[GVnana]

So where’s Barney going to play now? Obama’s “Mortgage Czar”?

[denydenydeny]

Why, it must be an election year.

[rockinqsranch]

Barney Frank is a Democrat. That means he’s a liar. That means anybody that believes anything he says is a damned fool.

[vigilante2]

Barney got his piece of the pie!

[HereInTheHeartland]

So the guy that led the charge to have these two formally safe companies make bad loans; now calls for their destruction?

[Grams A]

I didn’t know Barney was up for election this year.

[Intolerant in NJ]

Frank: Fannie And Freddie Must Go...And Frank must go - to jail for defending Freddie and Fannie and short-circuiting attempts to investigate and regulate them while the 'rat cronies who ran them back in the 90's, like Mr. Franklin Raines, cooked the books and took millions in unearned bonuses from taxpayer monies.....

[TheThinker]

Fannie and Freddie have got to go? Take yourself with them, Barney and don’t come back.

[Munz]

OH PHALEASE .... Frank was the one who did more to make them indispensable to the lending community and rammed all kinds of legislation through to keep them propped up.

This is politics 101 for him .. now he can back peddle and say that he wanted to abolish it because it is going to continue to bankrupt us.

WHAT A SOB

[upcountryhorseman]

Frank and his boyfriend must go too!

[Lorianne]

This (Fannie and Freddie) is one of the great success stories of all time.
-Christopher Dodd

The more people, in my judgment, exaggerate a threat of safety and soundness, the more people conjure up the possibility of serious financial losses to the Treasury, which I do not see. I think we see entities that are fundamentally sound financially.
-Barney Frank

I do not think we are facing any kind of a crisis. That is, in my view, the two government-sponsored enterprises we are talking about here, Fannie Mae and Freddie Mac, are not in a crisis.
-Barney Frank

Some of the critics of Fannie Mae and Freddie Mac say that the problem is that the Federal Government is obligated to bail out people who might lose money in connection with them. I do not believe that we have any such obligation.
-Barney Frank

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

This is not the dot-com situation. You will not see the collapse that you see when people talk about a bubble.
-Barney Frannk

I do think I do not want the same kind of focus on safety and soundness that we have in OCC [Office of the Comptroller of the Currency] and OTS [Office of Thrift Supervision]. I want to roll the dice a little bit more in this situation towards subsidized housing.
-Barney Frank

What happened is this: there are people who do not like affordable housing.
-Barney Frank

I am not entirely sure why we are here.
-Barney Frank

And my worry is that we’re using the recent safety and soundness concerns, particularly with Freddie, and with a poor regulator, as a straw man to curtail Fannie and Freddie’s mission.
-Charles Schumer

Mr. Chairman, we do not have a crisis at Freddie Mac, and in particular at Fannie Mae.
-Maxine Waters

I have sat through nearly a dozen hearings where, frankly, we were trying to fix something that wasn’t broke.
-Maxine Waters

[bert]

Now that he has robbed it blind he wants to destroy the evidence. He needs to be gone, not to jail, but from this earth. He is a burden on our republic that should not be tolerated.