New Ad Ties Barney Frank to Fannie & Freddie

TheBlaze.com ^ | 10-25-2010 | Meredith Jessup

[FreepShop1]

About time someone made an ad like this. (posted on TheBlaze.com). No hype, not even a voiceover. Just the facts, which are absolutely damning. I would suggest the makers of the ad adapt it to go NATIONAL. Could do a lot of damage to Dems. For now, to help run it to defeat Barney Frank, use donation link below:

"BETRAYED OUR TRUST"

[JaguarXKE]

Yeah, and we know who's fannie he loves!

[sonnysteelgrave]

Scott Brown carried Barney Frank's district by 7 points. There are lots of middle and working class voters there who will react with fury at an ad like this. That's why I am supporting it.

Scott Brown won several districts be at least 7% points, but the 4th (Barney's district wasn't) on of them. He did win the district (barely) by less than 1%. This is a tough race for an R. Doable this year, but still very tough.

[Notwithstanding]

Herb Moses recently started working for the FDIC.
See post #10, above.

[ETL]

Herb Moses recently started working for the FDIC [Federal Deposit Insurance Corporation]. See post #10, above.

Thanks. I'll check it out.

[chuckles]

....."Barney Frank is the single most responsible person"....

For more responsible names go to You Tube and search for "Burning Down The House". There is one video that has been removed and put back up a thousand times with damning comments by Dems trying to cover up Fannie and Freddie bankruptcy. Even to the point of calling the Bush era investigation of Fannie a "lynching" when they asked Frank Raines about the "books". A few weeks later, Raines resigned with $90 million take home and the "books" were audited for 5 previous years and found to be bogus. Enron went to prison for a tenth of the money and Raines went to Obama's economic team.

[VOA]

bump

[Little Ray]

How much did Kennedy carry that district by, when he was (sorta) alive? Because that is what is behind slobbering Barney - the incumbent factor.
Hopefully, I’m wrong and “incumbent” is a check against Frank, but I wouldn’t bet anything I couldn’t afford to lose on it.

[zeugma]

BFL

[hoosiermama]

Who has the MA list? Needs supporting and repeating:...Scott Brown carried Barney Frank's district by 7 points. There are lots of middle and working class voters there who will react with fury at an ad like this...

[EQAndyBuzz]

“And probably to Freddy’s fannie as well.”

Not to mention Mac’s fannie.

[EQAndyBuzz]

“If there were any justice at all Frank would be behind bars.”

If there were a justice department, Frank would be behind bars.

[stephenjohnbanker]

” But Frank has hauled in thousands from top execs at Bank of America, Citizens Bank, Wainwright Bank, JP Morgan Chase and other institutions that received billions in TARP money. “

This should comprise most of the advertising against Frank. Wrap it around his neck.

[CutePuppy]

Excerpt from the review of the Inside Job, a movie by the "progressive" filmmaker Charles Ferguson (filmmaker of another documentary, No End in Sight - a liberal's view of the U.S. conduct in the Iraq war) by a fairly liberal but very well grounded economically Gene Epstein:
Movie Review: Inside Job - Misdirected Outrage - B, by Gene Epstein, 2010 October 23

< snip > ..... In fact, contrary to the message of the film, securitization and the associated use of that now-anathematized investment instrument, derivatives, can be beneficial. For example, the activity of securitizing credit-card debt has been functioning for decades. Much depends on the underlying assets on which the derivatives and securities are based. When they are subprime mortgages, you just might have a problem.

Barney Frank has left a long trail as an aggressive supporter of the government-sponsored enterprises Fannie Mae and Freddie Mac, financial institutions that did not originate mortgages, but only bought them in the secondary market. The basic nature of the GSEs' business was therefore securitization, and increasingly of the subprime kind, which Frank extolled.

According to a front-page story in the Boston Globe, run the day before the Globe critic posted his rave of Inside Job, Congressman Frank actively opposed initiatives in 2003 and '04 to rein in Fannie and Freddie through tighter regulation ("Stance on Fannie and Freddie Dogs Frank," Oct. 14). "He and other House Democrats," reported the Globe, "also sent a letter to President George W. Bush in June 2004, saying the proposed crackdown could 'weaken affordable housing performance by emphasizing only safety and soundness.' ..... < snip >

I am not holding my breath on a few ads like this making a difference in Frank's district, though miracles do happen in Massachusetts.

[Liz]

Nice research.

Barney Frank has left a long trail as an aggressive supporter of the government-sponsored enterprises Fannie Mae and Freddie Mac, financial institutions that did not originate mortgages, but only bought them in the secondary market. The basic nature of the GSEs' business was therefore securitization, and increasingly of the subprime kind, which Frank extolled.

According to a front-page story in the Boston Globe, run the day before the Globe critic posted his rave of Inside Job, Congressman Frank actively opposed initiatives in 2003 and '04 to rein in Fannie and Freddie through tighter regulation ("Stance on Fannie and Freddie Dogs Frank," Oct. 14). "He and other House Democrats," reported the Globe, "also sent a letter to President George W. Bush in June 2004, saying the proposed crackdown could 'weaken affordable housing performance by emphasizing only safety and soundness.' ..... < snip >

[neverdem]

Who has the MA list?

cgk links UPDATED MASTER List of FReeper PING LISTS; Vol. VIII - SPRING Edition! from cgk's homepage. It has not been updated since April 04, 2007. I'm not aware of any MA list.

[stephenjohnbanker]

Good job!