Barney Frank, entering hospice care, embarks on a final act: Taking on the left

[RoshawnMarkwees]

I’d take his statement more seriously if he’d shown contrition for all of the policies he advocated for that led to the conditions he says he opposes.
I hope he stays comfortable.

 

[g5000]

As I recall, wasn’t Barney Frank one of the legislators who pushed through the legislation which caused the 2008 financial crises?

Barney Frank killed any legislation which would have reduced the GSE's portfolios during the housing bubble.

George Bush tried to push through legislation which would have reduced the GSE's portfolios. Bush's motives were not pure. He wanted to restrict the GSEs market share so Wall Street could expand THEIR market share. Its all about the donors.

Frank not only opposed limiting the GSEs portfolios, he enabled them to take on huge subprime and Alt-A risks which were way outside their mandate.

It was not until after the crash that Frank finally saw the light. Too late.

 

[TimFitz]

Yes, we heard this fairy tale when it happened.

Frank was a socialist....now....he's what? Looking forward to his book.

Non response.

I assume you're referring to the right wing fairy tale that Fox and the rest of the right wing noise machine parroted as a distraction from both the GOP Congress and the Bush Administration's long time policy of ignoring the warning signs, which had been flashing since the Enron and Citigroup collapses years earlier.

 

[22lcidw]

Barney Frank killed any legislation which would have reduced the GSE's portfolios during the housing bubble.

George Bush tried to push through legislation which would have reduced the GSE's portfolios. Bush's motives were not pure. He wanted to restrict the GSEs market share so Wall Street could expand THEIR market share. Its all about the donors.

Frank not only opposed limiting the GSEs portfolios, he enabled them to take on huge subprime and Alt-A risks which were way outside their mandate.

It was not until after the crash that Frank finally saw the light. Too late.

Frank hurt a lot of people who played by the rules. He shortly left office. Those who lost out will never forget. The games politicians play with civilians with their social experiments is demonic.

 

[Doc7505]

No, Barney Frank had nothing to do with either the Commodities Futures Modernization Act, or the Gramm Leach Bliely Act, both of which were principal contributors to the 2008 crash.

However right wing media blamed him anyway. Largely because he was openly gay.

<~~~~~~~~~~>
Indeed, it was the Dodd-Frank Bill
The Dodd-Frank Wall Street Reform and Consumer Protection Act is a U.S. federal law enacted on July 21, 2010, aimed at promoting financial stability and preventing another financial crisis by increasing regulation of the financial industry. It established key agencies like the Consumer Financial Protection Bureau (CFPB) to protect consumers and introduced measures to reduce risks in the financial system.

 

[Doc7505]

Dying ex-Rep. Barney Frank delivers stark warning from hospice about Dems swinging too far left​

Dying ex-Rep. Barney Frank delivers stark warning from hospice about Dems swinging too far left

Liberal icon, former Rep. Barney Frank, who is dying of congestive heart failure, spoke out from hospice to deliver a stark warning to Democrats for swinging too far to the left on social issues — …

nypost.com

3 May 2026 ~~ Ryan King

Liberal icon, former Rep. Barney Frank, who is dying of congestive heart failure, spoke out from hospice to deliver a stark warning to Democrats for swinging too far to the left on social issues — and said it will cost them with voters.


Commentary:
Hmm...., A Deathbed confession.
A Sodomite on deathbed tells other sodomites not to go too far…
Frank wasn’t stupid, but I don't think that will help when he meets his maker.
My, God, he looks horrible. Frank used to be a Democrat powerbroker. Someone who they all used to listen too.
Not one Democrat is going to listen to what he says now. At least no one who makes a difference.

 

[struth]

Non response.

I assume you're referring to the right wing fairy tale that Fox and the rest of the right wing noise machine parroted as a distraction from both the GOP Congress and the Bush Administration's long time policy of ignoring the warning signs, which had been flashing since the Enron and Citigroup collapses years earlier.

