Skip to comments.Cheap Political Theater (Thomas Sowell)
Posted on 03/23/2009 6:57:21 PM PDT by jazusamo
Death threats to executives at AIG, because of the bonuses they received, are one more sign of the utter degeneration of politics in our time.
Congressman Barney Frank has threatened to summon these executives before his committee and force them to reveal their home addresses which would of course put their wives and children at the mercy of whatever kooks might want to literally take a shot at them.
Whatever the political or economic issues involved, this is not the way such issues should be resolved in America. We are not yet a banana republic, though that is the direction in which some of our politicians are taking us especially those politicians who make a lot of noise about "compassion" and "social justice."
What makes this all the more painfully ironic is that it is precisely those members of Congress who have had the most to do with creating the risks that led to the current economic crisis who are making the most noise against others, and summoning people before their committee to be browbeaten and humiliated on nationwide television.
No one pushed harder than Congressman Barney Frank to force banks and other financial institutions to reduce their mortgage lending standards, in order to meet government-set goals for more home ownership. Those lower mortgage lending standards are at the heart of the increased riskiness of the mortgage market and of the collapse of Wall Street securities based on those risky mortgages.
(Excerpt) Read more at jewishworldreview.com ...
Barney Frank is a despicable POS
Sowell is one of my favorite columnists.
I am sending this one to a LOT of people.
Couldn't agree more!
Thanks for the ping.
Have you seen this column by denenberg yet? It’s a good one.
Exactly! It is time politicans like Franks be held accountable. And Republicans must call for it.
Attention liberal morons. Gays, Moochers, Lazy bums and egghead useless idiots. Obama is a tru socialist-marxist. Allow me to remind you of what always happens in a communist society you so fervently crave. There are no freebies to give away! You have to WORK! For crusts of bread. WORK! All you Maynard G. Krebs morons. NO FUN ALLOWED! Still want to be a socialist you stupid dumbass bozos!!!???
Yes, and thanks for posting the link, it’s a great piece.
Agree for sure. What's in the water up there in Massachusetts anyway. There's Barney Frank, Teddy Kennedy, and of course we can't forget John Kerry. Wow, now there's a trifecta for you!
Just who the f**k does Barney Frank think he is?
And another adage............’academia’ are among the first to GO under any fascistic/ communist regime. Can’t have ANY of those supporting ‘critical thinking’.
Reap the whirlwind Barney...reap the whirlwind.
Thanks for the ping jaz. I get the impression reading this one that Dr. Sowell is quite frustrated with the whole lot of those Moron’s on the Hill.
I second that emotion.
I would just sit there and throw every question back at him.
Chapter 11 would have been best.
The AIG bonuses should been delt with before the latest $30 Billion bailout.
Timmy knew about these bonuses for months before now ?
Many of the bonus were to be paid to non-Americans ?
Slowly the public is starting to understand. Hopefully not too slowly. We have a Manchurian President. A vast Left Wing Conspiracy. Far Far Left. I can not help but think the Democrats will end up impeaching him to try to save their own butts.
You bet he is, RQSR and he didn’t mince any words in calling out Frank and Dodd, they should both be keel hauled.
It would be delicious for one of those folks to absolutely rake Barney Fag over the coals for his shortcomings and genuine stupidity. Would be worth the contempt of congress citation. Hell, I would have it framed. But then again I'm already hold congress in contempt.
Glad to read Thomas Sowell keeping this front and center. The politicians who played a role in bringing about this debacle need to be exposed and held accountable asap.
Mr. Sowell understands.
We, the nation, are at great peril.
Even though the “change” will eventually chew up
those who wrought it, millions will pay a terrible price
for their hubris.
The Red Guard? The Cultural Revolution?
They will have nothing on what is coming.
I heard somewhere today that it was the LONDON office of AIG that caused them all the problems....
I am beginning to suspect that we have drastically misunderestimated these people.
Any "right" (and IS this a "privacy" right under the constitution? I don't think so) you take away from anyone without due process of law is a right you never had (or no longer have).
Apparently, much of the $170 Billion bailout AIG money has gone to Europe and beyond.
