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Stunning 2006 Barney Frank Video Surfaces (The Tulip Tapes)
Human Events ^ | Friday, May 7, 2010 | Connie Hair

Posted on 05/07/2010 6:19:17 PM PDT by kristinn

Link to page with YouTube Video.

(Video caption: Rep. Barney Frank (D-Mass.) speaking at a forum on national housing policy on December 11, 2006. Three weeks after making this speech at the Treasury Department, Frank became Chairman of the House Financial Services Committee.

Frank on Democrats taking over regulatory reform:

“You will see far less difference with Democrats taking over in the Financial Services regulatory area than in virtually any other area of public policy, because we did work together on things like regulatory relief and we have more to do yet in the deregulation. One of the things we did was try to reduce the reporting requirements from the banks to the financial detectives.

“Far too much has to be reported now in my judgment.”

On Fannie Mae and Freddie Mac:

“We weren’t doing anything for Fannie Mae and Freddie Mac. The issue for me was housing. We were doing something for housing. And I agreed with those who argued that because of the markets’ perceptions, Fannie Mae and Freddie Mac got this great benefit to be able to borrow money cheaply yet the benefit was not being adequately returned to the public.

“There were two things you could have done about that. You could have reduced the benefit. You could have cut back on their ability to borrow as cheaply or you could leave that benefit in place and distribute it more fairly. That’s what we chose to do with the affordable housing fund.”

On the housing bubble in 2006, two years before the housing bubble burst:

“I do want to address this thing about the bubble. I think the bubble is an entirely inappropriate metaphor. Let me just be very clear, houses ain’t tulips. Houses today even with the drop in housing prices are more valuable than tulips were however many years ago when we had the tulip business.”

On plummeting housing prices:

“I think it’s a good thing that housing prices are dropping. A few speculators get stung, that’s icing on the cake. The cake is… the cake is that people can afford to buy houses now. A 10% drop in housing prices is a good thing. Housing was over-valued.

“But let me make this distinction on why it’s not a bubble. I was just thinking about this [unintelligible]… maybe housing suffered from irrational exuberance. But bubbles in history haven’t been cases of irrational exuberance. They have been cases of exuberant irrationality. And there really is a distinction.

“Irrational exuberance means you get a little carried away with something that is basically a good thing. But exuberant irrationality is when you start thinking that tulips or some of those dumb ideas on the internet when there were some of those things that nobody in their right mind wanted to buy, those were excessive.”

On why housing prices plummeting is a good thing:

“Fundamentally I don’t think that there’s a crisis, and I do think that the end result in a 10% drop in many parts of the country will be a more rational and healthier housing market.”

And finally… Frank on his own ability to deal with “things.”

“I’m pretty good with words but I’m not so good with things. I’ve had a lifelong struggle with things. And the less I am responsible dealing with them the better off everybody is.”

Tell us something we didn’t already know.

(h/t Scott McKay)


TOPICS: Breaking News; Business/Economy; Crime/Corruption; Culture/Society; Government; News/Current Events; Politics/Elections; US: Massachusetts
KEYWORDS: 111th; 2006; bankingqueen; barneyfrank; bubble; corruption; democratcorruption; democrats; demofvipers; economy; fanniemae; frank; freddiemac; housing; housingbubble; liberalfascism; partyofcorruption; queerqueenofbutts; stunning; surfaces; tapes; tulip; video; vipers; wicked
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I think Barney Frank fragged himself.

In all seriousness, these statements by Frank are damning to him and the Democrats. It casts the financial crisis in a new light of responibility. Bill O'Reilly should be ready to blow a gasket over this on Monday--as should the rest of the country.

1 posted on 05/07/2010 6:19:17 PM PDT by kristinn
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To: kristinn
“Fannie Mae Chief Executive Officer Franklin Raines, two of his top underlings and select
individuals in the "green" movement were inventing a patented system to trade residential carbon credits.
Patent No. 6904336 was approved by the U.S. Patent and Trade Office on Nov. 7, 2006 --
the day after Democrats took control of Congress. Former Sen. John Sununu, R-N.H.,
criticized the award at the time, pointing out that it had "nothing to do with Fannie Mae's charter, nothing to do with making mortgages more affordable."