The dems had the house, frank, who’s lover was head of Fannie was in charge of the house fin service committee and blocked any reform that bush admin repeatedly begged for…

Frank even went out there right before the crisis and told everyone Fran and Fred were fine…he lied until the last mins

Setting the Record Straight: Six Years of Unheeded Warnings for GSE Reform

Today, the Washington Times incorrectly accused the White House of ignoring warnings of trouble ahead for government-sponsored enterprises (GSEs) and neglecting to "adopt any reform until this summer," when it was too late. "Neither the White House nor Congress heeded the warnings, Fannie and...

georgewbush-whitehouse.archives.gov

 

[SassyIrishLass]

Sorta hard to feel sorry for the career politician.

He never accomplished a damn thing worthwhile while on the public dole

Before you loons start? Think

 

[struth]

Sorta hard to feel sorry for the career politician.

He never accomplished a damn thing worthwhile while on the public dole

Before you loons start? Think

Not true he ran a gay escort service out of his apartment

 

[ThisIsMe]

Barney Frank, entering hospice care, embarks on a final act:​

Taking on the left​

The former Massachusetts lawmaker says progressives in his party have “embraced an agenda that goes beyond what’s politically acceptable.”​

https://www.politico.com/news/2026/04/28/barney-frank-hospice-democrats-00897112?utm_medium=twitter&utm_source=dlvr.it

28 Apr 2026 ~~ By Jasper Goodman

Former Rep. Barney Frank, a liberal icon who was a key architect of the landmark Wall Street regulations Democrats enacted in the wake of the 2008 financial crisis, has entered hospice care at his home in Maine. And as one of his last acts, he is preparing to release a book repudiating his party’s left flank.
A champion of liberal causes during his 32 years representing Massachusetts in the House, Frank says progressive Democrats have “embraced an agenda that goes beyond what’s politically acceptable.”
“Until we separate ourselves from that agenda, we don’t win,” he said in an interview Tuesday.
~Snip~
“At 86, I’ve made it longer than I thought,” Frank said. “At some point, my heart’s just going to give out, and it’s reaching that stage. So I’m taking it easy at home and dealing with it by relaxing.”
Known for his acerbic wit and sometimes combative style, Frank chaired the House Financial Services Committee through the heart of the 2008 financial crisis, from 2007 to 2011.


Commentary:
As he gets closer to his time to meet his maker, Barney Frank wants to right some of the wrongs he sees in the Democrat Party.
As I recall, wasn’t Barney Frank one of the legislators who pushed through the legislation which caused the 2008 financial crises?
I would not wish congestive heart failure upon anyone. While there are more and better treatments, and we know some prevention, it is a fatal progressive disease that kills many each year.
Frank is 86 so there's no sympathy forth coming. He's led his life and it's time to meet his maker.
He's lived longer than the average American male.

I hope he is comfortable and at peace living out his days

 

[Doc7505]

I hope he is comfortable and at peace living out his days

That is what hospice is all about.

 

[JonKoch]

Barney Frank, entering hospice care, embarks on a final act:​

Taking on the left​

The former Massachusetts lawmaker says progressives in his party have “embraced an agenda that goes beyond what’s politically acceptable.”​

https://www.politico.com/news/2026/04/28/barney-frank-hospice-democrats-00897112?utm_medium=twitter&utm_source=dlvr.it

28 Apr 2026 ~~ By Jasper Goodman

Former Rep. Barney Frank, a liberal icon who was a key architect of the landmark Wall Street regulations Democrats enacted in the wake of the 2008 financial crisis, has entered hospice care at his home in Maine. And as one of his last acts, he is preparing to release a book repudiating his party’s left flank.
A champion of liberal causes during his 32 years representing Massachusetts in the House, Frank says progressive Democrats have “embraced an agenda that goes beyond what’s politically acceptable.”
“Until we separate ourselves from that agenda, we don’t win,” he said in an interview Tuesday.
~Snip~
“At 86, I’ve made it longer than I thought,” Frank said. “At some point, my heart’s just going to give out, and it’s reaching that stage. So I’m taking it easy at home and dealing with it by relaxing.”
Known for his acerbic wit and sometimes combative style, Frank chaired the House Financial Services Committee through the heart of the 2008 financial crisis, from 2007 to 2011.


