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Frank and Gingrich keep sparring over whos to blame for the subprime mortgage crisis
Boston Globe ^ | Nov 16, 2011 | Alex Katz

Posted on 11/17/2011 6:08:46 PM PST by bkopto

A war of words between US Representative Barney Frank and Republican presidential candidate Newt Gingrich reached new heights today after a report that the former Speaker of the House earned at least $1.5 million in consulting fees from mortgage giant Freddie Mac.

It all started in October, when Gingrich during a GOP debate suggested that Frank should be imprisoned for his role in the subprime mortgage crisis. “If you want to put people in jail ... you ought to start with Barney Frank and Chris Dodd,” he said, referring to the Newton Democrat and the US senator from Connecticut. Then, following a report by Bloomberg News about Gingrich’s consulting fees from the mortgage agency, Frank today denounced Gingrich as “fundamentally intellectually dishonest.”

“He’s a man with no ethical core whatsoever,” Frank said of Gingrich in an interview with the Globe. “There are a number of conservatives whom I respect … Newt’s just never had any principles, so no I’m not surprised about this at all.”

(Excerpt) Read more at boston.com ...


TOPICS: Front Page News; Politics/Elections
KEYWORDS: frank; gingrich
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1 posted on 11/17/2011 6:08:48 PM PST by bkopto
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To: All


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2 posted on 11/17/2011 6:10:15 PM PST by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: bkopto

Hotbottom did it.


3 posted on 11/17/2011 6:11:43 PM PST by ROCKLOBSTER ( Celebrate Republicans Freed the Slaves Month.)
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To: musicman

The Mass-of-two-sh@ts continues to re-elect this D-bag. Incredible!


4 posted on 11/17/2011 6:13:04 PM PST by Huskrrrr
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To: bkopto

As long as this story is out there, more people know about Frank’s malfeasance. His responses show he’s getting nervous.


5 posted on 11/17/2011 6:18:50 PM PST by Darkwolf377 (Obama: The stupid person`s idea of a smart person.)
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To: bkopto
"who’s to blame for the subprime mortgage crisis"

Who can forget Sen. Chuck "You better get your money out of WaMu, it's going bust" Schumer?

yitbos

6 posted on 11/17/2011 6:18:50 PM PST by bruinbirdman ("Those who control language control minds." -- Ayn Rand)
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To: bkopto
Photobucket

How could anyone doubt the word of anyone who can make Nancy so happy to be facing him?

7 posted on 11/17/2011 6:19:45 PM PST by EGPWS (Trust in God, question everyone else)
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To: ROCKLOBSTER
Frank today denounced Gingrich as “fundamentally intellectually dishonest.”

“He’s a man with no ethical core whatsoever,” <<<

“Hotbottom” has spoken!....lol

if he had advertised as “Horny Heterosexual” he would have been impeached from Congress!....Think about it!

8 posted on 11/17/2011 6:19:57 PM PST by M-cubed
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To: bkopto

i’d love to see frank and dodd in jail.


9 posted on 11/17/2011 6:20:21 PM PST by ken21
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To: bkopto

Barney Frank talking ethics???.. ethics???...

He might getting ethics lessons from Charlie Rangle..
I’m not sure Frank can even pronounce the word “ethics” correctly..

Entering into a conversation with a democrat..
Is like falling down a bunny hole.. Barney looks increasing like the Mad Hatter..


10 posted on 11/17/2011 6:23:05 PM PST by hosepipe (This propaganda has been edited to include some fully orbed hyperbole...)
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To: bkopto

There is a divine intervention here though in that Bawney Fwank can’t pass on his genes...


11 posted on 11/17/2011 6:24:21 PM PST by quantim (Victory is not relative, it is absolute.)
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To: bkopto
I see the collapse of housing is not the fault of elected official in charge of over sight, Barney Frank. It is the fault of the unelected adviser that 6 years before the collapse advised FF.

Wonder how long it will take all the Newt Bashers to jump in and side with Barney.

