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Barney Frank: Newt Gingrich Made Millions By Influencing Public Policy

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» 84 comments

What has been your favorite feud of 2011? Mine is Melissa and Teresa’s feud from The Real Housewives of New Jersey, followed closely by Newt Gingrich‘s ongoing spat with Barney Frank. MSNBC’s Andrea Mitchell took a look at Gingrich’s recent comments about Frank’s lack of interest in the business community or the private sector before turning things over to Frank for a response.

“So. Your turn,” said Mitchell. “How far left are you?” Here we go.

RELATED: Barney Frank Talking Trash: Newt Gingrich Is A ‘Lobbyist And A Liar’

Well, that’s just blatant nonsense. Of course I work very closely with the private sector. I’m very proud, for example, that the fishermen in Massachusetts — a very tough private sector entity — are very pleased with my work for them. I have had good relations with many of the financial institutions, with the community banks and others. That’s just an example of Mr. Gingrich saying things that aren’t remotely close to true. Of course there’s a difference between the private sector and the public sector.

I do understand why Mr. Gingrich is angry at me; it’s now clear. He was apparently getting 30,000 dollars a month from Freddie Mac for many years. I gather he first said as an historian, making him, as I said, the word’s highest paid historian in history. And it ended — I just learned this — in 2008. And it ended because of legislation that was enacted when I became chairman of the committee that put Fannie Mae and Freddie Mac into conservatorship.

It was because of Gingrich’s role within and defense of Freddie Mac, Frank surmised, that congressional Republicans at the time did not pass legislation restraining Fannie Mae of Freddie Mac.

Frank continued, adding that, as a businessman working for Freddie Mac, Gingrich “produced no good or service,” but, rather, influence public policy. Frank also recalled a time when Gingrich called out then-Senator Barack Obama for having taken money from Freddie Mac and Fannie Mae.

Have a look, via MSNBC:

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  • Kimberly

    Barney Frank, July 14, 2008:

    I think this is a case where Fannie and Freddie are fundamentally sound, that
    they are not in danger of going under. They’re not the best investments these
    days from the long- term standpoint going back. I think they are in good shape
    going forward. They’re in a housing market. I do think their prospects going
    forward are very solid. And in fact, we’re going to do some things that are
    going to improve them.

  • Anonymous

    Haha. Barney Frank criticizing somebody over their role in the housing crisis. Priceless.

  • Anonymous

    Newt Gingrich was sucking Freddie’s dick, and Barney Frank cock-blocked him.

  • Anonymous

    And you made money pimping young boys…..

    Judge not lest ye be judged…*

    *and i don’t like Newt.

  • Anonymous

    Barney will be reduced to Rubble next year, as his beloved OBAMO is bludgeoned into exile.

  • Valkyrie101

    Come on.

  • Valkyrie101

    Now it turns out that Frank was just reading from one of Newt’s Freddie Mac  ”consulting” memos.

  • Anonymous

    Speaking of slime, buffoon barney should be remembered for these:

    1. Let us NEVER forget the two key enablers of the second-worst financial crisis in American history: COUNTRYWIDE SWEETHEART MORTGAGE DEAL chris dodd, and BUFFOON barney frank.

    frank and dodd goosed Freddie and Fannie into supporting sub-prime mortgages for slugs, slackers, deadbeats, liars, freeloaders, losers, taxpayer-leeches, cheats, ILLEGALS and potheads and other typical members of the d-cRAT socialist party – which led to massive mortgage defaults from unqualified borrowers which was one of the root causes of the current financial crisis.

    …and the lunatic-left d-cRAT socialists NEVER LEARN FROM THEIR FAILURES (probably because there are so many of them they can’t keep track of them all.)

    2. buffoon barney frank: “Government is simply the name we give to the things we choose to do together.”
    So, in other words, “Government is just one big clusterfrack”!!!

