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Monday, August 9, 2010

This Man Just Restructured The Entire Financial System

We are in the best of hands, guided by people with extraordinary foresight and wisdom ...

(h/t Weasel Zippers via Freedom's Lighthouse)

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  1. is he still dating that guy who ran the prostitution ring ? or the guy who works at Fannie Mae ?

    his picture should be in the dictionary under "Conflict of Interest" ...

  2. You'd be amazed at how much people in the housing industry still think he walks on water.

    Strike that, terrified.

    ( I know this through my job, BTW)

  3. How this man has managed to avoid being brought up on ethics charges is beyond explanation. His statements, like this one in the video, show he is delusional, to boot. Sometimes I wonder how people like Barney Frank get elected.....then I remember ACORN, SEIU, and the rest of the "special interests" gang, and I get sick instead.

    If he costs us our economic stability by making such blatantly false statements in Congress, can we prosecute him (and the other leftist clowns) for criminal intent?!

  4. Barney Frank really does know about leverage. He's leveraged America's wealth into the pockets of his Congressional and Fannie Mae "constituencies," with a little left over to keep Obama absorbed in his 20-month golf fest and Empress Michelle distracted by her $350,000 vacations.

  5. Now dems want to pay off loans for people that have "upside down" mortgages.

  6. Obama says: The coming election is a choice between the policies that led us into the mess or the policies that are leading out of the mess.

    I hear this from Obama, and I want to know the details. Which policies led us into our current financial situation?

    The Democrats fantasize that it was lower taxes and fewer bureaucratic rules for business that ruined the economy. There is no mention that Banking and Housing are the two most regulated activites in our society.

    Just what regulations were relaxed, allowing the "evil" bankers and businessmen to run wild? Name the requlations and name the names. They can't.

    People forget that the Congress has been controlled by Democrats from 2006. We are living with 3 1/2 years of intense Democratic policies. The housing crisis is the result of Democratic policies, against the wishes of conservative bankers.

    There are special committees in the House (chaired by Barney Frank) and Senate which have the major responsibility for examining lending for housing. They cheered on the housing boom, right up until the bust. Their creatures Fannie Mae and Freddie Mac financed the housing boom, while relaxing the criteria for making loans.

    This recession was promoted by collapsing home prices and mortgage losses, after an extended period of government providing easy money and guarantees to support Fannie Mae and Freddie Mac. The government is still doing this. The bad housing policy was designed, encouraged, and required by government, mostly by Democrats.

    See -> We Guarantee It - The Government Caused the Economic Crisis