Commentary:
As he gets closer to his time to meet his maker, Barney Frank wants to right some of the wrongs he sees in the Democrat Party.
As I recall, wasn’t Barney Frank one of the legislators who pushed through the legislation which caused the 2008 financial crises?
I would not wish congestive heart failure upon anyone. While there are more and better treatments, and we know some prevention, it is a fatal progressive disease that kills many each year.
Frank is 86 so there's no sympathy forth coming. He's led his life and it's time to meet his maker.
He's lived longer than the average American male.

NOPE, THAT FALSE MEME WAS DEMOLISHED YEARS AGO


From Bush's President's Working Group on Financial Markets October 2008

"The Presidents Working Group's March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007.

 

[JonKoch]

Not true he ran a gay escort service out of his apartment

Cheeto? Doesn't surprise me

 

[struth]

Cheeto? Doesn't surprise me

Barney Frank…didn’t know Cheeto is what his nickname was

 

[JonKoch]

The dems had the house, frank, who’s lover was head of Fannie was in charge of the house fin service committee and blocked any reform that bush admin repeatedly begged for…

Frank even went out there right before the crisis and told everyone Fran and Fred were fine…he lied until the last mins

Setting the Record Straight: Six Years of Unheeded Warnings for GSE Reform

Today, the Washington Times incorrectly accused the White House of ignoring warnings of trouble ahead for government-sponsored enterprises (GSEs) and neglecting to "adopt any reform until this summer," when it was too late. "Neither the White House nor Congress heeded the warnings, Fannie and...

georgewbush-whitehouse.archives.gov

STILL lying huh?

Subprime share of all mortgage origination in 2003: 8%
"Another form of easing facilitated the rapid rise of mortgages that didn't require borrowers to fully document their incomes. In 2006, these low- or no-doc loans comprised 81 percent of near-prime, 55 percent of jumbo, 50 percent of subprime and 36 percent of prime securitized mortgages.

Q HOLY JESUS! DID YOU JUST PROVE THAT OVER 50 % OF ALL MORTGAGES IN 2006 DIDN'T REQUIRE BORROWERS TO DOCUMENT THEIR INCOME?!?!?!?

A Yes.




Q WHO THE HELL LOANS HUNDREDS OF THOUSANDS OF DOLLARS TO PEOPLE WITHOUT CHECKING THEIR INCOMES?!?!?

A Banks.

Q WHY??!?!!!?!

A Two reasons, greed and Bush's regulators let them. And then they sold the loan and risk to investors and GSEs clamoring for the loans. Actually banks, pension funds, investment banks and other investors clamored for them. Bush forced Freddie and Fannie to buy an additional $440 billion in mortgages in the secondary market.

The rise and fall of subprime mortgages

After booming the first half of this decade, US housing activity has retrenched sharply. Single-family building permits have plunged 52 percent and existing-home sales have declined 30 percent since their September 2005 peaks. ; A rise in mortgage

www.academia.edu

FACTS on Dubya's great recession​

Thread 'FACTS on Dubya's great recession'

Jul 2, 2014

Q When did the Bush Mortgage Bubble start?

A The general timeframe is it started late 2004.

From Bush’s President’s Working Group on Financial Markets October 2008

“The Presidents Working Group’s March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007.”



Q Did the Community Reinvestment Act under Carter/Clinton caused it?


A "Since 1995 there has been essentially no change in the basic CRA rules or...

• Dad2three
• Replies: 481
• Forum: Economy

• 

DUBYA WAS THE REGULATOR OF FANNIE AND FREDDIE, WHAT LAW DID HEE WANT TO CHANGE?



BARNEY FRANK AND THE DEMOCRATS WERE THE MINORITY PARTY N THE HOUSE JAN 1995 TO JAN 2007, WAT SUPER POWERS DID HE HAVE AGAIN?

