on this,” he says. “What did we get from the White House? We got a one-finger salute.”

The House bill, the 2005 Federal Housing Finance Reform Act, would have created a stronger regulator with new powers to increase capital at Fannie and Freddie, to limit their portfolios and to deal with the possibility of receivership.

Mr Oxley reached out to Barney Frank, then the ranking Democrat on the committee and now its chairman, to secure support on the other side of the aisle. But after winning bipartisan support in the House, where the bill passed by 331 to 90 votes, the legislation lacked a champion in the Senate and faced hostility from the Bush administration. Adamant that the only solution to the problems posed by Fannie and Freddie was their privatisation, the White House attacked the bill. Mr Greenspan also weighed in, saying that the House legislation was worse than no bill at all.

FT.com / UK - Oxley hits back at ideologues

As far as sounding intelligent? Man who speaks like he has a mouth full of wad--has never impressed me.

Personally, I try to judge a person's intelligence by what he says, and not on whether he might have a speaking impediment.

In fact, in may sound strange, but I'm actually more impressed by someone who has an obvious speaking impediment could still rise above it to become an elected representative in the US House.

 

[Iriemon]

Again, the kid's question about his responsibilty for the crises and then pointing out the bailout bill as the example of Franks supposed malfeasance shows a fundamental lack of understanding between the difference of cause and cure.

What is so impressive about him?

Most impressive is that he is, unlike you, willing to "pin the tail on the Donkey."

You Dem apologists love using terms like 'fundemental," as though there is some profound thinking going on.

When Democrat responsibility for the crisis was first brought up, there was squealing and screaming. Now that more and more sources are nailing you, the fall back position is "both parties..." or "how dare this ignorant 'kid' attack our high priest"...

Reminder: the 'kid' is backed up by the WSJ, Baltimore Biz Journal, Boston Globe, American Spectator, etc.

How ya like them apples?

See question asked in prior post. What exactly was Frank supposed to have done prior to Jan 2007 when the Republicans controlled the House, the Senate, and the executive, other than co-sponsor a bipartisan bill with the Republicans that the WH shot down?

 

[GHook93]

CAMBRIDGE, Mass. (myfoxboston) - It all started with a question: "How much responsibility, if any, do you have for the financial crisis?"

Rep. Barney Frank (D-Mass) and a conservative Harvard law student debated over how Frank should have handled his role as the House Chairman of the Financial Services Committee. Frank was at Harvard University for a speech at the Kennedy School of Government.

Harvard student takes on Rep. Frank

If the video doesn't load on that page you can see it at the link below as well.

Townhall.com Blog : Greg Hengler : Conservative Harvard Student Battles Barney Frank Over His Role In Financial Crisis

Is there a text version as oppose to the Fox News clip? I hate watching videos.

Edit: OK I watched it. The kid was an idiot and I wonder how he got into Harvard. He asks Frank what reponsibility he had for the financial crises, and when Frank says what do you claim I should have done, the kids starts talking about the bailout. One has nothing to do with the other. The bailout was the response, not the cause of the financial crises.

Frank sounded knowledgeable, informed and logical, IMO.

Your right the kid took the wrong approach! He should have started with Da Fag's corrupt support to the bitter end of Fannie Mae and Freddie Mac, his pushing through of the legislations that FORCED banks to lend to lower income, aka minoritie, borrowers (which the student did start on, but stopped), high stauch denial of even considering lowering the corporate tax (the 2nd largest corporate tax directly contributes to manufacturing and other jobs going over seas), his previous history of supporting AIG, his blind support of all social programs esp welfare and lastly his staunch support of socialism is a big killer also!

 

[GHook93]

The kid got his lunch ate.


Frank is not to blame , its been the republican party who sought for decades the deregulation of all markets.

They got a few dems to help them and Clinton is one of them. This is what happens when dems help Rs with their agenda. They demonize them wether they work with them or not. When dems work with them they end up harming the US.