"It wasn't about mortgages. It was about greenbacks. The patent, which Fannie Mae confirmed it still owns with Cantor Fitzgerald subsidiary CO2e.com, gives the mortgage giant a lock on the fledgling carbon trading market, thus also giving it a major financial stake in the success of cap-and-trade legislation."

2 posted on 05/07/2010 6:21:36 PM PDT by Diogenesis (Article IV - Section 4 - The United States … shall protect each of them against Invasion)
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To: kristinn

We need to stay focused on November. we simply do not have enough votes to do much about it now.

It’s November or die.


3 posted on 05/07/2010 6:22:18 PM PDT by Tarpon ( ...Rude crude socialist Obama depends on ignorance to force his will on people)
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To: kristinn

bookmark.

The question isn’t if Bill blows a gasket. The question is if Bill covers it at all.


4 posted on 05/07/2010 6:23:32 PM PDT by IrishCatholic (No local Communist or Socialist Party Chapter? Join the Democrats, it's the same thing!)
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To: Tarpon

If you haven’t noticed, Barney Frank and the Democrats are up for reelection this November.


5 posted on 05/07/2010 6:24:10 PM PDT by kristinn (A conspiracy of silence speaks louder than words.)
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To: Tarpon
It’s November or die.

I like it. That should be our rallying cry!
6 posted on 05/07/2010 6:24:28 PM PDT by TSgt (We will always be prepared, so we may always be free. - Ronald Reagan)
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To: kristinn

Heh, kristinn thanks for cross-posting this on FR, this one is going to get juicy in the coming weeks.

I’ll leave it at that, Frank is on record along with all those Dems and Reps, and the businessmen who rent them out by the bill, and can be hoisted upon their own petards by the few media outlets not owned by the aforementioned businesses.


7 posted on 05/07/2010 6:24:42 PM PDT by JerseyHighlander
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To: kristinn
Nice find! His constituents should be proud!

Ready....Aim.....FIRE!

8 posted on 05/07/2010 6:25:31 PM PDT by RasterMaster (The only way to open a LIEberal mind is with a brick!)
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To: kristinn

Bubble? Oh, thath nothing. Do I think the thing is in trouble, I keep thinking, or maybe you keep athking? You did athk me, that, right? Well, let me thay no, I don’t think that thing ith in trouble, that mortgage, thing (unintelligible) but if it were in trouble, the Democrat Congreth would know and I am thure that I or thomeone, would (uninteligible) tell you.


9 posted on 05/07/2010 6:25:31 PM PDT by unspun (PRAY & WORK FOR FREEDOM - investigatingobama.blogspot.com)
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To: kristinn

>In all seriousness, these statements by Frank are damning to him and the Democrats.<

.
NOTHING can be damning to him and the RATs considering that they own the MSM.


10 posted on 05/07/2010 6:27:33 PM PDT by 353FMG (Islam -- America's road to destruction.)
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To: kristinn

Yep, but what are the odds that wasting money on Barney is going to do anything. Too many other high probablity targets.

But if you have the time, leave no stone unturned. I would love to see him back in the line.


11 posted on 05/07/2010 6:29:52 PM PDT by Tarpon ( ...Rude crude socialist Obama depends on ignorance to force his will on people)
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To: RasterMaster

Sadly, for the most part his constituents Are pathetically proud and they will continue to be when faced with the tornadoes of truth. Bwaney is their man.

Sick, twisted and pathetically ignorant...oops forgot dangerous


12 posted on 05/07/2010 6:30:39 PM PDT by acapesket
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To: kristinn
I've been blowing a gasket re bawney fwank for years. He describes libtards in a nutshell though; style(talk) over substance(doing). Wake up America!!!


13 posted on 05/07/2010 6:31:14 PM PDT by ForGod'sSake (You have just two choices: SUBMIT or RESIST with everything you've got!)
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To: kristinn

Read this with your best Mr. McGoo voice in mind, and you’ve only scratched the surface of what an idiot he sound like.


14 posted on 05/07/2010 6:34:07 PM PDT by fwdude (It is not the liberals who will destroy this country, but the "moderates.")
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To: kristinn

“or you could leave that benefit in place and distribute it more fairly. That’s what we chose to do with the affordable housing fund.””