12 posted on 11/17/2011 6:25:48 PM PST by jpsb
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To: Darkwolf377
Butt boy frank was minority leader while newt was raking in all the big bucks. But you can count on the soon to occur leak of whatever, newts contract was for.
13 posted on 11/17/2011 6:26:45 PM PST by org.whodat (Just another heartless American, hated by "AMNESTY" Perry and his fellow demorats.)
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To: bkopto

Oh yes, we should believe Barney.

14 posted on 11/17/2011 6:27:02 PM PST by Spunky (Sarah Palin on Polls "Poles are for Strippers and Cross Country Skiers")
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks bkopto.
...after a report that the former Speaker of the House earned at least $1.5 million in consulting fees from mortgage giant Freddie Mac.

15 posted on 11/17/2011 6:38:42 PM PST by SunkenCiv (It's never a bad time to FReep this link -- https://secure.freerepublic.com/donate/)
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To: bkopto

Now that is a debate I would like to see, frank trying to pull a hissy fit while debating Newt.


16 posted on 11/17/2011 6:40:36 PM PST by JakeS (I have never had a flu shot and I have never had the flu.)
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To: bkopto
Barney 'I didn't know my partner was using my apartment as a gay whorehouse sure I was dating Fannie Mae's Herb Moses while on the banking committee so what' Frank accusing someone else of having no ethical core.

I don't think I can take much more of this.

17 posted on 11/17/2011 6:40:52 PM PST by skeeter
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To: bkopto

Exccuuuuuze me, but I THINK something is a little wrong historically here with this article.

To wit:

“The government created Freddie Mac in 1970, joining it with Fannie Mae, in an effort to make mortgages more affordable. Their troubles began in the 1990s as both took on risky loans and more debt at the urging of the Clinton and Bush administrations, which sought to increase home ownership.”\\

I’m just an old guy with a really bad memory. But I THINK Fanny and Freddie were created in THE FREAKIN 1930’S BY FDR. I read their home pages, and that’s what they say.

If I’m wrong, please someone correct me. Flame me all you want, but I do think those ‘quazi governmental’ entities waaay predate the ‘70s!!

So much bulls**t, so little time to correct.

Hoping that some other Freeper who is sane and sober can check this out.


18 posted on 11/17/2011 6:41:09 PM PST by ConradofMontferrat (According to muzslimes, my handle is a hate crime.)
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To: bkopto
“He’s a man with no ethical core whatsoever,” Frank said Yeah, running a homo prostitution ring out of your home...now that's ethical.
19 posted on 11/17/2011 6:46:26 PM PST by Signalman
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To: bkopto

That queer should be hung by his balls for his role in Fannie and Freddy. Ditto Chris Dodd!


20 posted on 11/17/2011 6:54:49 PM PST by Artcore
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To: Artcore

Fanny and Freddie even! ;-)


21 posted on 11/17/2011 6:56:39 PM PST by Artcore
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To: bkopto

“If you want to put people in jail ... you ought to start with Barney Frank and Chris Dodd,”

This kind of story will do nothing but help Newt.

Thank you Boston Globe.


22 posted on 11/17/2011 7:04:46 PM PST by Gator113 (~Just livin' life, my way~.. Newt/West 2012.“I’ve got a lot swirling around in my head.”)
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To: Artcore

Amen....!


23 posted on 11/17/2011 7:05:47 PM PST by swampfox101
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To: Huskrrrr
Well, fundamentally speaking, why would we elect another Washington Insider like Newt Gingrich?

He's proven to be a Moderate, siding with the DEMS on everything from healthcare mandates, global warming, using his position in Congress to fund raise for his college of choice, redefining the definition of sex ala Bill Cliton and generally using people to advance his personal agenda.

In November of 2010 we sent a group of young, dedicated conservatives to DC and now we want to let The Fox back in the hen house?

I don't get it!

24 posted on 11/17/2011 7:06:07 PM PST by not2worry
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To: jpsb

I double dog dare them to.


25 posted on 11/17/2011 7:06:26 PM PST by Gator113 (~Just livin' life, my way~.. Newt/West 2012.“I’ve got a lot swirling around in my head.”)
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To: M-cubed
Frank today denounced Gingrich as “fundamentally intellectually dishonest.” “He’s a man with no ethical core whatsoever,”

Typical RAT projection.