No doubt Bush, Greenspan and the Republican congress for 6 yrs have their share of the fault (I would say the main culprits), but so does Da Fag and the liberals that force the lending to lower economy individuals down their throats!

 

[GHook93]

Just want to point out one think humorous about this. The student's last name is Pollak, which is very close to Pollock! The lefties are going to have a field day with this!

 

[WillowTree]

[ame=http://www.youtube.com/watch?v=yrfPMa3lONU]YouTube - Classic Bill O'Reilly - Loses it on Barney Frank[/ame]





All it takes is someone who can out shout a DUmmie!

 

[Iriemon]

Harvard student takes on Rep. Frank

If the video doesn't load on that page you can see it at the link below as well.

Townhall.com Blog : Greg Hengler : Conservative Harvard Student Battles Barney Frank Over His Role In Financial Crisis

Is there a text version as oppose to the Fox News clip? I hate watching videos.

Edit: OK I watched it. The kid was an idiot and I wonder how he got into Harvard. He asks Frank what reponsibility he had for the financial crises, and when Frank says what do you claim I should have done, the kids starts talking about the bailout. One has nothing to do with the other. The bailout was the response, not the cause of the financial crises.

Frank sounded knowledgeable, informed and logical, IMO.

Your right the kid took the wrong approach! He should have started with Da Fag's corrupt support to the bitter end of Fannie Mae and Freddie Mac, his pushing through of the legislations that FORCED banks to lend to lower income, aka minoritie, borrowers (which the student did start on, but stopped), high stauch denial of even considering lowering the corporate tax (the 2nd largest corporate tax directly contributes to manufacturing and other jobs going over seas), his previous history of supporting AIG, his blind support of all social programs esp welfare and lastly his staunch support of socialism is a big killer also!

See question asked in prior post. What exactly was Frank supposed to have done prior to Jan 2007 when the Republicans controlled the House, the Senate, and the executive, other than co-sponsor a bipartisan bill with the Republicans that the WH shot down?

 

[editec]

First, if you saw the interview on 'Greta,' this student described a journey on which you should have embarked by now: he began as a very left-wing radical in his undergraduate years, such that he though that Bill Clinton was too right-wing.

As a result of many meeting in Dem circles where attacks on the right substituted for answers to questions, he moved from the darkside and became a Republican.

As to the bigger question, the student's point, that the crisis should be laid at the steps of CRA, GSE's, Clinton, Dodd, Frank, has been documented by Baltimore Business Journal, IBD, The Hill, USNews, BostonGlobe, American Spectator, WSJ, among others.

On the other side we have apologists for the Democrats, self-styled experts, and you.

Apologising for the Dems?

Not hardly.

Merely commenting that the kid got his ass handed to him by a man with superior intelligence.

As usual, wrong on every point.

Only a yellow-dog Democrat, such as your self, would feel that this grad student was beaten in some way in requesting a response to a constituents query.

The great Ronaldus Maximus said "We are a country with a government, not a government with a country."

Since you seem to have missed this, let me repeat: "the student's point, that the crisis should be laid at the steps of CRA, GSE's, Clinton, Dodd, Frank, has been documented by Baltimore Business Journal, IBD, The Hill, USNews, BostonGlobe, American Spectator, WSJ, among others."

Oh please... do grow up.

The kid attempted to editorialize behind a rhetorical question.

Now that's s sophomoric debating technique which Barny Frank saw though, and took advantage of to make the kid look like the idiot he was.

It doesn't matter what I think of the argument itself.

Anyone with a clue can see that the kid got hammered by a superior intellect.

He set a stupid trap and Barney handed the kid his ass.

 

[MaggieMae]

CAMBRIDGE, Mass. (myfoxboston) - It all started with a question: "How much responsibility, if any, do you have for the financial crisis?"

Rep. Barney Frank (D-Mass) and a conservative Harvard law student debated over how Frank should have handled his role as the House Chairman of the Financial Services Committee. Frank was at Harvard University for a speech at the Kennedy School of Government.

