Posted by admin! / Under Frank Herbert's Dune
The White House and Con gress claim they've fixed the subprime problem -- but they've barely put a Band-Aid on it. Rep. Barney Frank, the House Financial Services Committee chairman, was one of the top culprits for years pushing government-sponsored mortgage lenders Fannie Mae and Freddie Mac to put billions at risk in support of "affordable housing" loans. Last month, he told CNBC's Larry Kudlow: "The kind of subprime loans where lower-income people were inappropriately pushed . . . into buying houses that they couldn't afford . . . we've outlawed most of those practices." "I've been wrong before about...
Published on Thursday 9th of September 2010 07:39:16 AM
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Posted by admin! / Under Frank Herbert's Dune
Frank debates 'dining room table' Democratic primary challengerPosted by Stephanie Vallejo September 8, 2010 06:42 PM Last August, town hall protester Rachel Brown asked Representative Barney Frank why he supported President Obama’s “Nazi policy” of health care reform while holding a sign depicting the president with a Hitler-esque moustache. Frank minced no words in his retort: “Ma'am, trying to have a conversation with you would be like trying to argue with a dining room table. I have no interest in doing it.” But because Brown is now Frank’s Democratic challenger for Massachusetts’ 4th Congressional District, he found himself doing something...
Published on Thursday 9th of September 2010 07:39:16 AM
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Posted by admin! / Under Frank Herbert's Dune
President Barack Obama boldly proclaims, "The buck stops here!" But, whenever his policies are criticized, he acts as if the buck stopped with George W. Bush. The party line that we are likely to be hearing from now until the November elections is that Obama "inherited" the big federal budget deficits and that he has to "clean up the mess" left in the economy by the Republicans. This may convince those who want to be convinced, but it will not stand up under scrutiny. No President of the United States can create either a budget deficit or a budget surplus....
Published on Thursday 9th of September 2010 07:39:16 AM
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Posted by admin! / Under Frank Herbert's Dune
via Reaganite Republican
Published on Thursday 9th of September 2010 07:39:16 AM
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Posted by admin! / Under Frank Herbert's Dune
Congressional Democrats are staring into an abyss in November. Few deserve defeat more than Barney Frank, whose fingerprints are all over the subprime mortgage crisis. Yet Frank's district, comprising Boston's Back Bay and adjacent neighborhoods, is one of the most liberal in America. Voters there returned him to Congress even after the revelation that his live-in boyfriend was running a gay escort service out of his apartment. A subsequent boyfriend was a senior executive at Fannie Mae in the period during which Frank vigorously defended Fannie, while pushing banks to lend more to uncreditworthy home buyers. Could Frank be defeated...
Published on Thursday 9th of September 2010 07:39:16 AM
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Posted by admin! / Under Frank Herbert's Dune
Is Rep. "Too Sanguine" Frank now telling us that he didn't know that government-sponsored enterprises spewing out government-subsidized credit were a real risk for a credit meltdown? Either way, the chap who is parading himself before the world as chairman of the committee with responsibility for the financial markets should have known. It's not as if we haven't seen this sort of thing before, starting with the South Sea Company and the South Sea Bubble of 1720. Guess what: the South Sea Company was a government-sponsored enterprise, too. Here's another fine mess that liberals should have known about: ObamaCare. Back...
Published on Thursday 9th of September 2010 07:39:16 AM
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Posted by admin! / Under Frank Herbert's Dune
2 Zombies to Tolerate for a WhileBy ANDREW ROSS SORKIN Published: August 16, 2010 Representative Barney Frank was furious. **SNIP** On the television program that had stirred Mr. Frank, “Morning Joe” on MSNBC, the prevailing view was that any effort toward a resolution of Fannie and Freddie — government-created mortgage companies that were taken over by the government as the financial crisis mounted — had been put on the back burner during the overhaul of financial regulation. The consensus was that neither Democrats nor Republicans wanted to touch an issue that would dredge up decisions made by both parties over...
Published on Thursday 9th of September 2010 07:39:16 AM
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Posted by admin! / Under Frank Herbert's Dune
It was "dumb" for President Obama and his aides to promise that unemployment would not surpass 8 percent if the stimulus act passed... Rep. Barney Frank (D-Mass.), the chairman of the House Financial Services Committee, called into question the wisdom of projections issued by the Obama administration during the congressional fight over the stimulus bill that argued it would prevent higher levels of joblessness. Frank said Tuesday evening during an appearance on the Fox Business Network. "That was a dumb thing to do."
Published on Thursday 9th of September 2010 07:39:16 AM
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Posted by admin! / Under Frank Herbert's Dune
WASHINGTON (Reuters) - The Obama administration called for "fundamental change" at Fannie Mae and Freddie Mac, but a long, politically explosive debate lies ahead on the future of the bailed-out mortgage finance giants and U.S. housing policy. U.S. Treasury Secretary Timothy Geithner on Tuesday raised basic questions with housing industry leaders about the U.S. government's long-standing role in subsidizing and supporting the $10.7 trillion housing market. "It is not tenable to leave in place the system we have today," Geithner said at a conference hosted by the Treasury Department almost two years after the government seized Fannie Mae and Freddie...
Published on Thursday 9th of September 2010 07:39:16 AM
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Posted by admin! / Under Frank Herbert's Dune
"In light of the current fascist tactics that are being used by the Democratic Leftist Party on the National Health Care Legislation." Liberal Fascism, a book by Jonah Goldberg, is a must read for all prophetic seekers of Christ's Second Coming! This book is officially endorsed by The Ignorant Fishermen blog. Liberal Fascism historically documents the outworking, mindset and strategic game plan of the ideological phenomenon of liberal socialistic fascism in both the past and present. This insight is absolutely key to understanding present moods and trends on both a national and global scale. As prophetic events are unfolding right...
Published on Thursday 9th of September 2010 07:39:16 AM
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