 

[JonKoch]

Frank hurt a lot of people who played by the rules. He shortly left office. Those who lost out will never forget. The games politicians play with civilians with their social experiments is demonic.

WHAT BS

FACTS on Dubya's great recession

Thread 'FACTS on Dubya's great recession'

Jul 2, 2014

Q When did the Bush Mortgage Bubble start?

A The general timeframe is it started late 2004.

From Bush’s President’s Working Group on Financial Markets October 2008

“The Presidents Working Group’s March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007.”



Q Did the Community Reinvestment Act under Carter/Clinton caused it?


A "Since 1995 there has been essentially no change in the basic CRA rules or...

• Dad2three
• Replies: 481
• Forum: Economy

• 

Bush's documented policies and statements in timeframe leading up to the start of the Bush Mortgage Bubble include (but not limited to)

Wanting 5.5 million more minority homeowners
Tells congress there is nothing wrong with GSEs
Pledging to use federal policy to increase home ownership
Routinely taking credit for the housing market
Forcing GSEs to buy more low income home loans by raising their Housing Goals
Lowering Investment banks capital requirements, Net Capital rule (FROM 12-1 TO 1 TO 35-1+)
Reversing the Clinton rule that restricted GSEs purchases of subprime loans
Lowering down payment requirements to 0%
Forcing GSEs to spend an additional $440 billion in the secondary markets
Giving away 40,000 free down payments
PREEMPTING ALL STATE LAWS AGAINST PREDATORY LENDING


But the biggest policy was regulators not enforcing lending standards.

 

[JonKoch]

Barney Frank killed any legislation which would have reduced the GSE's portfolios during the housing bubble.

George Bush tried to push through legislation which would have reduced the GSE's portfolios. Bush's motives were not pure. He wanted to restrict the GSEs market share so Wall Street could expand THEIR market share. Its all about the donors.

Frank not only opposed limiting the GSEs portfolios, he enabled them to take on huge subprime and Alt-A risks which were way outside their mandate.

It was not until after the crash that Frank finally saw the light. Too late.

LMAOROG,. Too funny

Bush's documented policies and statements in timeframe leading up to the start of the Bush Mortgage Bubble include (but not limited to)

Wanting 5.5 million more minority homeowners
Tells congress there is nothing wrong with GSEs
Pledging to use federal policy to increase home ownership
Routinely taking credit for the housing market
Forcing GSEs to buy more low income home loans by raising their Housing Goals
Lowering Investment banks capital requirements, Net Capital rule
Reversing the Clinton rule that restricted GSEs purchases of subprime loans
Lowering down payment requirements to 0%
Forcing GSEs to spend an additional $440 billion in the secondary markets
Giving away 40,000 free down payments
PREEMPTING ALL STATE LAWS AGAINST PREDATORY LENDING


But the biggest policy was regulators not enforcing lending standards.

Thread 'FACTS on Dubya's great recession'

Jul 2, 2014

Q When did the Bush Mortgage Bubble start?

A The general timeframe is it started late 2004.

From Bush’s President’s Working Group on Financial Markets October 2008

“The Presidents Working Group’s March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007.”



Q Did the Community Reinvestment Act under Carter/Clinton caused it?


A "Since 1995 there has been essentially no change in the basic CRA rules or...

• Dad2three
• Replies: 481
• Forum: Economy

• 

Bush talked about reform. He talked and he talked. And then he stopped reform. (read that as many times as necessary. Bush stopped reform). And then he stopped it again

Post in thread 'FACTS on Dubya's great recession'

Jul 2, 2014

Bush tried 17 times to stop the community reinvestment act. He could never overcome Franklin Raines being black.

Sure he did. You meant he 'warned' GOP Congress 17 times on GSE reforms, but blocked the only bill to get out of the GOP House with bipartisan support?



Bush talked about reform. He talked and he talked. And then he stopped reform. (read that as many times as necessary. Bush stopped reform). And then he stopped it again

Testimony from W&#8217;s Treasury Secretary John Snow to the REPUBLICAN CONGRESS concerning the 'regulation&#8217; of the GSE&#8217;s 2004...

