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Old 07-12-2010, 11:47 AM
 
26,684 posts, read 26,412,491 times
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Massachusetts Sen. Scott Brown (R) now says he'll vote for the final Wall Street reform legislation -- after changes were made to the conference report. This pretty much guarantees the legislation will clear the Senate and will be signed into law by President Obama.
First Read - Scott Brown to vote 'yes' on financial reform

Will Republicans be ticked off about this?
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Old 07-12-2010, 11:51 AM
 
Location: Imaginary Figment
11,456 posts, read 13,376,629 times
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haha, I always get a kick out of this guy. The teaparty hero that they didn't know a damn thing about, other than the fact he had an "R" next to his name.
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Old 07-12-2010, 11:51 AM
 
29,986 posts, read 39,573,003 times
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It proves that Brown is a Mass. liberal and not a fiscal conservative. No suprise there through, not really. Financial reform without addressing the Freddie/Fannie debacle is like addressing malaria while ignoring mosquitoes
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Old 07-12-2010, 11:52 AM
 
Location: Imaginary Figment
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Originally Posted by lifelongMOgal View Post
It proves that Brown is a Mass. liberal and not a fiscal conservative. Financial reform without addressing the Freddie/Fannie debacul is ;ike addressing malaris hile ignoring mosquitoes
Wall Street shenanigans are what got us here not your Fannie Mae conspiracy theories and youtube videos.
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Old 07-12-2010, 11:55 AM
 
29,986 posts, read 39,573,003 times
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Originally Posted by SLCPUNK View Post
Wall Street shenanigans are what got us here not your Fannie Mae conspiracy theories and youtube videos.
Not a conspiracy theory. Try reading non-partisan financial journals sometime. I guess you are right befind Barney Frank in proclaiming that Fannie/Freddie and the way these agencies were run to put everyone in a home whether they could afford it or not had no impact? Really?
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Old 07-12-2010, 11:55 AM
 
73 posts, read 37,127 times
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Originally Posted by SLCPUNK View Post
Wall Street shenanigans are what got us here not your Fannie Mae conspiracy theories and youtube videos.
Well you must have 100% irrefutable evidence of that.

Ireresponsible lending by Fannie and Freddie had nothing to do with the financial crisis that began due to a housing market meltdown?


Barney Frank and company are completely exonerated.
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Old 07-12-2010, 11:56 AM
 
73 posts, read 37,127 times
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Quote:
Originally Posted by lifelongMOgal View Post
Not a conspiracy theory. Try reading non-partisan financial journals sometime. I guess you are right befind Barney Frank in proclaiming that Fannie/Freddie and the way these agencies were run to put everyone in a home whether they could afford it or not had no impact? Really?
astute minds think alike , nice post.
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Old 07-12-2010, 12:00 PM
 
Location: Long Island
28,230 posts, read 15,920,167 times
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Originally Posted by SLCPUNK View Post
Wall Street shenanigans are what got us here not your Fannie Mae conspiracy theories and youtube videos.
no fannie/freddy and the easing of mortgage rules is what collapsed the ecomony
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Old 07-12-2010, 12:03 PM
 
Location: Imaginary Figment
11,456 posts, read 13,376,629 times
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Quote:
Originally Posted by lifelongMOgal View Post
Not a conspiracy theory. Try reading non-partisan financial journals sometime. I guess you are right befind Barney Frank in proclaiming that Fannie/Freddie and the way these agencies were run to put everyone in a home whether they could afford it or not had no impact? Really?
The majority of subprime loans that went into default were backed by Wall Street, and weren't even traditional banks.

Barney Frank said that...so? Like I said, all you're good for is running to your youtube videos for "proof" about absolutely nothing.
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Old 07-12-2010, 12:06 PM
 
Location: Imaginary Figment
11,456 posts, read 13,376,629 times
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Quote:
Originally Posted by LaughLou View Post

Ireresponsible lending by Fannie and Freddie had nothing to do with the financial crisis that began due to a housing market meltdown?
Well you must have 100% irrefutable evidence of that. Right?

Like I said, try watching or reading something other than youtube for your information. Wall Street backed the majority of these subprime mortgage ventures solely for the purpose of reselling them as bundled securities and then later betting against them.
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