    3. And for those who still admire buffoon barney (aka, “The Banking Queen”), here’s a news items from several months ago that’s still a true gem:

    “Massachusetts Congressman Barney Frank caused a scene when he demanded a $1 senior discount on his ferry fare to Fire Island’s popular gay haunt, The Pines, last Friday, 16 Jul 2010 Frank was turned down by ticket clerks at the dock in Sayville because he didn’t have the required Suffolk County Senior Citizens ID. A witness reports, “Frank made such a drama over the senior rate that I contemplated offering him the dollar to cool down the situation.””

    So buffoon baney throws a massive hissy-fit over having to spend $1 of his own money, but he doesn’t give the slightest consideration when he spends/wastes TRILLIONS of taxpayer money.

  • Anonymous

    He did???

  • Anonymous

    Barney should be in prison along with Chris Dodd!!

  • http://www.facebook.com/people/Carl-Ludwig/100000464586475 Carl Ludwig

    OMG. Liberal hypocrisy truly know no bounds. The man who almost single-handedly engineered the housing crash by his manipulation of Freddie and Fanny now goes after Newt for offering them favors or advice or whatever…….Why isn’t this idiot in prison?….save the fact he would enjoy it immensely.

  • BR

    So, i find it safe to say that the liberals fear Newt.  Attack mode by the “tolerant” libs!

  • Steve P.

    I don’t care if Barney is Gay, How anyone could kiss this guy is beyond me

  • Anonymous

    Many people are attracted to power….

  • Rex the Wonder God

    Nope, no more of this b.s.: You MUST provide the link, or you are presumptively a liar and a tool.

    Easy rule to state, easy to enforce … REGULATION, actually.

    In the meantime, “Kimberly” or whoever you are: if and until you provide the link, you are going to be treated as a lying meme tool.

  • Anonymous

    You forgot to mention Newt.

  • Rex the Wonder God

    Well now, unless you TOO are a lying meme tool – something over ONE HALF of the winger comments posted here are from computers with MORE THAN ONE winger avatar that posts here, folks, as several have mentioned before – you really out to wait until “Kimberly” posts a link.

    Just think about this way: just in the past few days, we have WATCHED here as authoritarian winger meme tools constantly bombarded this website with “Obama called us lazy” and “Obama thinks Hawaii is in Asia” and other such immediately provable zombie lies. But then they don’t link, or they link to Breitbart, who started the fake spin, or they link to Drudge who linked to Breitbart, or they link to FNC or to Hot Air or Malkin or Ace of Spades or any of the zomby meisters who have pre-spun this nonsense for their zombie troops to cut and paste all over the blogosphere. Now, those are JUST those 2 examples, and yet tomorrow, someone new will come here and see such a zombie meme, and have no examination no testing of it to go on, and wonder, Hmmmf, how come so many at Mediaite seem to buy into this, even reasonable “liberal” and “moderate” sounding types, who are SO “liberal” and SO “moderate” they actually USE those words in their avatar names; they MUST be liberal, because their NAMES use that word, and heavens to mergetroid, what ACTUAL winger would use the word “liberal” in his rave fave avatar name?

    Tools only fool fools, folks; don’t be fooled – mark the tools, just like animals do on their hunting trails: better to spray them first before they spay you. 

  • Rex the Wonder God

    Link the source, lying zombie winger tool tatboy: link the source.

  • Anonymous

    WTF?

  • Anonymous
  • joe

    i think you mean tootie frootie newtie and dancing boy delay right? i mean they were in charge–not barney!

    unless barney has secret gay powers????

  • Anonymous
  • Valkyrie101

    Who cares, Frank makes a good point concerning Newt. You are willing to give him a pass on his $1.6 million Freddie Mac bonanza?

  • One pissed off Liberal

    Yeash..time magazine is not reputable enough….and even when you link the source…In want a photo of barny frank tanking money from a guy while handing him and underged boy holding his drivers license to prove hes underage…

    Until I see all that…I dont believe you!