• Dad2three

 

[struth]

STILL lying huh?

Subprime share of all mortgage origination in 2003: 8%
"Another form of easing facilitated the rapid rise of mortgages that didn't require borrowers to fully document their incomes. In 2006, these low- or no-doc loans comprised 81 percent of near-prime, 55 percent of jumbo, 50 percent of subprime and 36 percent of prime securitized mortgages.

Q HOLY JESUS! DID YOU JUST PROVE THAT OVER 50 % OF ALL MORTGAGES IN 2006 DIDN'T REQUIRE BORROWERS TO DOCUMENT THEIR INCOME?!?!?!?

A Yes.




Q WHO THE HELL LOANS HUNDREDS OF THOUSANDS OF DOLLARS TO PEOPLE WITHOUT CHECKING THEIR INCOMES?!?!?

A Banks.

Q WHY??!?!!!?!

A Two reasons, greed and Bush's regulators let them. And then they sold the loan and risk to investors and GSEs clamoring for the loans. Actually banks, pension funds, investment banks and other investors clamored for them. Bush forced Freddie and Fannie to buy an additional $440 billion in mortgages in the secondary market.

The rise and fall of subprime mortgages

After booming the first half of this decade, US housing activity has retrenched sharply. Single-family building permits have plunged 52 percent and existing-home sales have declined 30 percent since their September 2005 peaks. ; A rise in mortgage

www.academia.edu

FACTS on Dubya's great recession​

Thread 'FACTS on Dubya's great recession'

Jul 2, 2014

Q When did the Bush Mortgage Bubble start?

A The general timeframe is it started late 2004.

From Bush’s President’s Working Group on Financial Markets October 2008

“The Presidents Working Group’s March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007.”



Q Did the Community Reinvestment Act under Carter/Clinton caused it?


A "Since 1995 there has been essentially no change in the basic CRA rules or...

• Dad2three
• Replies: 481
• Forum: Economy

• 

DUBYA WAS THE REGULATOR OF FANNIE AND FREDDIE, WHAT LAW DID HEE WANT TO CHANGE?



BARNEY FRANK AND THE DEMOCRATS WERE THE MINORITY PARTY N THE HOUSE JAN 1995 TO JAN 2007, WAT SUPER POWERS DID HE HAVE AGAIN?

No sure what it is you think I lied about…

STILL lying huh?

Subprime share of all mortgage origination in 2003: 8%
"Another form of easing facilitated the rapid rise of mortgages that didn't require borrowers to fully document their incomes. In 2006, these low- or no-doc loans comprised 81 percent of near-prime, 55 percent of jumbo, 50 percent of subprime and 36 percent of prime securitized mortgages.

Q HOLY JESUS! DID YOU JUST PROVE THAT OVER 50 % OF ALL MORTGAGES IN 2006 DIDN'T REQUIRE BORROWERS TO DOCUMENT THEIR INCOME?!?!?!?

A Yes.




Q WHO THE HELL LOANS HUNDREDS OF THOUSANDS OF DOLLARS TO PEOPLE WITHOUT CHECKING THEIR INCOMES?!?!?

A Banks.

Q WHY??!?!!!?!

A Two reasons, greed and Bush's regulators let them. And then they sold the loan and risk to investors and GSEs clamoring for the loans. Actually banks, pension funds, investment banks and other investors clamored for them. Bush forced Freddie and Fannie to buy an additional $440 billion in mortgages in the secondary market.

The rise and fall of subprime mortgages

After booming the first half of this decade, US housing activity has retrenched sharply. Single-family building permits have plunged 52 percent and existing-home sales have declined 30 percent since their September 2005 peaks. ; A rise in mortgage

www.academia.edu

FACTS on Dubya's great recession​

Thread 'FACTS on Dubya's great recession'

Jul 2, 2014

Q When did the Bush Mortgage Bubble start?

A The general timeframe is it started late 2004.