So basically, Barney Frank WAS responsible for forcing bad loans to be made.
Talk about a smoking gun....


15 posted on 05/07/2010 6:34:34 PM PDT by HereInTheHeartland (Chairman Mao was a community organizer)
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To: kristinn

I love it when Dems and their friends across the aisle, Rinos, get caught telling the truth for a moment. Great find!


16 posted on 05/07/2010 6:38:15 PM PDT by SaraJohnson
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To: 353FMG

Our only hope is that the Obama zombies change channels, FROM Oprah and Judge Judy TO Fox news (Like that’ll ever happen).


17 posted on 05/07/2010 6:41:09 PM PDT by historyrepeatz
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To: kristinn

I usually don’t see the words stunning and Barney Frank in the same sentence.
And isn’t it humorous that his parents put an “R” in both his names :>)


18 posted on 05/07/2010 6:44:18 PM PDT by irishtenor (Tag line is on vacation.)
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To: kristinn

What is amazing is that there is a District so screwed up that they keep returning him to Congress.


19 posted on 05/07/2010 6:50:10 PM PDT by Anti-Bubba182
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To: kristinn

In all seriousness, these statements by Frank are damning to him and the Democrats.

I’m still amazed that people think that Democrats will be held accountable for anything. What planet are you from?
They’re going to label you a ‘homophobe’ and nothing you say,from that moment on, will be given any credibility .
‘Play the Game’


20 posted on 05/07/2010 6:53:24 PM PDT by griswold3
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To: Diogenesis
The patent, which Fannie Mae confirmed it still owns with Cantor Fitzgerald subsidiary CO2e.com, gives the mortgage giant a lock on the fledgling carbon trading market, thus also giving it a major financial stake in the success of cap-and-trade legislation."

Um, maybe not.

21 posted on 05/07/2010 7:05:09 PM PDT by Carry_Okie (The RINOcrat Party is still in charge. There has never been a conservative American government.)
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To: kristinn
I think Barney Frank fragged himself.

I think you have one letter too many in there.
22 posted on 05/07/2010 7:08:57 PM PDT by aruanan
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To: kristinn

Good find kristinn. But in the vastly empty collective mind of Dumbocrats and Obamanoids it won’t make any difference. I mean, this guy ran a homosexual bordello out of his house and the immoral Democrat Party didn’t care. The corrupt media in America runs interference and protects Democrats against all kinds of things that would be considered scandalous and career ending for conservative politicians.


23 posted on 05/07/2010 7:10:23 PM PDT by StormEye
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To: aruanan

I was thinking the same thing. Haa ha ha ha.


24 posted on 05/07/2010 7:12:18 PM PDT by GlockThe Vote
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To: kristinn

I’m a Realtor in the Florida panhandle and have been doing business here for 15 years. My sellers wouldn’t bemoan a 10% loss at this point. It’s the 60 and 70% losses that are destroying them. When you paid $500,000 for a property in 2004 and can only sell it for $130,000 six years later, life is not good. The only consolation is in knowing a lot of other people are in the same boat.


25 posted on 05/07/2010 7:15:56 PM PDT by caper gal 1 (If you're not part of the solution, you're part of the problem. Vote Conservative.)
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To: kristinn

Lord almighty...watching this video I can only think that the vampires have taken over this country..,and really much of the world.

Not all of it thank God.

November is a last chance to defang these zombies.


26 posted on 05/07/2010 7:22:19 PM PDT by eleni121 (For Jesus did not give us a timid spirit , but a spirit of power, of love and of self-discipline)
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To: kristinn

Hey Connie has been hitting them out of the park lately.


27 posted on 05/07/2010 7:29:18 PM PDT by Revel
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To: kristinn

I downloaded the video. This sort of thing has a way of disappearing from You Tube.


28 posted on 05/07/2010 7:37:47 PM PDT by mojitojoe (banking institutions are more dangerous to our liberties than standing armies. Thomas Jefferson)
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To: Tarpon

We need to stay focused on November. we simply do not have enough votes to do much about it now.

It’s November or die.

*******************

Yes.