  • joe

    if you remember-the housing crises was from 2000-2007? i think dems took the house in 2007? i think that is when the laws began to change?

    unless you have another congress we do not know about..
    who was in charge of congress from 2000-2007???? because that is when all of this housing mess happened..
    please tell me how barney did this under a gop congress..ok?

  • joe

    and newt and tom delay????

    who was in charge from 2000-2007???
    that is the trillion dollar question!
     hint–housing crash, 2 wars, historic corruption….gettin’ the picture?

  • joe

    i think you will find it safe to say that libs could only pray for a newtie 2012 race…

  • joe

    same way they kiss newt? santorum? rush limbaugh? hmmm…

  • Rex the Wonder God

    See the tatboy b.s. at work folks? 

    That was TIME reporting on a political investigation in 1985 BASED ON the admission by Frank that he’d had homosexual contact, ie “sex”, in the past with a prostitute. Now – look at how tatboy tries to CONVERT that mere investigation on … something to do with a Congress critter paying for sex (which of course had never ever happened before in the history of the world or the USA – tho of course Ben Franklin and Jefferson and MANY of the Founders paid for the company of prostitutes – based on that bare admission into ‘selling little boys’. tatboy is homophobic, or maybe a closet case himself, doesn’t matter which, tatboy is hoping you will be too ‘revulsed’ to see the difference between the two concepts, that you will conflate homosexuality with child abuse. tatboy is one of the most offensive winger liars that are currently posting at Mediaite. I will out them as they arise, but providing an onthology might be of very limited use, because then they just change avatar names. The best way to identify these birds is look to their plumage:1. no links until you demand, then2. misleading links, or links that obstructed behind a paywall.tatboy did them both here: first, a lie with no links, then, to escape the accusation of no links, he posts a link to an article by a superficially msm publication SET BEHIND A PAYWALL.It takes work, then, for you to deal with tatboy’s artifice, which most folks just will not want to do – too busy, not at important, don’t REALLY care – whatever; which is how tatboy “wins”, because you are already infected with the virus just by him having gotten you merely aware of the fake “controversy”. 

  • joe

    who was in charge from 2000-2007???
    that is the trillion dollar question!
     hint–housing crash, 2 wars, historic corruption….gettin’ the picture?

  • Anonymous

    He does have a good point. He’s just not a good messenger considering his Fanny & Freddy history and the whole pimping young boys thingy. It would be like Ted Kennedy (while alive) telling someone not to drink and drive. Or Larry Craig looking down on Mark Foley…..

  • Anonymous

    Read further… he didn’t just have sex with his lover. The prostitution ring was run out of his house, the pimp was his lover who payed $20,000 in “rent”. I have put links that others may follow if they wish. You can defend Frank prostituting children if you like. If you feel he is falsely accused the links are not accurate… provide your own.

  • Rex the Wonder God

    TPA as usually is lying thru the assembly of zombie winger tooled memes.

    Look, you can let this moron TPA into your brain and eat your neurons if you want, that’s your choice; but if you want to see how this got started, go read the first Michael Lewis book, years and years before the Big Short and before Moneyball and the rest -

    Liar’s Poker.

    http://en.wikipedia.org/wiki/Liar%27s_Poker

    Tells you all about the big fat Wall Street bankster criminals who first figured out how to steal the life savings and equity ordinary Americans had save in their homes, and how they first went about that – starting with a real guy, a real fat greasy criminal of disgusting pig actually named Louie, a paragon of Wall Street, a leader of that industry, who figured he would not be able to steal all that lovely money until Congress got out of the way and let him, or even helped him – so he went to Washington DC and started buying congress critters. 

    Mostly Republicans of course, because Republicans have big neon signs saying: Welcome Shriners and Sailors, Open 24/7 Just Dial IAMFORSALECHEAP, to wit they market more aggressively. But also Dems. And to HIDE their purchases, what Louie and his buddies did is spread the cash around, so it looked normal and all, so that you would say, Hunh, I thought only that Republican guy was bought and paid for, now I see Barney Frank got some money from Louie TOO!

