Skip to comments.Barney Frank's Rental Reversal (Banking Queen: "people being pushed into buying houses")
Posted on 04/21/2009 6:07:45 PM PDT by Libloather
Barney Frank's Rental Reversal
April 21, 2009
RUSH: Now, we've got a couple Barney Frank spites here. He's always good for a couple sound bites. We thought about getting a Barney Frank translator in here but that would sorta destroy it. I mean, I can do it myself but sometimes it's better to leave Barney Frank un-translated. He was on Tavis Smiley's show, PBS, last night, and Smiley said, "What did you do today relative to low-income housing?"
FRANK: One of the causes of the terrible crisis we had over the last few years, which has given us today's problem, it came from people being pushed into buying houses --
FRANK: -- taking homes that they couldn't afford.
RUSH: Stop the tape. Who did that? Who pushed them to buy houses? Who pushed them? Who told these people (unintelligible) that they could buy (unintelligible) in there? It was you, it was Barney Frank and Bill Clinton, you pushed these people, you called the banks, you told them they should live in them when they couldn't really afford it. You did. (unintelligible) You did yourself, and now all of a sudden these people were preyed upon. Here's the rest of his answer.
FRANK: It was a conservative view that rental housing was a bad thing. I have been trying to continue programs to build descent rental housing.
FRANK: What we had were in people in power who didn't like that, and they said no, no, we'll help them become homeowners.
FRANK: People were pushing home ownership who shouldn't have been there. We have now, in Barack Obama, a president who understands this. But if you are low income in America, if you're poor, you probably are not going to be able to afford a home.
RUSH: Obama understands it? He's keeping 'em in the houses! We're paying the mortgages! It's called bailout or foreclosure to keep the bank from foreclosing on people with mortgages (unintelligible). Obama said they should not have been homeowners. Obama's ACORN forced them to be homeowners, Mr. Frank. This is unreal (unintelligible). I can't keep a straight face listening to this. The rest of the bite.
FRANK: I met with a group of people today who are very responsible advocates for building decent, affordable rental housing.
RUSH: Unbelievable. So now all of a sudden to hell with affordable home ownership being you own it, now affordable housing is you rent it, and then Travis Smiley sitting there like the dunce that he is, "I'm glad you're on the case," said Tavis Smiley, "but how does that lead to home ownership, because you can't tell me that you want to sell folks short on the American dream." Now, this ought to be good.
FRANK: I don't want to sell them short. I want to recognize, though, Tavis that they may come up short. Pretending people can do something they can't do is no favor for them. I wish we could do something about income inequality in America, and I'm for that. I would like to get better education all up and down the social sphere so people can earn more money. I'd like to bring down the cost of housing. But the point --
RUSH: It's come down! The cost of housing has collapsed, Mr. Frank, you have succeeded the cost of housing is so bad that it's destroyed people's equity in their homes, it's destroyed everything, it's at the root of the problems in the housing crisis. (unintelligible) You want to see housing prices come down, you made it happen, you made it happen, and Tavis Smiley sits there, yes, yes, yes. This is why we produced this song about you, Mr. Frank, because you're the architect of all of this. The song is you singing Banking Queen because that's what you are.
(playing of Banking Queen)
The lack of one, coupled with the mortgage deduction played a big role is this recent real estate bubble--even though it is rarely discussed. How many folks have bought homes when they should have rented, after their brokers and relatives told them "you are throwing your money away".
No. The perp blamed it on Conservatives, while turning ever so slightly to agree with the true conservative position on managing finances.......for the moment while it is convenient.
Are the lyrics to banking queen up anywhere? I can’t quite make them out through the extreme (accurate) garbled falsetto...
Elmer Fud in drag :)
“Bah, bah, bah bah! BAH BAH BAH BAH!!!”
speaking of “the perp,” didn’t Barney Frank plead in a molestation charge involving a page during the ‘80’s?
Is this guy just insane?! Does he think no one pays attention?
The deduction is an incentive to have a loan, rather than to buy your quarters outright.
someone needs to “fix him up” with perez hilton, maybe then they’d both go away.
I know people who take Tavis Smiley seroiusly.
They will reap what they sow.
You sound like you’re holding back on the group.
I think you are confusing him with another Representative from Massachusetts, with the (unbelievable) name of Gary Studds.
Was that “rental”, or “rectal”??
Who pushed what on whom?
“The perp admits his crimes? “
No. It will undoubtedly turn out that the evil banks and capitalists forced these poor people to buy homes they couldn’t afford. Barney Frank was, of course, doing everything he could to save them. But the evil banks were too powerful.
This is actually a very nice example of one of the left’s best tricks. They get the government involved in something and create a big problem. Then, they blame the problem on someone else and use the problem as a justification for more government intervention, thereby creating more crises that justify more government. Ratchet Ratchet Ratchet.
NOW, get the masses into affordable rental housing, and have massive land-grabs by the gov't when landlords cannot afford the demands and defaults from tenants who will be granted all types of rights under new laws.