“Hotbottom” is how they refer to him in Boston.

26 posted on 11/17/2011 7:10:22 PM PST by ROCKLOBSTER ( Celebrate Republicans Freed the Slaves Month.)
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To: not2worry

“I don’t get it! “

You never will.


27 posted on 11/17/2011 7:11:10 PM PST by Gator113 (~Just livin' life, my way~.. Newt/West 2012.“I’ve got a lot swirling around in my head.”)
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To: bkopto

It really sucks that this massive fee ever had to come to light. I know a large GOP ad house which was planning a major push next year focusing on Frank and Dodd and Fannie and Freddie, which was devastating. They are pissed now that Newt’s involvement will muddy the issue beyond repair as one of our strongest points against the RATs and Obama.


28 posted on 11/17/2011 7:15:03 PM PST by montag813
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To: Spunky

Isn’t that one of Moochelle’s outfits??


29 posted on 11/17/2011 7:15:49 PM PST by Gator113 (~Just livin' life, my way~.. Newt/West 2012.“I’ve got a lot swirling around in my head.”)
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To: ken21
i’d love to see frank and dodd in jail.

I'd like them to be in jail. Butt I don't want to SEE them in jail.

But hey, to each his own.


Me. Im the husband.

30 posted on 11/17/2011 7:24:01 PM PST by mountn man (Happiness is not a destination, its a way of life.)
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To: montag813
Yes, it is really hard to say they did it when old newt was out there calling republicans and passing out checks. He says he still supports the community reinvestment act, just needs a few tweaks. Man is a freaking loon.
31 posted on 11/17/2011 7:41:15 PM PST by org.whodat (Just another heartless American, hated by "AMNESTY" Perry and his fellow demorats.)
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To: ConradofMontferrat

The original Federal National Mortgage Association (Fannie Mae) was created in 1938 under FDR and split in 1968 into the Government National Mortgage Association (Ginnie Mae), which is a U.S. government agency, and the current public-private GSE.

As for the Federal Home Loan Mortgage Corporation (Freddie Mac), it was chartered in 1970 under an Act of Congress.


32 posted on 11/17/2011 7:44:36 PM PST by rabscuttle385 (Live Free or Die)
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To: bkopto

” The Bloomberg story reported that Gingrich earned $1.6 million to $1.8 million between 1999 to 2007.”

$1.8 Million divided by 9 years equals $200,000 per year. Nancy Pelosi makes that in 3 days of insider trading. Where is the Gingrich corruption?


33 posted on 11/17/2011 7:59:01 PM PST by Rembrandt (.. AND the donkey you rode in on.)
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To: bkopto

Great advice to Freddy Newt. Got out just in time didn’t you?
Great advice re: who to support in the 23rd CD Newt
Are you giving advice re: climate change to the Princess of the Assembly, Newt?

Go to hell.


34 posted on 11/17/2011 7:59:31 PM PST by cydcharisse (`)
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To: bkopto

There’s no contest. Barney Frank and the Democrats set up Fannie and Freddie in such a way that the problems would be compounded, but whoever was running the agency at the time would make out like a bandit; think Franklin Raines. Newt got paid for the work he did, which according to the written contract, did NOT include lobbying. So Newt is not part of the Fannie and Freddie problem; that lies with Barney and his fellow Democrats, and the RINOs who enabled them to pass legislation creating the problem.


35 posted on 11/17/2011 8:02:29 PM PST by SuziQ
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To: org.whodat

I think Newt’s personal, political and, er, “business” life can be summed up by his primary motivation to be admired, and thus his willingness to say anything and play up to anyone at any time who will stroke and feed his inflated ego (and bank account).

Trouble is, it’s near impossible to pander to 100% of the people any percent of the time, and thus his steady infidelity to whatever and whomever he’s just committed to.


36 posted on 11/17/2011 8:03:36 PM PST by 9YearLurker
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To: Artcore

“That queer should be hung by his balls for his role in Fannie and Freddy. Ditto Chris Dodd!”

That probably wouldn’t work. I’m sure Dodd had Bawney spayed a long time ago.