Harvard student takes on Rep. Frank

If the video doesn't load on that page you can see it at the link below as well.

Townhall.com Blog : Greg Hengler : Conservative Harvard Student Battles Barney Frank Over His Role In Financial Crisis

Is there a text version as oppose to the Fox News clip? I hate watching videos.

Edit: OK I watched it. The kid was an idiot and I wonder how he got into Harvard. He asks Frank what reponsibility he had for the financial crises, and when Frank says what do you claim I should have done, the kids starts talking about the bailout. One has nothing to do with the other. The bailout was the response, not the cause of the financial crises.

Frank sounded knowledgeable, informed and logical, IMO.

I disagree. It's time Barney took his licks (no pun intended) on being at least part of the financial crisis. While Fannie & Freddie can't be blamed for all of it, they too went unregulated with the blessings of Frank and Dodd.

I think that kid showed bravery by not flinching under what must have been enormous pressure. It was a good question.

 

[PoliticalChic]

Again, the kid's question about his responsibilty for the crises and then pointing out the bailout bill as the example of Franks supposed malfeasance shows a fundamental lack of understanding between the difference of cause and cure.

What is so impressive about him?

Most impressive is that he is, unlike you, willing to "pin the tail on the Donkey."

You Dem apologists love using terms like 'fundemental," as though there is some profound thinking going on.

When Democrat responsibility for the crisis was first brought up, there was squealing and screaming. Now that more and more sources are nailing you, the fall back position is "both parties..." or "how dare this ignorant 'kid' attack our high priest"...

Reminder: the 'kid' is backed up by the WSJ, Baltimore Biz Journal, Boston Globe, American Spectator, etc.

How ya like them apples?

See question asked in prior post. What exactly was Frank supposed to have done prior to Jan 2007 when the Republicans controlled the House, the Senate, and the executive, other than co-sponsor a bipartisan bill with the Republicans that the WH shot down?

Consider the Investors Business Daily editorial, which includes NYTimes reference:
"President Bush pushed for what the New York Times then called "the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago."… led by Frank, Democrats stood as a bloc against any changes."
IBDeditorials.com: Editorials, Political Cartoons, and Polls from Investor's Business Daily -- Let The Inquisition Start With Frank

"Barney Frank (D-MA) Blocked Multiple Attempts At Reforming Fannie Mae And Freddie Mac Spanning Back To 1992…"
Truth On Target: Obama's Financial Friends: Schumer, Dodd and Barney Frank

Enough?

 

[MaggieMae]

I prefer the kick in Barney's nutz delivered by Bill Oreilly.

Except that O'Reilly has about as much credibility on the national stage as any other fanatic from the right. If you're a rightie, you love him. If you're a leftie, you laugh at him.

 

[MaggieMae]

Harvard student takes on Rep. Frank

If the video doesn't load on that page you can see it at the link below as well.

Townhall.com Blog : Greg Hengler : Conservative Harvard Student Battles Barney Frank Over His Role In Financial Crisis

Is there a text version as oppose to the Fox News clip? I hate watching videos.

Edit: OK I watched it. The kid was an idiot and I wonder how he got into Harvard. He asks Frank what reponsibility he had for the financial crises, and when Frank says what do you claim I should have done, the kids starts talking about the bailout. One has nothing to do with the other. The bailout was the response, not the cause of the financial crises.

Frank sounded knowledgeable, informed and logical, IMO.

I assume you do not realise that Barney Frank ignored every single warning regarding reining in Fannie/Freddie--& fought tooth & nail to oppose any new restrictions.

And to this day--even though he has been nailed to the wall on this--has yet to admit any responsiblity for ground zero of this economic collapse.

As far as sounding intelligent? Man who speaks like he has a mouth full of wad--has never impressed me.

He IS intelligent and knows his stuff, which is why he shouldn't have gone off track. Frank's presentation sucks, however. He looks and talks like a thug.

 

[manu1959]

CAMBRIDGE, Mass. (myfoxboston) - It all started with a question: "How much responsibility, if any, do you have for the financial crisis?"

