Posted on 10/06/2008 6:19:18 PM PDT by Sub-Driver
Barney Frank: Conservatives trying to blame economic woes on blacks By Jerry Kronenberg | Monday, October 6, 2008 | http://www.bostonherald.com | Business & Markets
U.S. Rep. Barney Frank claims conservatives are trying to partly blame the nation’s economic woes on black people.
“This is an effort I believe to appeal to a kind of anger in people,” Frank, a Newton Democrat who chairs the House Financial Services Committee, today told a Boston foreclosure-prevention forum.
Frank charged that conservatives aim to shift blame for the market meltdown away from Wall Street and toward minority-lending laws like the federal Community Reinvestment Act.
“The bizarre notion that the Community Reinvestment Act . . .
(Excerpt) Read more at bostonherald.com ...
Fwank is the scum of eawth. The lowest of the low.
The MSM will try to cover this up and run a bunch of bogus reports from liberal universities that say that CRA and Freddie Mae and Freddie Mac had nothing to do with it. The republicans are going to have to come out and expose it for what it is and hit hard on it or the MSM will get away with spinning it.
Bwaney must have taken the wrong turn on his trip to Chocolate City. Perhaps he should not have used the Hershey Highway.
Hey Bawney, we’d tell you what to do w/your racist card but you’d probably like it. That card cost us $850 Billion so lets hope you end up behind bars where you will have a wonderful time.
Pray for W, McCuda and Our Troops
it’s called identity politics.
Black eye from the gayguy.
Race card alert.
As a point of agreement, the F&F loans and their implicit govt guarantee made it virtually certain this would happen someday. Credit prices need to be set by the market not by the govt. But the biggest error in credit pricing was Greenspan's.
True, and there is truth to the root of the problem being govt meddling. But you can't spin it yourself and maintain credibility. Either Greenspan set rates just right, or too high or too low. The answer is pretty clear when you look at the 51T in debt (nonfinancial) that we have built up.
Are we blaming the blacks, or the Dems who give them every handout they can think of to buy their votes? Or, are we blaming the people who voted them in because of everything they promise?
This shoe fits a lot of people.
I think most people here are bright enough to know that these problems were created on Wall Street and in some "inventive" boardrooms. BUT. Fannie and Freddie were the two entities authorized by congress and directly within their purview to regulate. They didn't do their job, and in the case of Barney Frank, actively interfered with regulation that would jeopardize their pseudo welfare program.
Frannie & Freddie may not be the eye of the storm, but just like a hurricane needs the Ocean to feed them energy, Fannie & Freddie keep feeding Wall Street with bad paper. Lawmakers should have put an end to it and this may have died down to a tropical storm.
I just saw on O’Reilly that Barneyas taking it in the fanny from his gay lover, an executive at Fannie.
Cheap money from the fed played a role in it too, no doubt.
No, conservatives are laying the blame at the feet of the non-colorblind party: The DEMS.
Barney, take the advice of Pam Anderson.
Suck it.
Ah, don’t be so hard on yourself. I think of a certain Bible verse every time I see Barney on t.v. prancing around the floor of Congress, along with several others . . . .
“The wicked walk on every side when evil men are exalted.” In Proverbs I think.
I do not wish anyone dead or hurt, but it seems like those old decrepit hard cases in government never die, and they never fade away either. Witness, Teddy Kennedy. In “public service”, even after they’re dead and then they’re just stuffed, preserved and propped up in their chairs in their legislative offices, then when their bodies are around a hundred years old, it is announced that they have gone on to their reward and given a fancy funeral.
“I think most people here are bright enough to know that these problems were created on Wall Street and in some “inventive” boardrooms.”
WRONG. DEAD WRONG! This problem was NOT created on Wall Street. It was created by the democrat congress. Wall Street just helped once the welfare plan was put in place by the democrats.
Bankers and Wall Street don’t loan money to people who have bad credit and don’t have the means to pay it back. That is a recipe for bank failure and it is banking 101 that all bankers know. The banks were pressured to make the loans by the CRA and Freddie Mae and Freddie Mac created the market to sell them, so the banks went along with it.
Greenspan and the fed were part of the problem, the democrat welfare CRA and Freddie Mae and Freddie Mac are the heart of the problem. Cheap money alone does not cause the problem. It only exbasterated it after the democrat welfare plan was put in place.
Do they have enough GREEN or access to GREEN or a history of responsibility with GREEN to pay up?
He might LOVE prison.....
“Wink, wink. Nudge, nudge...”
So Barnyard - are you telling us that the car was upside down when you got here like the guy in the country song explaining to the officer?
(Upside Down-Tommy Alverson:
The car was upside down when I got here
I left it right side up some time ago
Some kids drove by and poured something all down my shirt,
It might have been tequila, I dont know.
I just stepped in the woods for a midnight prayer,
I dont know what went down while I was not here.
That stop sign was on the windshield when I bought the car
And the car was upside down when I got here. )
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