Barney Frank? Minority member of the GOP MAJORITY HOUSE (LIKE TODAY)? What super powers did he have again?
I realize that you are a feral baboon. You cut and paste from the hate sites with no grasp at all as to the meaning of the idiotic shit you post.
I let most of the idiotic shit you post go. You are not the first to ignorantly post manipulated and openly fraudulent FRED graphs off of ThinkProgress and the other hate sites.
Honestly, you damage the left with your stupidity, so I prefer to let you mindlessly fling shit.
Got it, like mosr conservatives, you don't want FACTS to get in your way...
Testimony from Ws Treasury Secretary John Snow to the REPUBLICAN CONGRESS concerning the 'regulation of the GSEs 2004
Mr. Frank: ...Are we in a crisis now with these entities?
Secretary Snow. No, that is a fair characterization, Congressman Frank, of our position. We are not putting this proposal before you because of some concern over some imminent danger to the financial system for housing; far from it.
THE TREASURY DEPARTMENT'S VIEWS ON THE REGULATION OF GOVERNMENT SPONSORED ENTERPRISES
- THE TREASURY DEPARTMENT'S VIEWS ON THE REGULATION OF GOVERNMENT SPONSORED ENTERPRISES
Q When did the Bush Mortgage Bubble start?
A The general timeframe is it started late 2004.
From Bushs Presidents Working Group on Financial Markets October 2008
The Presidents Working Groups 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.
BARNEY HUH? LOL