Discussion in 'Current Events' started by KMAN, Oct 9, 2008.
The Tax Foundation - Barney Frank on Fannie Mae and Freddie Mac in 2003
I thought this housing problem was caused by deregulation of Freddie and Fannie... Isn't that what all of the Democrats are saying?
Well, back in 2003 Barney Frank doesn't think that deregulation is a problem at all! WTF?
Maxine Waters wasn't too impressed with regulation either.
Nobody on the left wants to touch this.
Remember, politicians lie. This is election year. We hear it from both parties whether it is earmarks or voting for Bush economic policy (bailout) which in the last eight years, has been a failure.
You are darn right... There is no defense for this that's why.. The sad thing is they still won't blame Barney Frank for this... It will be President Bush's fault... And people wonder why this country is falling apart...
Do you realize fanny and freddy never wrote any sub prime loans?
Do you realize that in 2003 the level of sub prime had not yet become a problem?
Do you realize that in 2004 Barney and all the govenors of the country were twarted by the BUSH admin in their attempts to allow the states to police this sub prime market problem?
Bush and his team pulled up an arcaic law from the 1800s to PREVENT the states from having power in their own state to regulate the market!
They stripped the states of their power to police their OWN STATES!
So much for you guys being pro states rights huh?
Party above state and party before country , you guys have no moral campass left.
You do realize that Sub-Prime made up 20% of Fmae and Fmac portfolio right?
780 Billion dollars?
You do realize thatBush wanted to do a major overaul to fmae and fmac in 02, or 03....which is when we got my famou ssignature quote from your favorite fat fuck of a senator Barney Frank
Please stop defending him really
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