Truth Is Starting To Leak Out: Barney Frank, Chris Dodd…Clinton Cronies

Discussion in 'Politics' started by mcmick, Oct 8, 2008.

  1. mcmick
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    mcmick Rookie

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    On Sept. 11, 2003, the Bush administration proposed to Congress a new agency under the Treasury Department to assume supervision of Fannie and Freddie, with authority to set capital-reserve requirements, veto new lines of business and determine whether the two quasi-government lenders were adequately managing the risk of their ballooning portfolios.

    Then Treasury Secretary John Snow almost begged Barney Frank to support Fannie and Freddie reform.

    Frank’s quote "These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis. The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."

    Many are familiar with the definition of a liberal “One who will give the shirt off of someone else’s back.”

    Democrats obviously believe in affordable housing for their imagined “victims.” The vast majority of Americans, persist, watch their credit, work hard and pay their mortgages on time.

    The deadbeats, the largest constituency of the nanny-state Democrat Party, were given housing they couldn't afford, now Dems want the rest of us to pay off their defaulted mortgages.

    Joe Biden said in last Thursday’s debate, these people should not only have renegotiated loans and lower rates but reduced principals.

    Karl Marx, Saul Alinsky, Bill Ayars, all the sixties hippies and flower children now in control of the Democrat Party are in REDISTRIBUTION heaven.

    See Barney Franks and other Dems’ own words—You Tube--Search “Fannie Mae hearings”

    Over 2 million recent views and rising rapidly.

    Keep spreading the word.

    Don’t be discouraged by the angry attacks of nanny-state believers. Their insecurity makes them love government solutions and redistribution, and attempts to cover-up this Democrat scandal.
     
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  2. AllieBaba
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    AllieBaba BANNED

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    This isn't news. The left knows it, and is pretending it didn't happen.

    I heard Clinton himself SAY the economic problems today were because of his and his buddies' support of Freddie Mac and Fannie Mae. I heard it on the radio, it was one of those interviews where he praised McCain while saying he was still an Obama supporter...and it is absolutely buried. I couldn't even find it the very next day.
     
  3. rayboyusmc
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    rayboyusmc Senior Member

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    Right. It's all the left's fault, Ali.

    For seven years Bush with control of the Senate and House just couldn't fix anything. Deregulation had nothing to do with it. The greed of the banks had nothing to do with it.

    What happened to our suplus? Did Barney take that too?

    Anyone who tries to find one cause for this current mess is a partisan hack or a fool.
     
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  4. LordBrownTrout
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    LordBrownTrout Gold Member

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    A lot of people are guilty, politicians, greed on Wall street, inept leaders, people living in excess and on and on. We haven't even seen the rest of the foreclosures OR the credit card debt. I do know that this country will burn to the ground if this hate doesn't stop. Its already happening. We are in a perilous situation right now and it really does no good to fan the flames.
     
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  5. DavidS
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    DavidS Anti-Tea Party Member

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    Barney Frank had a homosexual affair with a Fannie Mae executive Herb Moses about a decade ago.
     
  6. rayboyusmc
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    rayboyusmc Senior Member

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    Did the affair result in any offspring?:tongue:
     
  7. mcmick
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    mcmick Rookie

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    Typical Leftist response.

    Not one reference to the actions of Frank, Dodd, Franklin Raines, who cooked the books by $3.5 billion, so he could pay himself nearly $100 million, and pay fellow crony, Jamie Gorelick $75 million, then had to step down (should have been put in jail and still should be).

    As to the greedy lenders-The Powerful Boo Hoo Movement created the one of its endless, phony, victim groups, with its Marxist use of language "redlining" depriving lenders of the ability to get back their money or be punished by heavy handed government, so that charge is as asinine as the rest of the diversion away from Frank and the other boo hoos on video absolutely blocking every effort to avoid what we now have.

    We know that in the land of nanny-state, it's wrong to think lenders are entitled to get back the money they lend out.
     
  8. glockmail
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    glockmail BANNED

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    Not just one cause, multiple Democrats were involved. :D
     
  9. user_name_guest
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    user_name_guest Member

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    Democrats took Control in 2006. Obama warned people about mortgages. But nothing was done. Last two years? Last two years? Duct tape rayboy, duct tape your fingers from typing.
     
  10. Care4all
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    Care4all Warrior Princess Supporting Member

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    this had to do with accounting procedures...crooked ones, BUT also had NOTHING to do with the crisis we are in now with bad mortgages hidden in MBS's....

    and regulating their accounting procedures would not have stopped what happened from 2005 onward with subprime mortgages...this is what you guys and gals fail to state, every time you bring up this issue...

    also, president bush is the one that ''challenged'' the financial institutions to come up with ways to put more people in to homes....it was an initiative of his in 2002 and then again in his 2004 presidential run....

    Fact Sheet: America's Ownership Society: Expanding Opportunities

    care
     

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