Thursday, February 2, 2012

Was B. Frank correct when he was quoted saying Freddie and Fannie were not facing any kind of financial crisis?

Freddie and Fannie C.E.O's made hundreds of millions in bonuses. They just happen to be Democrats. Bush went to Congress more than 15 times and told them they need to get control over Freddie and Fannie or the consequences would collapse our economy. The Democrats, including Frank, Waters and Waxman claimed that Freddie and Fannie were strong and nothing wrong with them. In fact Waters, who should have been thrown out of Congress years ago for sending a letter to Castro telling him not to return an escaped murder of a New Jersey Trooper, called the auditors liars.Was B. Frank correct when he was quoted saying Freddie and Fannie were not facing any kind of financial crisis?Here is your proof. It was the Republicans back in 2004 that were asking for MORE regulation on Fannie and Freddie because they saw the possibility of an enterprise failure. And it was not only Barney Frank, but also Nancy Pelosi and Franklin Raines or said the fears of Republicans were unjustified.



http://www.youtube.com/watch?v=hxMInSfan鈥?/a>



Do not mistake my language above for support of Republicans. They absolutely had a hand in this. But for the democrats to pretend they played absolutely no role is inexcusable behavior for elected officials.Was B. Frank correct when he was quoted saying Freddie and Fannie were not facing any kind of financial crisis?
Barney Frank isnt incompetent; he is corrupt. How better to redistribute wealth and force a government crisis than to give out federally backed loans to people who dont qualify for them, so much so that 70% of all loans were subprime, and then bail them out with taxpayer money. I am a trained economist working in finance, and I know this was all planned.Was B. Frank correct when he was quoted saying Freddie and Fannie were not facing any kind of financial crisis?No, he was obviously not right. Of course, they weren't in direct crisis at the time. It was just bubbling under the surface waiting to happen. Everything is clearer in hindsight. That said, I find it laughable that he's trying to drum up support for another program that will push lenders to offer business loans to more lower income people and minorities. One would think that he would have sense enough to realize that doing this was one of the catalysts for the residential real estate problems. Now he wants to create the same bubble in the commercial market. I guess some people just don't learn from their mistakes.
No he wasn't correct. Clearly.



He never takes responsibility for anything he does wrong, he always points to anyone else but himself.



For all of you who are demanding links, I saw videos news clips of Barney Frank saying exactly what the questioner is asking. Many months ago.Was B. Frank correct when he was quoted saying Freddie and Fannie were not facing any kind of financial crisis?No, but The Banking Queen was making piles of money from Freddie and Fannie, and the increased regulation and scrutiny that George Bush and the Republicans tried to get in 2005 would have exposed Bawney Fwank's vewy pwofitabow wittow wacket.



So he lied his gerbil-packing @ss off and said Freddie and Fannie were fine.Was B. Frank correct when he was quoted saying Freddie and Fannie were not facing any kind of financial crisis?
If so, does that mean Obama ruined them (I know it wasn't)?
Now he wants the money the banks are paying back to use on more housing! We never agreed to let them take it but they did and now have no intention of giving it back ever! That's why SS is in a bad way. As Barney frank says himself. Shame on you for trusting the government!Was B. Frank correct when he was quoted saying Freddie and Fannie were not facing any kind of financial crisis?
False intelligence its not his fault its not George Bush's fault he wasn't given the right information when it came to WMD's



Why should barney frank own up when the president didn't either?
What Barney Frank means is that he thinks the voters in his district are feckless enough to return him to power. As long as he gets paid and (deleted by Yahoo) he doesn't care if the rest of the world sinks into the morass.
Yea and he is going to do it AGAIN!!!
what does Bush have to do with the federal reserve chairman CREATING ARTIFICIAL INTEREST RATES?



a wise choice would be to know our current monetary system BEFORE asking a question about economics.
The only hotdog that should come with a warning label is Barney Frank.
Barney probably had something in his mouth when he said it, so he was 'misheard'. Like a footlong or something.
not only incorrect but outright lieing.
Source?



Wait, what am I saying? Just thumb me down!
Yes, but then those are the names of his two pet gerbils.



They are fat and comfy--especially "Fannie."
No but he is so seldom right who would notice..
Since you don't have any source or link i'll presume you're lying
Yep, damn those dems for having all the power. umm, yeah, the president gets to veto every bill.
he had a gerbil in his butt at the time so maybe he wasn't paying attention

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