37 posted on 11/17/2011 8:03:47 PM PST by Rembrandt (.. AND the donkey you rode in on.)
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To: 9YearLurker
Pretty well sums it up, he drove worthless jim wright out of office over his boogus book deal, why did newt get kicked out, I forgot.
38 posted on 11/17/2011 8:07:57 PM PST by org.whodat (Just another heartless American, hated by "AMNESTY" Perry and his fellow demorats.)
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To: org.whodat

Wasn’t it because he was losing his Speakership? (I think he was cleared of whatever charges at the time.)


39 posted on 11/17/2011 8:15:21 PM PST by 9YearLurker
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To: Rembrandt

“That probably wouldn’t work. I’m sure Dodd had Bawney spayed a long time ago.”
_________________________________________________

LOL! Yep...you’re probably right! :-D


40 posted on 11/17/2011 8:15:54 PM PST by Artcore
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To: ConradofMontferrat

Fannie and Freddie came out of the Community Reinvestment Act, in the Carter Administration. I was doing mortgages for a Federal S&L, and all of our paperwork was changed in 1977 to reflect the Federal agencies. In order to sell the mortgages on the Secondary market, they had to be Fannie/Freddie certified, and on F/F paperwork.


41 posted on 11/17/2011 8:16:37 PM PST by SuziQ
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To: SuziQ
Franklin Raines

I think Jamie Gorelick was in there up to her eyeballs.

42 posted on 11/17/2011 8:31:28 PM PST by ROCKLOBSTER ( Celebrate Republicans Freed the Slaves Month.)
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To: montag813
They are pissed now that Newt’s involvement

Same old. Same old. Newt's personal lack of any ethical or moral core undermines any intellectual argument he may be making. His love for the sound of his own voice blinds him to how incredibly unlikable his pomposity is. He can't control his appetites. That's why he's fat and gooey, and why he would accept money from Freddie Mac for no work.

43 posted on 11/17/2011 8:33:49 PM PST by Minn (Here is a realistic picture of the prophet: ----> ([: {()
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To: org.whodat
why did newt get kicked out, I forgot.

Something about being exposed as a total jerk, fool and fraud by carrying on an extra-marital affair around the 1998 time frame, maybe?

44 posted on 11/17/2011 8:40:37 PM PST by Minn (Here is a realistic picture of the prophet: ----> ([: {()
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To: EGPWS

Who know where those mouths have been?


45 posted on 11/17/2011 8:40:49 PM PST by chiefqc
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To: bkopto

Who is responsible?

1.) Liberals of all stripes

2.) Jim Johnson

3.) Barney Frank

4.) Conservatives like Gingrich who got on speaking podiums in the 90’s with the likes of Jim Johnson to talk about how great it was for Fannie Mae to help all Americans attain “the American Dream of Home Ownership”.


46 posted on 11/17/2011 8:55:11 PM PST by rlmorel (The Rats won't be satisfied until every industry in the USA is in ruins and ripe for nationalization)
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To: Spunky

“I am the Banking Queen...”


47 posted on 11/17/2011 11:07:24 PM PST by Impala64ssa
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To: org.whodat

Frank is just so repulsive. This article was interesting because it shows any sort of criticism gets under his very thin skin. He has skated on the unbelievable damage he’s done to this country because his constituents and his party don’t care because he ‘helped the pooooor,’ but I hold the Republicans to blame for not addressing the damage he’s caused.


48 posted on 11/18/2011 12:08:38 AM PST by Darkwolf377 (Obama: The stupid person`s idea of a smart person.)
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To: bkopto
Gingrich has been out of the Congress since 1999. Barney Fag has been in Congress the whole time and successfully resisted Republican efforts in the years since 1999 to put a leash on Fannie and Freddie. Nothing more need be said.

The Financial Crisis was caused by too much government regulation, not too little.

49 posted on 11/18/2011 12:40:20 AM PST by cynwoody
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To: ROCKLOBSTER

Hot bottom was being serviced by his Boyfriend who worked at freddie mac at the time this was all happening


50 posted on 11/18/2011 3:33:52 AM PST by ballplayer
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