    See the scam? It corrupts whether the pol is actually getting the money or not, whether he actually wants the money or not, whether he accepts the money or not – it’s like throwing out free money from helicopters and calling those who actually stoop to pick it up “corrupt”.

  • Rex the Wonder God

    Note: this was posted by a winger zombie meme tool.

  • Kimberly

    HuffPo’s website is a little messed up, but what I quoted from him is in the transcript. (I know that evil Bill O’Reilly is involved, but if you can just watch until he shows Barney’s clip, I think you’ll survive.)

    http://www.huffingtonpost.com/2008/10/03/bill-oreilly-and-barney-f_n_131569.html

    http://www.youtube.com/watch?v=bijtBkKQwY8

  • Kimberly

    Instead of instantly dismissing information you don’t like, why not research yourself? If anything sounds questionable to you, find out if it is! Don’t take everyone at their word, but don’t dismiss everything either.

  • Rex the Wonder God

    That right there is a winger zombie meme tool jumping the shark for Newtie: he calls Frank, a minority committee dem, the cause of the FM  failures – at the time when Republicans controlled the House, the Senate and the White House, meaning Frank had ZERO power – a hypocrite for calling out Newt for USING his Speaker cred to lobby for the FMs, calls for Frank to be “in prison”, yet never says a thing about what Newt did – and what Newt did is not invective or winger zombie meme lies, it’s actual numbers of dollars paid for actual lobbying.

  • Rex the Wonder God

    In recent threads I have repeated my prayer to the GOP to please, please nominate Newt. I and we all would thank you. It would be a public service to see that prick go down in flames, to see him driven into the ground by media investigations and left to flap in the wind before the debate viewers.

    Please, please GOP, DO this thing – let us have the sleek, overpadded, slow, fattened up carcass of the Newtosaur to feed to our starving children and kinfolk; it would be like a giant Blue Whale and last for years. 

  • http://pulse.yahoo.com/_NWVKX2P2QBPQ6FHQHCHVIC2ALQ Fedup in Florida

    LOL Rex, something must be bothering you today….  did you wake up to the reality of what a mess your party is in…  You have attacked almost every conservative post on the site today.  

    Yes, the republican candidates are looking bad at the moment, but the clowns will fade away and we will be left with either Mitt or Huntsman in the end, then they will no longer seem as uninformed and dis-shoveled as the field of candidates do today…  You won’t have Cain to slam, or Newt’s past to point to..  you will be dealing with serious candidates who will hold the president to task.  Do you really think that the president’s campaign of class warfare will carry the independents, the campaign of gloom and doom? I am sure that the republican alternative will be able to present a vision of a tomorrow better than the one this president is presenting which if it goes much further it will have our citizens taking up arms against each other…  good luck with that.  Really when you score what has happened during the Obama presidency to say his performance has been dismal would be considered as being kind to the president… To look at the state of this country today one would have to think that the president has not offered solutions that have moved this country to a better place, to the contrary, he has only caused blood to boil and people to feel a greater need to take things into their own hands…  if this goes much further Rex, there will be resistance from those who oppose the Pee Party and things get will get ugly, the president’s inability to lead and his constant rhetoric has inspired both sides to action, the Tea Party may have been quiet over the past few months but they are far from dead, you will see them come back to life in 12.  The president had better come up with a real plan that will make a real difference and put a lid on this mess.  

    It is his only chance in 2012.  

  • ganymede

    The homphobia and scapegoating from you rightwingers is really laughable and pathetic. Frank had a marginal role in the financial crash. It really was the financial institutions who forced the removal of all consumer protections and then proceeded to churn out mortgagaes for all and sundry. It’s now coming out that Gingrich was up to his eyeballs in the corruption surrounding Freddie,  Fannie and, Wall Street,  yet your hatred of Frank overides reality. Frank is really a very smart guy who has actually tried to protect us from the excesses of Wall Street.
    I really think Steve Jobs had a profound commentary about rightwingers when he told Rupert Murdoch that Murdoch’s life and work was a mistake because he was basically a destructive person. Since most rightwingers are followers of Murdoch, I would say it’s a safe assumption to call you all a bunch of negative, nihilistic (look it up) destructive fools.

