Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies > Elections
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 04-06-2015, 08:34 PM
 
Location: Pine Grove,AL
29,374 posts, read 16,286,193 times
Reputation: 5919

Advertisements

Quote:
Originally Posted by BentBow View Post
The same Barney Frank, that was the head of the housing committee, when from 2001-the crash of 2008, was warned of the upcoming crash, said there is nothing to worry about. The republicans are just trying to scare you.
Republicans controlled the House up until 2007 and never passed a single Fix, the housing market actually started Crashing in 2006 also, so it isnt like they didnt see it either.

How on earth can you blame Democrats when your party was in the majority ????
Reply With Quote Quick reply to this message

 
Old 04-06-2015, 08:36 PM
 
Location: Old Bellevue, WA
18,782 posts, read 17,268,822 times
Reputation: 7990
Quote:
Originally Posted by BentBow View Post
I meant House Committee, as I was thinking about the housing loan crisis.



https://www.youtube.com/watch?v=6coIcgdgF5U

Quote:
Originally Posted by Barney Frank
This is not the dot com situation
He was actually quite right. It was 100 times worse.
Reply With Quote Quick reply to this message
 
Old 04-06-2015, 08:37 PM
 
Location: Pine Grove,AL
29,374 posts, read 16,286,193 times
Reputation: 5919
Quote:
Originally Posted by wutitiz View Post
But not zero power. Barney Frank was a staunch defender of Fannie Mae at a time when there were efforts to reform it. The efforts were turned back, and Barney Frank's side won:

(from Reckless Endangerment by NYT business reporter Gretchen Morganson, p 71).

Of course taxpayers wound up with a $317 billion bill for the bailout of Fannie and Freddie
True Cost of Fannie, Freddie Bailouts: $317 Billion, CBO Says | CNS News

In fairness some of that has already been paid back.
Quote:
Originally Posted by BentBow View Post
I meant House Committee, as I was thinking about the housing loan crisis.



https://www.youtube.com/watch?v=6coIcgdgF5U
in 2003, there were 229 Republicans in the House, you had the majority.

in 2005, there were 225 Republicans in the House, you had the majority.

You also had a majority in the Senate, and the President of the United States. Stop trying to blame Democrats.
Reply With Quote Quick reply to this message
 
Old 04-06-2015, 08:46 PM
 
12,638 posts, read 8,894,203 times
Reputation: 7458
Quote:
Originally Posted by dsjj251 View Post
in 2003, there were 229 Republicans in the House, you had the majority.

in 2005, there were 225 Republicans in the House, you had the majority.

You also had a majority in the Senate, and the President of the United States. Stop trying to blame Democrats.
The Demcrat Party, i.e. the Party of No, filibustered all efforts at reform. Interesting how you leave out that little fact.
Reply With Quote Quick reply to this message
 
Old 04-06-2015, 08:56 PM
 
Location: The Republic of Texas
78,866 posts, read 46,315,321 times
Reputation: 18520
Quote:
Originally Posted by dsjj251 View Post
Republicans controlled the House up until 2007 and never passed a single Fix, the housing market actually started Crashing in 2006 also, so it isnt like they didnt see it either.

How on earth can you blame Democrats when your party was in the majority ????

They didn't have a supermajority, and Barney Frank shutdown the vote everytime a bill came. Not enough support to pass it. The Youtube video explains it.

The first two years of Bush it was 50/50 in the senate and the house with 222 R's and 210 D's -107th Congress.

Years 3 & 4, it was 51/48/1 republican majority by 1 over 50. The house remained the same, with an Independent taking a D seat. -108th Congress

Years 5 & 6, it was 55/44/1 republican majority by 5 over 50. The house had 225 R's and 207 D's with 1 I's - 109th Congress

We all know what happened in Nov 2006 and the 110th Congress, Pelosi & Reid took over the candy store and by the summer of 2007 things were on a downward trend. They didn't see it coming either, with Barney frank assuring everyone it was fine. The economy crashed, as predicted.
Senate 49/49/2(with the I's caucusing with the D's) The house flipped, with 233 D's and 202 R's
Reply With Quote Quick reply to this message
 
Old 04-07-2015, 02:41 AM
 
Location: MPLS
752 posts, read 562,298 times
Reputation: 461
Quote:
Originally Posted by wutitiz View Post
"But not zero power. Barney Frank was a staunch defender of Fannie Mae at a time when there were efforts to reform it. The efforts were turned back, and Barney Frank's side won:"
Frank could only pass or block legislation to the degree that the Republican majority went along, so that's where the fault ultimately lies.
Reply With Quote Quick reply to this message
 
Old 04-07-2015, 02:43 AM
 
Location: MPLS
752 posts, read 562,298 times
Reputation: 461
Quote:
Originally Posted by BentBow View Post
"I meant House Committee, as I was thinking about the housing loan crisis."
The 'House House' Committee? The 'House Committee on Houses'? I don't think there is such a thing, and at any rate, Barney Frank assumed the chairmanship of the Banking and Financial Service Committee in 2007.
Reply With Quote Quick reply to this message
 
Old 04-07-2015, 03:01 AM
 
Location: MPLS
752 posts, read 562,298 times
Reputation: 461
Quote:
Originally Posted by BentBow View Post
"They didn't have a supermajority, and Barney Frank shutdown the vote everytime a bill came. Not enough support to pass it."
Someone should have explained to Dennis Hastert how the House works; with even the barest majority, a party can pass more or less whatever it likes. How embarrassing for House Republicans that their failure to understand the basic workings of the legislative body they ran resulted in their agenda being stifled by a single member of the minority party.
Reply With Quote Quick reply to this message
 
Old 04-07-2015, 06:20 AM
 
Location: The Republic of Texas
78,866 posts, read 46,315,321 times
Reputation: 18520
Quote:
Originally Posted by drishmael View Post
The 'House House' Committee? The 'House Committee on Houses'? I don't think there is such a thing, and at any rate, Barney Frank assumed the chairmanship of the Banking and Financial Service Committee in 2007.
House Committeee as opposed to a Senate Committee.
The House Committee on Banking and Financials Services.
Reply With Quote Quick reply to this message
 
Old 04-09-2015, 01:24 PM
 
Location: Annandale, VA
5,094 posts, read 5,148,222 times
Reputation: 4231
Quote:
Originally Posted by drishmael View Post
I think you're thinking of the Banking and Financial Services Committee -- which Frank assumed the chairmanship of in 2007 (too late to deflate the housing bubble). Frank may not have been prescient, but Republicans greatly exaggerate his role in the subsequent crash (minority members of a House committee, as Frank was from January '95 until January '07, have very little power).

It was Barney's Frank that stood on the House floor and claimed that any curbing of credit was an "attack on poor people". That is long before 2007.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies > Elections

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top