Rep. Barney Frank (D-Mass) and a conservative Harvard law student debated over how Frank should have handled his role as the House Chairman of the Financial Services Committee. Frank was at Harvard University for a speech at the Kennedy School of Government.

Harvard student takes on Rep. Frank

If the video doesn't load on that page you can see it at the link below as well.

Townhall.com Blog : Greg Hengler : Conservative Harvard Student Battles Barney Frank Over His Role In Financial Crisis

Is there a text version as oppose to the Fox News clip? I hate watching videos.

Edit: OK I watched it. The kid was an idiot and I wonder how he got into Harvard. He asks Frank what reponsibility he had for the financial crises, and when Frank says what do you claim I should have done, the kids starts talking about the bailout. One has nothing to do with the other. The bailout was the response, not the cause of the financial crises.

Frank sounded knowledgeable, informed and logical, IMO.

did you see where frank ever accepted any responsibility or absolve himself of any responsibility....seems he avoid that buy attacking the kid for making accusations

 

[MaggieMae]

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If you can't understand Barney Frank, here is the transcript of the interplay between Joel Pollack (Harvard Law student) and Frank:

JOEL POLLAK, HARVARD LAW STUDENT: My name is Joel Pollak, and I'm a student at the law school. In your account of how the subprime mortgage crisis came about, you mentioned the Reagan administration, the Bush administration, the Republicans in Congress, conservatives. But it happened on your watch. And I would just like to ask you...

REP. BARNEY FRANK (D-MA), FINANCIAL SERVICES COMMITTEE CHAIRMAN: When was my watch, sir?

POLLAK: When you became the chairman of the...

FRANK: Which was when?

POLLAK: It was in 2007. I'm still waiting -- I'm still waiting for a very simply answer to a question...

FRANK: And I'm waiting for you to tell me what you think I should have done. I didn't say (INAUDIBLE)

POLLAK: No, you're a public representative. I'm a student. I'm asking you...

FRANK: Oh, which allows you to say things that you don't back up?

POLLAK: I'm asking...

(LAUGHTER)

POLLAK: It does -- it does allow me to ask you a question. I'm waiting for you to explain...

FRANK: OK, I'll give you an answer.

POLLAK: ... how much, if any, responsibility do you think you (INAUDIBLE)


FRANK: Well, I will take this. First of all, you are a student. Students are entitled to full constitutional freedom of speech under the 1st Amendment. You've made an accusation that is wholly inaccurate.

POLLAK: I didn't accuse you of anything. I'm asking how much responsibility...

FRANK: Sure.

POLLAK: ... if any -- you can say none. That's fine.

FRANK: I think you're being disingenuous.

I became chairman on January -- and this is the right-wing attack on liberals to try and stop regulation that you are repeating. On January 31st, I became the chairman. On March 28th, the committee passed a very tough Fannie/Freddie bill, which the Bush administration liked. Later that year in November, we passed a bill to restrict subprime lending. Because we did the subprime lending restrictions, Ben Bernanke, the chairman of the Federal Reserve, did what Alan Greenspan refused to do and said, OK, I'll do that.

So I do want to ask you, when you suggest that I should apologize for something or take responsibility, what is it you think I should have done that I didn't do?

POLLAK: Well, after spending the entire speech blaming conservatives -- I happen to think of myself as of as a conservative, and I rent and I think of myself as someone who cares about poor people -- I'm just interested in whether you think you have any responsibility...

FRANK: Well, I've answered the question. Sir, I think you're not being fully honest with us. You clearly are implying that I do. And I'm asking you -- I have given you my record...

This Joel Pollak is impressive. I had the opportunity to see his interview with Greta Van Susteran and he admits he used to be a left-wiing Democrat in his undergrad days, but had since changed sides. He says that a Conservative will answer questions, while a Liberal will never give you a straight answer. Pollak kept his composure with an audience that was hostile to his stance.