“Barney Frank is a despicable POS”
I agree and yet this POS keeps getting elected so he can push his hetero-phobic, socialist agenda. Just who in MA keeps punching his chad to get him elected into office time after time?
But to put the lives of the wives and children of executives at risk for the sake of Beltway grandstanding shows how low our political saviors have sunk.
The Soros-funded Working Families Party and ACORN showed up at the homes of AIG executives over the weekend:
From Working Families Website:
We’re all mad at AIG. Their executives bear a large share of the responsibility for bringing the economy to it’s knees, and now the same folks are getting hundreds of millions of dollars in bonuses — at our expense. Join us for a field trip to bring them the message.
10AM: Pick up in Hartford
(Working Families Headquarters - 30 Arbor St.)
11AM: Pick up in Bridgeport
(ACORN Offices 2320 Main St.)
Tour and Protest
AIG Financial Products headquarters, executives’ houses.
2:30: Return to Bridgeport
3:30: Return to Hartford
Death threats to executives at AIG, because of the bonuses they received, are one more sign of the utter degeneration of politics in our time. Congressman Barney Frank has threatened to summon these executives before his committee and force them to reveal their home addresses -- which would of course put their wives and children at the mercy of whatever kooks might want to literally take a shot at them... What makes this all the more painfully ironic is that it is precisely those members of Congress who have had the most to do with creating the risks that led to the current economic crisis who are making the most noise against others, and summoning people before their committee to be browbeaten and humiliated on nationwide television. No one pushed harder than Congressman Barney Frank to force banks and other financial institutions to reduce their mortgage lending standards, in order to meet government-set goals for more home ownership.
I agree that Mr. Sowell understands that our nation is in danger. I wonder what he thinks we should do about it. I wish he would write about that. I feel helpless.
Senator Christopher Dodd has played the same role in the Senate as Barney Frank played in the House of Representatives."
That's why I place these two at the top of the list of culprits. Their role in this should be further investigated, and they should be called in to answer embarrassing and humiliating questions by Congress.
I had to send Mr. Sowell a note and thank him, he is one the greats!
AMEN TA!! BUMP!
Exactly right but with the Rats controlling Congress and Pelosi and Reid as the leadership it isn’t going to happen, IMO. Frank and Dodd should be gone, period!
Bump back at ya. That he is! : )
Who the hell is Barney Frank that he has such authority?
All joking and insults aside, is he such an incredible expert on these matters that he should be tossing around his considerable weight on these subjects?
If he were not a congressman, would he have the portfolio to get an important job in the banking industry, connections aside, based on merit?
On all counts, agreed. Still the Republicans should call for it to draw attention to them.
I honestly don’t know if he has any expertise in the field, the thing that makes me doubt it strongly is he was a major player in getting us into this mortgage fiasco.
I think today's academia is safe, not much critical thinking going on there these days.
You’re right, the Repubs should push it to the max.
"In 2003, while the ranking Democrat on the Financial Services Committee, Frank opposed a Bush administration proposal for transferring oversight of Fannie Mae and Freddie Mac from Congress and the Department of Housing and Urban Development to a new agency that would be created within the Treasury Department. The proposal reflected the administration's belief that Congress "neither has the tools, nor the stature" for adequate oversight. Frank stated, "These two entities...are not facing any kind of financial crisis.... The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing." He clarified in 2009 that Fannie and Freddie were not in crisis at the time and many financial institutions, like Lehman Brothers, also fell into crisis from 2003 to 2008."--Wikipedia
Thanks, I have read parts of that in the past. The other thing that I read, and I think it’s for real, his boyfriend or significant other or whatever they called it at the time was a banking official of some kind but I can’t recall how long ago it was.
Do a search on “Herb Moses” and you’ll have your answers.
The sickest fast is it is the American public that are letting these fools do this.
There was a time they would have been driven out of congress in shame. Today we have no more shame.
“fast” = “fact”...
This is the first thing I’ve read all day that makes any sense. And it’s quarter to midnight. Think I’ll end on this note of reason and honesty and go to bed. Thanks.