29 posted on 05/07/2010 7:40:33 PM PDT by Psalm 144 (Let me be clear. The voluntary celebration of Cinco de Quatro is mandated in all 57 states.)
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To: kristinn

30 posted on 05/07/2010 7:40:36 PM PDT by Proud_USA_Republican ("The problem with socialism is that you eventually run out of other people's money.")
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To: AdmSmith; Berosus; bigheadfred; Convert from ECUSA; dervish; Ernest_at_the_Beach; Fred Nerks; ...

Thanks kristinn. Barney Frank isn’t the Teflon senator, but the K-Y accomplishes the same effect.


31 posted on 05/07/2010 7:49:29 PM PDT by SunkenCiv ("Fools learn from experience. I prefer to learn from the experience of others." -- Otto von Bismarck)
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To: kristinn
I think Barney Frank fragged himself.

yeah but where did he plant his twolips...ewww...

32 posted on 05/07/2010 7:50:54 PM PDT by Gilbo_3 (Gov is not reason; not eloquent; its force.Like fire,a dangerous servant & master. George Washington)
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To: Tarpon

Scott Brown won Frank’s district and did so decisively.

Maybe it MIGHT be worth a bit of effort, eh?


33 posted on 05/07/2010 7:52:47 PM PDT by perfect_rovian_storm (The worst is behind us. Unfortunately it is really well endowed.)
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To: Clinton's a liar

Great job Connie. And that was good story you did on the 401K’s the other day too.


34 posted on 05/07/2010 7:56:43 PM PDT by Revel
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To: kristinn

Great find!


35 posted on 05/07/2010 8:07:49 PM PDT by Buffalo Head (Illigitimi non carborundum)
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To: kristinn
“I’m pretty good with words but I’m not so good with things.”

That's because words aren't tethered to reality.

Things are.

Frank is clueless about reality. Where the rubber meets the road...

36 posted on 05/07/2010 8:57:04 PM PDT by DB
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To: kristinn
In all seriousness, these statements by Frank are damning to him and the Democrats. It casts the financial crisis in a new light of responibility. Bill O'Reilly should be ready to blow a gasket over this on Monday--as should the rest of the country.

Doesn't matter, because it will never be widely reported and thus the ignorant masses will never know. Reality is that you can lay almost the entire global economic crisis at the feet of U.S. Democratic politicians. They (at a minimum) encouraged lenders to make mortgage loans to people who had no chance of making the payments. That was bad enough and caused the mortgage crisis.

Even WITH the mortgage crisis, however, we did NOT have a larger economic crisis. The larger crisis was created by Democrats (politicans and the MSM) in order to swing the 2008 election. Unfortunately for the world, these idiots fanned the flames so much that a fictional crisis became very real. Now here we are, with yet more evidence coming out, and it won't matter one bit.

MM (in TX)

37 posted on 05/07/2010 9:03:04 PM PDT by MississippiMan (http://gogmagogblog.wordpress.com/)
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To: Proud_USA_Republican

http://www.youtube.com/watch?v=skU-jBFzXl0


38 posted on 05/07/2010 9:09:47 PM PDT by GraceG
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To: kristinn

Barney Frank wins in landslide!

-headline this Nov


39 posted on 05/07/2010 9:11:59 PM PDT by Tzimisce (No thanks. We have enough government already. - The Tick)
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To: kristinn

This is damning. This needs to be played over and over again on the airwaves...


40 posted on 05/07/2010 10:06:39 PM PDT by DBeers (†)
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To: Tzimisce

I thought Barney Fwank had announced he wasn’t running for reelection ?


41 posted on 05/07/2010 10:21:19 PM PDT by 1066AD
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To: DB
Frank is clueless about reality. Where the rubber meets the road...

Gross!

42 posted on 05/07/2010 10:49:58 PM PDT by webheart (I am a Sarah fan.)
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To: kristinn

Oh my goodness! I hope O’Reilly will be ready to explode over this on Monday, as he should be. We’ll see what he’s really made of, I guess. If he exposes it, the rest of the country will know about it.

Thank you so much for this posting!

