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STATEMENT OF CONGRESSMAN BARNEY FRANK ON POOLE'S COMMENT ON THE GSES (2006)
House Committee on Financial Services ^ | November 16, 2006

Posted on 09/30/2008 12:34:53 PM PDT by mnehring

Washington, DC- Congressman Barney Frank today made the following statement after reading press reports of Federal Reserve Bank of St. Louis President William Poole on the Government Sponsored Enterprises (GSE):

"I am disappointed to read press reports of Mr. Poole's comments questioning the very existence of the GSEs. It is clear from his comments today that there is a lack of understanding of the importance of the GSEs to affordable housing and mortgage markets. I hope we can work together to strengthen and reform the GSEs so that their core mission is not compromised, and we can ensure that affordable housing in this country in not placed on the endangered species list."


TOPICS: Business/Economy; Government
KEYWORDS: bailout; frank; gse; oaw
Barney Frank's hands are all over this mess...

Also see:
# In 2004 Barney Frank blocked changes to CRA that would have prevented this mess- http://www.freerepublic.com/focus/f-news/2094167/posts

# In 2004, Barney Frank and Nancy Pelosi (76 Dems total) wrote a letter to President Bush complaining he was scaring the public with warnings on GSEs- http://www.freerepublic.com/focus/f-news/2094156/posts

1 posted on 09/30/2008 12:34:54 PM PDT by mnehring
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To: petro45acp; holdonnow; Danae; Ol' Dan Tucker; pissant

Ping..
Frank is just a gift that keeps on giving..


2 posted on 09/30/2008 12:37:15 PM PDT by mnehring
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To: Lusis; Cinnamontea; IrishMike; lildoc511; God luvs America; piytar; mainestategop; JFC; mmanager; ..

OAW Ping...
More related to the previous two pings.


3 posted on 09/30/2008 12:37:55 PM PDT by mnehring
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To: mnehrling
Totally serious investigaqtion with hilarious headline:

Is this the Herbert M. Moses behind Barney Frank's mounting Fannie scandal that is about to erupt?

Herbert M. Moses

4 posted on 09/30/2008 12:39:00 PM PDT by Notwithstanding (Obama/Biden: the "O" stands for Zero Executive Experience & Zero Accomplishments)
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To: mnehrling

Ah, the true meaning of freedom, the ability to actually READ the words and see the signatures on the documents themselves.


5 posted on 09/30/2008 12:42:38 PM PDT by Danae (Read my Lipstick: I AM Sarah Palin)
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To: mnehrling

What a fitting representative and spokes-entity of the democrat party he truly is.


6 posted on 09/30/2008 12:44:40 PM PDT by Iron Munro (Will Rogers: Every law Congress makes is a joke and every joke they tell becomes a law.)
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To: mnehrling

I wonder if his boyfriends roll him in flour and look for the wet spot.


7 posted on 09/30/2008 12:45:12 PM PDT by pissant (THE Conservative party: www.falconparty.com)
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To: mnehrling

http://www.stlouisfed.org/news/speeches/2003/3_10_03.html

Housing in the Macroeconomy

William Poole*
President, Federal Reserve Bank of St. Louis

Yea, apparently Barney knows more than a FED CHAIRMAN. Barney, go to JAIL, go DIRECTLY to Jail.


8 posted on 09/30/2008 12:46:18 PM PDT by Danae (Read my Lipstick: I AM Sarah Palin)
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To: mnehrling

Frank is just a gift that keeps on giving....rather like herpes.


9 posted on 09/30/2008 12:48:15 PM PDT by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: mnehrling
we can ensure that affordable housing in this country in not placed on the endangered species list."

Affordable housing IS available in this country. It is called RENTING! (From Rush today...)
10 posted on 09/30/2008 1:04:04 PM PDT by Eagle of Liberty (MCCAIN/PALIN '08!!!!!)
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btt


11 posted on 09/30/2008 1:40:06 PM PDT by mnehring
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To: Notwithstanding

I’ve heard of a “wraparound” home loan but Moses looks like he might be more familiar with a “reacharound”.


12 posted on 09/30/2008 2:03:37 PM PDT by Ben Hecks (Obama: Fixing the financial crisis is above my paygrade)
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To: Arthur Wildfire! March

Ping


13 posted on 09/30/2008 2:27:05 PM PDT by mnehring
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To: mnehrling

Don’t worry Barney Frank has your ass-ets covered!!!


14 posted on 09/30/2008 2:29:36 PM PDT by Popman (McCain as POTUS is odious, Obama as POTUS is unthinkable.)
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