  • Rex the Wonder God

    Trying to prove you’re not attracted? Advertising? Hard to tell. Need a picture. Remarkably, guys, or whatever, like “Steve P.” never link to a picture here; instead, they go on to those really weird fetishist sights where they get to put on leather masks and rubber suits with strategic openings for their eyes and noses and genitalia etc. 

    Who CARES if you are or are not sexually attracted to Congressman Barney Frank? I feel fairly certain Frank does not care. Who CARES what heterosexual or bisexual or homosexual other person feels when looking at a video or picture of Frank – does Frank care? He’s married and is always bragging on his “husband”, obviously very proud to be married and to that other man. Do you think FRANK cares how he looks to YOU? That WE care how WE might look to YOU? 

    After not very long, this really descends into high school shallow, doesn’t it “Steve P.”? Are you in high school Steve P? Do your PARENTS know what you do  on your computer at night and in your locked bedroom?

  • Anonymous

    Any day now, Republicans will figure out that Newt Gingrich was a champion of “Obamacare” and Freddie Mac’s top lobbyist.

    I’ve tried to explain this here a hundred times before:  Republicans were in charge of Congress from 1995 until 2006.  Democrats were powerless in the House until 2007.

    The reason Republicans believe precisely the opposite of these truths is because all Republicans are systematically trained to believe precisely the opposite of the truth.

  • http://pulse.yahoo.com/_FSPIVAFYI672OH5NOKVRTEZA4U MadCharles

    Hey Barney, Wipe your chin…

  • Obama2012

    Everyone should fear Newt… it gives you boils.

  • proud2teabagu

    Learn to say something new why don’t you Kim Bong idiot.

  • proud2teabagu

    Can you even make a point in under a thousand words you gas bag.

  • Anonymous

    The truth will never go away, moron.

  • Obama2012

    Ask yourselves “who would want this job anyway?”  The smart Republicans like Ryan and Christie have stayed away in droves.  So what does the party get?  Palin, Pawlenty, Cain, Perry, Bachmann, Romney and Gingrich.  Paul and Huntsman may as well be farts in the wind.

  • ASAP

    Wtf does that even mean.  Is anybody else in the 3rd grade so they can translate. Liberals like me, are not angy at your childish words, we just feel sorry for you and your once great party. 

  • Anonymous

    Why should Newt be in prison? Guess I didn’t get the liberal spin memo. Please do explain!!

  • Anonymous

    Do a little research and re check you time lines and find out who was encouraging/forcing banks to make sub prime loans to those they knew were going to default and are on tape defending F & F as stable and who wanted stricter regulations on F & F…….you are seriously embarrassing yourself!!!

    Yes the bubble did burst during the Bush term, but he didn’t create it!!

  • http://pulse.yahoo.com/_VK7U6RFTAUIPW2JR2NGPBP2IYA super

    I think everyone forgets that Barney was in a sexual relationship with someone high up with Fannie May. I think that’s a huge conflict of interest for someone that has congressional oversight over them.   But its not reported because it was a “gay” relationship.

  • http://pulse.yahoo.com/_VK7U6RFTAUIPW2JR2NGPBP2IYA super

    who had a conflict of an interest by having congressional oversight while at the same time having a sexual relationship with Mannie May???  I think that was Barney,  FUnny how its not reported by the press.

  • Valkyrie101

    Yep.

  • Mr. Pennypacker

    Newt was profiteering off his legislation too and trying to blame everybody for what he was doing.  He was just like Cain trying to sell a book.  What is he doing in MA? 

  • Anonymous

    Brilliant Barney! He comes up with details of how corrupted Gingrich was while exercising a major public function and gives figures, Newt responds by a lame personal attack.