Read full interview below:

FOXNews.com - Exclusive: Frank Talk from Barney's Foe - Greta Van Susteren | On The Record With Greta

Hmmm, not so sure about "conservatives always answer questions" part. Generally, conservatives are masters of spin. They talk a good game, but facts get in the way.

 

[PoliticalChic]

Apologising for the Dems?

Not hardly.

Merely commenting that the kid got his ass handed to him by a man with superior intelligence.

As usual, wrong on every point.

Only a yellow-dog Democrat, such as your self, would feel that this grad student was beaten in some way in requesting a response to a constituents query.

The great Ronaldus Maximus said "We are a country with a government, not a government with a country."

Since you seem to have missed this, let me repeat: "the student's point, that the crisis should be laid at the steps of CRA, GSE's, Clinton, Dodd, Frank, has been documented by Baltimore Business Journal, IBD, The Hill, USNews, BostonGlobe, American Spectator, WSJ, among others."

Oh please... do grow up.

The kid attempted to editorialize behind a rhetorical question.

Now that's s sophomoric debating technique which Barny Frank saw though, and took advantage of to make the kid look like the idiot he was.

It doesn't matter what I think of the argument itself.

Anyone with a clue can see that the kid got hammered by a superior intellect.

He set a stupid trap and Barney handed the kid his ass.

Rep. Frank tries to intimidate the student, interrupts him repeatedly, and you refer to the student as using a " sophomoric debating technique "???? Bogus.

Only, and I am sorry to repeat the term, but it is so appropriate, 'yellow dog Democrat' would call asking a legitimate question of an elected official "set[ting] a trap."

And how telling it is that you seem to overlook the media sources that back the students' points.

Busted.

 

[MaggieMae]

Based on that transcript Barney dismantled that kid's obviously disengenuous rhetorical question.

First, if you saw the interview on 'Greta,' this student described a journey on which you should have embarked by now: he began as a very left-wing radical in his undergraduate years, such that he though that Bill Clinton was too right-wing.

As a result of many meeting in Dem circles where attacks on the right substituted for answers to questions, he moved from the darkside and became a Republican.

As to the bigger question, the student's point, that the crisis should be laid at the steps of CRA, GSE's, Clinton, Dodd, Frank, has been documented by Baltimore Business Journal, IBD, The Hill, USNews, BostonGlobe, American Spectator, WSJ, among others.

On the other side we have apologists for the Democrats, self-styled experts, and you.

The "crisis" can be laid at the feet of the regulators, period, who were on vacation apparently. You can cite as many OPINIONS as you wish, but thems the facts, admitted to by Alan Greenspan (and Christopher Cox, Chairman of the SEC, who also admitted to his own failure to monitor these new "securities" that were being traded).

Greenspan Concedes Error on Regulation - NYTimes.com

 

[manu1959]

Based on that transcript Barney dismantled that kid's obviously disengenuous rhetorical question.

First, if you saw the interview on 'Greta,' this student described a journey on which you should have embarked by now: he began as a very left-wing radical in his undergraduate years, such that he though that Bill Clinton was too right-wing.

As a result of many meeting in Dem circles where attacks on the right substituted for answers to questions, he moved from the darkside and became a Republican.

As to the bigger question, the student's point, that the crisis should be laid at the steps of CRA, GSE's, Clinton, Dodd, Frank, has been documented by Baltimore Business Journal, IBD, The Hill, USNews, BostonGlobe, American Spectator, WSJ, among others.

On the other side we have apologists for the Democrats, self-styled experts, and you.

The "crisis" can be laid at the feet of the regulators, period, who were on vacation apparently. You can cite as many OPINIONS as you wish, but thems the facts, admitted to by Alan Greenspan (and Christopher Cox, Chairman of the SEC, who also admitted to his own failure to monitor these new "securities" that were being traded).

Greenspan Concedes Error on Regulation - NYTimes.com

and memebers of congress those that pass the lawas the create the regulations and create special committes to review things.....maybe if they had spent time monitoring the economy rather than baseball