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You have not seen my videos. I have never posted a video on You Tube. The videos you should be seeing are unedited and are of Barney Frank insisting that that Freddie Mae and Fannie Mac were financially sound when he knew they were not.
You recommended them, hence they are yours within the context of this thread. And they are very heavily and quite deceptively edited. If you would like to read the actual transcript of the hearings from which the most widely circulated video was produced, here it is...
Well you don't even have the names of the GSE's right, and the only plans that Bush (or McCain...who actually didn't sign on to S.190 until a year after it was introduced) had were to come up with ways to wedge the GSE's out of their share of the highly lucrative secondary mortgage markets so that their good buddies up on Wall Street (the people who actually DID bring about the credit crisis, and from that, the recession and foreclosure crisis) could have more room to play in while earning their fabulous profits and their astronomical bonuses. There was no aspect of any of these proposed reforms or regulatory schemes that actually addressed any safety or soundness issue, nor were there any safety and soundness issues to be addressed. As I said...more homework...
You can insist I do my homework all you want. Barney Frank is guilty as all get out and anyone who has seen his testimony knows that he lied. This man has caused pain to so many people and has contributed to families now being homeless. The least he could do is to ask for funding for the many families he helped to put on the street.
The least he could do is to ask for funding for the many families he helped to put on the street.
He had nothing to do with it, but if you'd been following along, you'd know that Rep. Frank has been pushing legislation to use the profits earned off of TARP (about $8 billion to date) as a pool from which bridge financing can be provided to homeowners who have lost their jobs through no fault of their own and cannot now make their mortgage payments. What have the busy Republicans proposed, I wonder. More tax cuts for the rich, maybe???
Oh, I'd agree. Rep. Frank has been one of the more responsible lawmakers in this town for some time now. But he had nothing to do with the housing disaster as some call it, which actually had very little to do with housing and very much to do with the people who were busy making profits at any cost, even if that cost might include a collapse of the global economic system...
Did his significant other profit from the housing market?
He had nothing to do with it, but if you'd been following along, you'd know that Rep. Frank has been pushing legislation to use the profits earned off of TARP (about $8 billion to date) as a pool from which bridge financing can be provided to homeowners who have lost their jobs through no fault of their own and cannot now make their mortgage payments. What have the busy Republicans proposed, I wonder. More tax cuts for the rich, maybe???
You are very misinformed. Barney Frank had everything to do with this current disaster. He lied and people are now homeless because of his self serving lies. He is the scum of the earth.
You are very misinformed. Barney Frank had everything to do with this current disaster. He lied and people are now homeless because of his self serving lies. He is the scum of the earth.
You must think the majority of his constituents are also scum for repeatedly re-electing him.
Is that a rhetorical question? How is it relevant?
His SO personally profited. Was personally profiting. For some to suggest that Frank knew nothing is ludicrious. And to suggest that Frank was not lying about FNMA's condition is also ludicrious
You must think the majority of his constituents are also scum for repeatedly re-electing him.
No, not scum. I think they were naive.
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