The Big Lie: Dodd-Frank "reformed" the U.S. Banking System

[jwoodie]

These bastards [Christopher Dodd (D-CT) and Barney Frank (D-MA)] were two of the biggest protectors and enforcers of the Community Reinvestment Act which forced financial institutions to flood the housing market with sub-prime loans, thereby causing an inevitable Ponzi-scheme bubble that had to burst and take down the economy with it.

In order to cover their tracks, Dodd and Frank came up with a fictitious story that this was all to do with "Wall Street Greed" (never mind that their Democrat-appointed buddies at Fannie and Freddie were paid hundreds of millions of dollars in bonuses for buying up these loans and giving them a false appearance of legitimacy).

To add credibility to this fiction, they introduced a bill to "regulate" the same banks they had forced to make these bad loans in the first place. The Democrat Congress then passed this bill in 2010 (just before the voters threw them out). With Obama to protect it, the regulations authorized by this bill have hamstrung economic recovery and expansion for the past six years.

The sooner we get rid of these vestiges of political deception, the better.

 

[Iceweasel]

I remember Barney Fag saying the housing market was fine according to Fanny and Freddie.

 

[brummelben]

These bastards [Christopher Dodd (D-CT) and Barney Frank (D-MA)] were two of the biggest protectors and enforcers of the Community Reinvestment Act which forced financial institutions to flood the housing market with sub-prime loans, thereby causing an inevitable Ponzi-scheme bubble that had to burst and take down the economy with it.

In order to cover their tracks, Dodd and Frank came up with a fictitious story that this was all to do with "Wall Street Greed" (never mind that their Democrat-appointed buddies at Fannie and Freddie were paid hundreds of millions of dollars in bonuses for buying up these loans and giving them a false appearance of legitimacy).

To add credibility to this fiction, they introduced a bill to "regulate" the same banks they had forced to make these bad loans in the first place. The Democrat Congress then passed this bill in 2010 (just before the voters threw them out). With Obama to protect it, the regulations authorized by this bill have hamstrung economic recovery and expansion for the past six years.

The sooner we get rid of these vestiges of political deception, the better.

My friend, you have just proven beyond a shadow of a doubt that you have no phyucking clue what the community reinvestment act was. Please try and learn

 

[Iceweasel]

These bastards [Christopher Dodd (D-CT) and Barney Frank (D-MA)] were two of the biggest protectors and enforcers of the Community Reinvestment Act which forced financial institutions to flood the housing market with sub-prime loans, thereby causing an inevitable Ponzi-scheme bubble that had to burst and take down the economy with it.

In order to cover their tracks, Dodd and Frank came up with a fictitious story that this was all to do with "Wall Street Greed" (never mind that their Democrat-appointed buddies at Fannie and Freddie were paid hundreds of millions of dollars in bonuses for buying up these loans and giving them a false appearance of legitimacy).

To add credibility to this fiction, they introduced a bill to "regulate" the same banks they had forced to make these bad loans in the first place. The Democrat Congress then passed this bill in 2010 (just before the voters threw them out). With Obama to protect it, the regulations authorized by this bill have hamstrung economic recovery and expansion for the past six years.

The sooner we get rid of these vestiges of political deception, the better.

My friend, you have just proven beyond a shadow of a doubt that you have no phyucking clue what the community reinvestment act was. Please try and learn

Did I just hear a popcorn fart? Can't be sure....

 

[usmbguest5318]

These bastards [Christopher Dodd (D-CT) and Barney Frank (D-MA)] were two of the biggest protectors and enforcers of the Community Reinvestment Act which forced financial institutions to flood the housing market with sub-prime loans

Where does the legislation stipulate that lenders must make sub-prime loans?

 

[Tehon]

These bastards [Christopher Dodd (D-CT) and Barney Frank (D-MA)] were two of the biggest protectors and enforcers of the Community Reinvestment Act which forced financial institutions to flood the housing market with sub-prime loans, thereby causing an inevitable Ponzi-scheme bubble that had to burst and take down the economy with it.

In order to cover their tracks, Dodd and Frank came up with a fictitious story that this was all to do with "Wall Street Greed" (never mind that their Democrat-appointed buddies at Fannie and Freddie were paid hundreds of millions of dollars in bonuses for buying up these loans and giving them a false appearance of legitimacy).

To add credibility to this fiction, they introduced a bill to "regulate" the same banks they had forced to make these bad loans in the first place. The Democrat Congress then passed this bill in 2010 (just before the voters threw them out). With Obama to protect it, the regulations authorized by this bill have hamstrung economic recovery and expansion for the past six years.

The sooner we get rid of these vestiges of political deception, the better.

 

[ColonelAngus]

Barney frank is a fucking joke and a pariah even to the lunatic left.

 

[whitehall]

Barney Frank (Fwank) is a paradox. When he became House banking chairperson halfway into Bush's 2nd term he had oversight responsibility for Fannie Mae and he told America that Fannie was solvent and doing fine. A year or so later Fannie collapsed and the mainstream media never asked him what the hell he was doing.

 

[goulas]

Barney the fag and his lover over at First Nationwide made millions of $$$$$$$$$$$$$$ in fees....

 

[CrusaderFrank]

Much like Obama's promise to transform America, Dodd-Frank (Named after the 2 people responsible for the housing collapse) did reform the banking system; it made it much worse

 

[Indeependent]

Dodd-Frank was used by JP Morgan and Goldman-Sachs to prevent smaller firms from competing.