“I want [Freddie Mac and Fannie Mae] to help with affordable housing, to help low-income families get loans and to help clean up this subprime mess. Otherwise, why should they exist?”
How on earth does getting more loans help clean up the subprime mess? The loans are the problem! Somebody get this guy a book!
Sadly, for us, the good people of Newton will continue to elect him.
The NERVE of Barney Frank and CHRIS DODD....the THIEVES that OVERSAW this mess, now sit in the cat-bird’s seat......they should be so ASHAMED they should RESIGN!
Frankie and Freddie were sweethearts...:<(
And still the stupid American voters and most of the marxist MSM are blaming the Republicans for this mess, as reflected is the rising poll numbers for The Obamanation. Well, I’ve just about had it. Most of these idiots will be the first ones to feel the pain when the donk’s implemennt even more Marxist policies. Screw ‘em, they deserve what they are going to get with their moronic thoughtless voting. Me and mine will weather the storm. Most of them won’t.
And this in the Boston Herald? Perhaps this might gain some traction in the mainstream media after all. Maybe.
Outstanding piece, dude! Keep on telling it like it is!
San Fran Nan, Harry Vegas Reid, and Queen Bwaney, in charge. Not to worry Folks. Hop on the slippery slope to the Socialist state with Obama bin Biden.
All you Capitalist out there put your head between your legs and kiss your A$$ goodbye.
And not that 60 Minutes or the MSM is going to do it for us - we have to - before the public get's bored of the whole thing.
Barney Frank can now claim to have done to 300 million people and the America economy the same exact thing he does to his boyfriend on a nightly basis.
Hmm...I don’t wanna do anything “on” Barney Frank, near Barney Frank, with Barney Frank, or after Barney Frank. I can’t believe this dimwit criminal keeps getting elected.
But liberals like Barney Frank wanted more. They wanted the low cost of low-risk loans to be extended to higher-risk borrowers with lower incomes, fewer assets or less-solid credit. Barney and friends used the regulations of the Community Reinvestment Act to threaten lenders into making these loans. And banks, trying to meet Frank’s demands, expanded riskier lending schemes like subprime mortgages. “
The above statement is really the core of the problem.
Fannie and Freddie used to a safe, vanilla, good idea. Like the adage of a dog turd polluting the punch bowl, they were the punch bowl that was polluted. Liberal Democrats are the dog turd.
There’s not much you can do about Barney Frank. He’s the product of 40 years of leftist lunacy.
Bookmarking, thanks!
Isn’t the Boston Herald, so to speak, the newspaper of his district? Is the tide turning against him there?
The FMs are the gigantic swords of Damocles hanging over the Dem’s heads this election. McCain has to cut the string.