Skip to comments.Barney Frank haunted by 2003 remarks on lenders ("I was wrong on both counts.")
Posted on 10/14/2010 8:39:51 PM PDT by Libloather
Frank haunted by 2003 remarks on lenders
Published: Oct. 14, 2010 at 9:39 PM
BROOKLINE, Mass., Oct. 14 (UPI) - Remarks about Fannie Mae and Freddie Mac by U.S. Rep. Barney Frank, D-Mass., during a 2003 committee hearing have become a campaign issue in 2010.
Frank said then that the two government enterprises were strong enough to withstand any threats -- and that if they did get into trouble they would not get a government bailout. Sean Bielat, the Republican seeking Frank's seat, has a clip from 2003 on his campaign Web site, "Retire Barney," and Frank has been struggling to explain himself, The Boston Globe reports.
Frank acknowledges what he said in 2003 was "wrong on both counts." He said he was defending Fannie and Freddie because he was afraid the Bush administration wanted to shut them down.
Armando Falcon, who headed the government office in charge of overseeing Fannie and Freddie, reported in early 2003 that both had taken on too much risky debt. Both President Bill Clinton and his successor, George W. Bush, had pushed Fannie and Freddie to expand acquisition of mortgages to expand home ownership.
Bielat calls Frank "one of the leaders of economic disaster" but Peter Morici, a conservative leaning University of Maryland economist, called the mortgage crisis a "bipartisan mess.''
But he is a homosexual and if a homosexual runs the economy, there is diversity and if there is diversity, how can the economy fail?
Which would have helped if it had happened back then.
That is one scary picture!
You don’t know where that finger has been!
You were wrong on both counts, and if someone in the private sector had made a mistake this big, you’d be demanding to see his ass in a prison cell.
But with you it’s supposed to be “oh, look, he admitted he was wrong, let’s send him back to DC for another 30 years.”
Not this time, Barney.
I’m sorry, but even if I were a homosexual (which I am decidedly not), that is not the face of a man with whom I would want to fornicate. What is with those people anyway?
“Barney Frank haunted by 2003 remarks on lenders”
Typical politician, talking from both sides of his mouth. When the chips are down and you are backed into a corner, its time to admit you were wrong, and make yourself the victim? he has hopes that those who were for him, will come to his rescue. He won’t change, its time for him to go, but will he??
>>You dont know where that finger has been!<<
Or that mouth.
Fwog marth??? Ooooooh, I’m all earws!!
Good lord, Bawney is such a freak.
How many counts are you guilty on, Bawney?
Investigate, indict, and prosecute. Barney will love prison.
I'll bet he would....
Nov. 2...National Take Out The Trash Day.
Lets be accurate. That is NOT what he said.
Here is Barney Frank’s exact quote:
“I was Wong!”
Hey, UPI! We don't need you to describe the quotes - just provide them. Otherwise, like this article, the clear intent is to omit the actual quotes to minimize the damage the actual quotes would do.
There is no excuse for these skimpy articles on the net where space is NOT a premium but (when trying to expose the truth) an asset.
It wasn’t just in 2003 - here he is again in 2004:
Gee Bawarney, at post #9, it looks like something left a bad taste in your mouth!!!!!
What could it have been??
You can’t see his face from the homo position.
I’m skeptical. It is Masshole after all. Alas, after getting a Republican post Kennedy I just don’t expect lightening to strike twice.
The other shoe is the fact that Fannie and Freddie were not included in the financial reform package and we are still on the hook for billions of dollars..A great ad would be wrong then wrong now, cost to the tax payers $BILLIONS$
“He said he was defending Fannie and Freddie because he was afraid the Bush administration wanted to shut them down.”
“Both President Bill Clinton and his successor, George W. Bush, had pushed Fannie and Freddie to expand acquisition of mortgages to expand home ownership.”
I’m not sure either of these statements are true. While I remember Pres Bush wanting home ownership for many, I also remember various reports in which he and his administration wanted to reform it and warned about the direction it was headed. He and his admin got slammed by the Dims for the warnings.
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