I’m saving it to show some people who don’t agree with me. ;o)


43 posted on 05/07/2010 11:11:06 PM PDT by dixiechick2000 (Remember November...I can see it from my house!)
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To: 1066AD; GOPsterinMA; Impy; Clintonfatigued; fieldmarshaldj; Coop; Crichton; yongin; Clemenza; ...

The rumor that Barney Frank was retiring came from Laura Ingraham, who said that her sources told her that Frank would not seek reelection. Frank denied the rumor at the time, and it was noted that were he to retire he would announce it prior to the filing deadline (sometime in June) so that the RATs could get a good candidate on the ballot and hold the seat (the only RAT currently seeking the nomination apart from Frank is a Lyndon LaRouche supporter).

Has anyone heard anything recently about the MA-04 race and whether Frank is staying in?


44 posted on 05/07/2010 11:21:53 PM PDT by AuH2ORepublican (If a politician won't protect innocent babies, what makes you think that he'll protect your rights?)
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To: webheart

Well...

I was going to say “no pun intended”...

But...


45 posted on 05/07/2010 11:30:22 PM PDT by DB
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To: kristinn
I think Barney Frank is the tulip! YIPES!!!

"But bubbles in history haven’t been cases of irrational exuberance. They have been cases of exuberant irrationality. And there really is a distinction."

My line of work requires that I have good and thorough knowledge of spoken or written bullsh*t intended to snow people -- how to spot it, how to spin it, how to avoid it, how to use it.

This guy is so far gone into bullsh*t that he has lost touch with reality. His world is made of sugar cubes, with reality being water.

He's going down. I don't know when, maybe sooner, maybe later, but inevitably, he isn't going to fade away or evolve, he's going down.

46 posted on 05/08/2010 1:15:33 AM PDT by Finny ("Raise hell. Vote smart." -- Ted Nugent.)
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To: perfect_rovian_storm
Scott Brown won Frank’s district and did so decisively.

JUST THE OTHER DAY, BWANEY SAID HE WAS "DEFINITELY" RUNNING FOR REELECTION Frank acknowledged that it may be a tougher race than he’s used to. “But, if I want to get re-elected it’s my job to talk about the issues and my record, and that’s the nature of democracy,” he said. Fierce competition or not, Frank said he will “definitely” seek re-election this November.

Bwaney Frank’s 4th congressional district went overwhelmingly for Scott Brown; just five of the 24 cities and towns voted for Coakley.

NOT HIS DECISION TO MAKE What this self-absorbed Lipless Wonder failed to fathom is that his constituients (including those townhallers he sneered at) will decide whether he was fit to run for reelection.

Brown's election gave Fwank his answer loud and clear: "GET OUT---WE DON'T WANT YOU REPRESENTING US."

=======================================

NOTE Fwank was (you should excuse the expression) sucking up to hyphenates..........addressing the "National Association of Hispanic Real Estate Professionals," and the "Asian Real Estate Association of America."

Guess Fwank was forced to suckup to hyphenates when the financial industry didn't come across w/ campaign donations .....ROTFL.

47 posted on 05/08/2010 2:27:49 AM PDT by Liz (If teens can procreate in a Volkswagen, why does a spotted owl need 2000 acres? JD Hayworth)
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To: kristinn

The real question is, how did it take so long for this video to surface?

There should be Congressional aids out the wazoo searching through old CSPAN and media tapes looking for any time of slip-up from a major Democrat.


48 posted on 05/08/2010 2:32:03 AM PDT by ATX 1985 (Time is Breath, Breath is Light, Light is Life)
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To: kristinn

Frank is one nasty individual.


49 posted on 05/08/2010 4:30:37 AM PDT by b4its2late (Why does a slight tax increase cost you $200 and a substantial tax cut save you 30 cents?)
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To: Liz
Frank acknowledged that it may be a tougher race than he’s used to. “But, if I want to get re-elected it’s my job to talk about the issues and my record, and that’s the nature of democracy,” he said. Fierce competition or not, Frank said he will “definitely” seek re-election this November.

I can just picture him spitting all over the place as he says this crap. He wouldn't know democracy if it hit him in the face.

50 posted on 05/08/2010 4:34:28 AM PDT by b4its2late (Why does a slight tax increase cost you $200 and a substantial tax cut save you 30 cents?)
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