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Barney Frank Busted--- 2005 Speech Nails Him To Housing Collapse (Video)
http://gatewaypundit.blogspot.com/2009/04/barney-frank-busted-2005-speech-nails.html ^ | April 24, 2009

Posted on 04/24/2009 9:58:35 AM PDT by Steelfish

Friday, April 24, 2009 Barney Frank Busted--- 2005 Speech Nails Him to Housing Collapse (Video)

In an amazing display of dishonesty, Barney Frank claimed this week that conservatives were to blame for pushing unqualified buyers into home ownership.

But, Verum Serum dug up video from 2005 that shows that not only was Frank oblivious and in full denial of the housing bubble, but Frank also admits in the speech that he will continue to push for home ownership:

Via Verum Serum

Here is Rep. Barney Frank (D-Mass.) on June 27, 2005 on the House Floor:

"Those who argue that housing prices are now at a point of a bubble seem to me to be missing a very important point. Unlike previous examples we have had when substantial excessive inflation of prices later caused problems we are talking here about an entity, home ownership, homes where there is not the degree of leverage where we have seen elsewhere. "

"This is not the dot-com situation. We had problems with people having invested in business plans of which there was no reality; people building fiber optic cables for which there was no need. Homes that are occupied may see an ebb and flow in the price at a certain percentage level. But you're not going to see the collapse that you see when people talk about a bubble and so those of us on our committee in particular will continue to push for home ownership."

Barney Frank knows he was a major player in creating the housing bubble that sent the economy into a tailspin after its collapse. It is disgusting that he would hold interviews today and lie about his role and have the gall to blame it on conservatives.

(Excerpt) Read more at gatewaypundit.blogspot.com ...


TOPICS: Front Page News; Government; US: Massachusetts
KEYWORDS: barneyfrank; cultureofcorruption; democratscandals; lyingliar; revisionisthistory; rollthetape; stalinisttactics; willfulneglect
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1 posted on 04/24/2009 9:58:35 AM PDT by Steelfish
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To: Steelfish

...with as much lying as he’s done, how is it that Barney Frank hasn’t been tried for perjury?


2 posted on 04/24/2009 10:02:49 AM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: Steelfish

“That’s nwot mee. Thwis is a hit pwiece by the repubwicans.”


3 posted on 04/24/2009 10:03:11 AM PDT by nhwingut
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To: Steelfish

Bawny,Bawny,Bawny, what are we going to do with you? I GOT A COUPLE THOUGHTS!


4 posted on 04/24/2009 10:03:54 AM PDT by peace with honor
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To: Steelfish

How do they make sense of anything he says? Is his translator Sylvester the cat?


5 posted on 04/24/2009 10:05:08 AM PDT by redhead (REMEMBER DAN'S BAKE SALE!!!)
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To: OneWingedShark

btt more proof


6 posted on 04/24/2009 10:05:11 AM PDT by KSCITYBOY
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To: Steelfish

If you want the public to believe a lie, make it a big one. Slick W. knew this well.


7 posted on 04/24/2009 10:06:21 AM PDT by Huskrrrr
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To: Steelfish

I’ve seen that video... that video would put Us in JAIL.

Thus the trouble... that video has been played for and TO Mr. Lightloafers, and he flat out ... eyeball to eyeball.. DENIED HE EVER SAID THAT.. shown to him AGAIN... he DENIED IT ... AGAIN

is he afflicted with Massachusettsitis?? Look at what they send to Washington... it has to be AIRBORN and CONTAGIOUS!


8 posted on 04/24/2009 10:06:29 AM PDT by gwilhelm56 (Orwell's 1984 - To Conservatives, a WARNING - to Liberals, a TEXTBOOK!)
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To: Steelfish

What he said then is not important. It’s what he says now that has meaning. //Sarc//


9 posted on 04/24/2009 10:06:57 AM PDT by PurpleMan
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To: Steelfish

Just proving my tagline again, and again......


10 posted on 04/24/2009 10:06:58 AM PDT by b4its2late (Ignorance allows liberalism to prosper.)
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To: Steelfish

This is what libs do...

They pushed for “rights” (right to own a home) for minorities and so on. Must not have redlining!!!

When it came crashing down, they (and their lib media accomplices) blamed it on conservatives and then propped themselves up as the solution to the problem that they created in the first place.

Their solution? Even more socialism.


11 posted on 04/24/2009 10:08:00 AM PDT by Laissez-faire capitalist (Keep working! Welfare cases and their liberal enablers are counting on you!)
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To: Steelfish
In an amazing display of dishonesty, Barney Frank....

Not amazing -- fully expected. Barney "less than" Frank is a veritable lie/steal/cheat machine. ...and one who belongs in prison for the remainder of his vile, putrid life.

12 posted on 04/24/2009 10:09:43 AM PDT by Mr. Mojo
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To: OneWingedShark
with as much lying as he’s done, how is it that Barney Frank hasn’t been tried for perjury?

Easy answer. We are now under the communists King Obama and his corrupt RAT party. This communists leadership will not prosecute one of their own. Take close look at the crooks that have been exposed now and nothing done.

13 posted on 04/24/2009 10:10:12 AM PDT by Logical me (Oh, well!!!)
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To: Steelfish
why waste your time posting this. You could have him saying flat out ON VIDEO that , "All democrats are lying weasels that want the destruction of the United States."

he would come out and say that he was taken "out of context" or " the right wing nazis are just posting this video out of hate." or say that he never really said it but was just part of a larger topic.. etc...

That's what they do. They no longer care if they lie, cause there are NO CONSEQUENCES if they do. Not shame, voters in their disgusting districts vote them in and that's that.

Murtha, Franks, Pelosi, Chet Edwards and on and on... all these hypocrites and thieves are just riding the voter scam/cheat into office and letting the bullsh#t fly. As long as they "get theirs" they could care less.

14 posted on 04/24/2009 10:12:09 AM PDT by erman (Outside of a dog, a book is man's best companion. Inside of a dog, it's too dark to read.)
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To: Steelfish
How do they make sense of anything he says?

That's the thing, much of the public has no idea what he's talking about so they give him the benefit of the doubt. Americans are too forgiving.

15 posted on 04/24/2009 10:14:39 AM PDT by TheThinker (Obama giggles at America's problems.)
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To: Steelfish
Well, that was then, is is a different is now! Y'all just don't understand, everything is relative!

If we could understand this we'd all be democrats!

16 posted on 04/24/2009 10:16:22 AM PDT by SWAMPSNIPER (THE SECOND AMENDMENT, A MATTER OF FACT, NOT A MATTER OF OPINION)
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To: Steelfish

And the people in his home state are dumb enough to keep voting him in AGAIN and AGAIN and AGAIN and AGAIN.


17 posted on 04/24/2009 10:16:51 AM PDT by chippewaman
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To: Steelfish

Send this to Bill O’Reilly — he delights in exposing Frank for the criminal he is, so he very well may play the video on the air.


18 posted on 04/24/2009 10:21:16 AM PDT by Mr. Mojo
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To: OneWingedShark
...with as much lying as he’s done, how is it that Barney Frank hasn’t been tried for perjury?

Same reason Sandy Berger hasn't been prosecuted for stealing and destroying classified documents -- high-profile libs regularly get away with murder.

19 posted on 04/24/2009 10:22:14 AM PDT by Mr. Mojo
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To: Steelfish

Barney is an expert at blame shifting. He will quickly shift the argument to something he knows about and then blame shift.
It is a defense mechanism he probably developed as a child growing up in denial.
It is amazing that he gets votes and is elected.


20 posted on 04/24/2009 10:23:02 AM PDT by voveo
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