From Bush’s President’s Working Group on Financial Markets October 2008

“The Presidents Working Group’s March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007.”



Q Did the Community Reinvestment Act under Carter/Clinton caused it?


A "Since 1995 there has been essentially no change in the basic CRA rules or...

• Dad2three
• Replies: 481
• Forum: Economy

• 

DUBYA WAS THE REGULATOR OF FANNIE AND FREDDIE, WHAT LAW DID HEE WANT TO CHANGE?



BARNEY FRANK AND THE DEMOCRATS WERE THE MINORITY PARTY N THE HOUSE JAN 1995 TO JAN 2007, WAT SUPER POWERS DID HE HAVE AGAIN?

Not sure what you think I lied about....be specific


The crash happened in 2008....so yes, the Dems had the house and blocked any reform that was being recommended

Setting the Record Straight: Six Years of Unheeded Warnings for GSE Reform

Today, the Washington Times incorrectly accused the White House of ignoring warnings of trouble ahead for government-sponsored enterprises (GSEs) and neglecting to "adopt any reform until this summer," when it was too late. "Neither the White House nor Congress heeded the warnings, Fannie and...

georgewbush-whitehouse.archives.gov

 

[JonKoch]

Frank was a big part of the whole SNL banking meltdown with Fannie and Freddie that lead to the economic crisis they blamed on Bush to propel Obumma into office.

And apparently, the democrats have just been gushing with gratitude ever since.

lmaorog, you guys are funny at least

Private Sector Loans, Not Fannie or Freddie, Triggered Crisis​

Wall Street, Not Fannie Mae & Freddie Mac, Created & Led the Toxic Mortgage Market

https://www.ourfinancialsecurity.org/wp-content/uploads/2011/02/Cause-of-Financial-Crisis-1-26-11.pdf

 

[JonKoch]

No sure what it is you think I lied about…

Not sure what you think I lied about....be specific


The crash happened in 2008....so yes, the Dems had the house and blocked any reform that was being recommended

Setting the Record Straight: Six Years of Unheeded Warnings for GSE Reform

Today, the Washington Times incorrectly accused the White House of ignoring warnings of trouble ahead for government-sponsored enterprises (GSEs) and neglecting to "adopt any reform until this summer," when it was too late. "Neither the White House nor Congress heeded the warnings, Fannie and...

georgewbush-whitehouse.archives.gov

cool, in 2003 there wasn't one, Dubya said the same, AND?

REFORM IN 2007 THAT DEMS HAD THE HOUSE? DUBYA OPPOSED? LOL


YOU KNOW HE WAS THE REGULATOR RIGHT?


CENTER FOR RESPONSIBLE LENDING

Wall Street, Not Fannie Mae & Freddie Mac, Created & Led the Toxic Mortgage Market

https://www.ourfinancialsecurity.org/wp-content/uploads/2011/02/Cause-of-Financial-Crisis-1-26-11.pdf

Flashback: Private Sector Not GSEs Triggered Crisis​

A reminder from 4 years ago today: Look who were the biggest underwriters of subprime — not Fannie & Freddie, not driven by the CRA, not Congress, but private sector banks.

The data, from the Federal Reserve Board, shows:

• More than 84 percent of the subprime mortgages in 2006 were issued by private lending institutions.

• Private firms made nearly 83 percent of the subprime loans to low- and moderate-income borrowers that year.

• Only one of the top 25 subprime lenders in 2006 was directly subject to the housing law that’s being lambasted by conservative critics.

When it comes to making policy and legislation, facts matter. Those who advocated radical deregulation refuse to accept responsibility for their actions, must find someone else to blame. Hence, the fabrications about CRA/GSEs.

Flashback: Private Sector Not GSEs Triggered Crisis - The Big Picture

A reminder from 4 years ago today: Look who were the biggest underwriters of subprime — not Fannie & Freddie, not driven by the CRA, not Congress, but private sector banks. The data, from the Federal Reserve Board, shows: • More than 84 percent of the subprime mortgages in 2006 were issued by...

ritholtz.com