    For some reasons a number of posters here believe Mr.Frank’s sexuality is related with the fact that Newt has been collecting millions of dirty dollars for years. Now we learn also about 37 mills News received from the Health Care Industry, that clearly contradicts  his statement that he was not a lobbyist. That man is just too dirty for running for president.

    Bless Barney Franck!

  • Sandie

    http://www.youtube.com/watch?v=cMnSp4qEXNM&feature=player_embedded#!
    ….or..
    http://www.youtube.com/watch?v=LPSDnGMzIdo&feature=player_embedded

    http://www.youtube.com/watch?v=_MGT_cSi7Rs
    It is 8+ minutes, but very revealing – especially the last half with Barney.

    Then watch this very short one that shows Barney’s big lie documented in an interview with  Larry King:
    http://www.youtube.com/watch?v=_MGT_cSi7Rs

    Bill Clinton agrees the Dems  goofed.
    http://www.youtube.com/watch?v=8O6iEoGgQFc&feature=player_embedded

  • burlap

    Just like liberals how were scared, of Palin, Bachman, Perry and Cain. amirite?

  • Sandie

    There are loads of documentation to back up what you say. I recall, while being non-ambulatory and recovering in bed from injuries, watching on CSPAN the confrontations of McCain and the Dems  who proclaimed the soundness of   Freddie & Fannie  Barney Frank, Maxine Waters, Chris Dodd and the rest of the committee.  See the links I gave Rex for starters.

  • BenDoverBawney

    Bawney Fwank speaking ill of someone regarding Fannie or Freddie is laughable.  He is a joke.

  • Roofis The Negro

    Ask yourself what the fuuuuuuuu ck you are saying! Imagine Barney’s Frank breaking “wind” in your face!

  • Roofis The Negro

    Refrain from liberal logic, it twist’s you into a Korean pretzel.

  • Roofis The Negro

    Your heterophobic defense of this homosexual senior citizen is revolting. And type less in the future, your words are all fu cked up. CAPICHE? (look it up)

  • Roofis The Negro

    Hey Rextum, you didn’t explain why you want to kiss Barney’s Frank. Pay attention, and for God’s sake give your keyboard a break.

  • Roofis The Negro

    “if you remember-the housing crises was” caused by jimma karter, slick hillwilly and YOU!

  • Anonymous

    Democrats can get away with such blatant lies on NBC and MSNBC in paraticular, but truely, that his comment is not being questions even by the author here is demonstrable of the ability of democrats to openly lie and remain completely unchallenged by a media that is failing to do its job.

    Good ole Barny – more lies.  Good job Andrea

  • Anonymous

    This ‘left wing’ BS makes no sense. If working for the government is such evil, why the f*ck is he running for president? To serve the public good? Philandering tosser.

  • proud2teabagu

    It means that the dope head just writes the same thing on every thread. I can not make it any simpler for you so you may need to read this to a grown up.

  • Billy Sunday

    So because you don’t like the truth you call it a lie.  How convenient for you!  Gingrich admitted he was on the payroll!!!  Can you be specific instead of yelling “Liar liar pants on fire” like a little kid!

  • http://gregingleright.weebly.com/ Greg

    My favorite fued belongs to the animal spite my hound has for an annoying stink eye casting yipper from down the block. Frank/ Gingrich is easily my second. Frank and my Adel share a common enemy.

  • Anonymous

    Barney Frank is to “credibility” as a kazoo is to “music!”

  • Anonymous

    You are blinded by the tiffany bling.

  • Anonymous

    problem with your analogy Tuscon is that Newt Gingrich could be interchanged with Barny Frank.

    And before you screech, Frank is NOT running for President and Newter is.

  • Stephenchildress

    BARNEY FRANKS need to go to JAIL

  • TucsonTerpFan

    If you believe your post, then there is no problem with my analogy; however, I don’t believe the two are interchangeable as it appears you do.  (If that were the case then they are both equally as bad.)

    Frank and Dodd together have done far more damage to the US (and the world’s) economy than Newt could even dream of.

    Also, it’s “Tucson,” not “Tuscon.” 

  • AliveStillKickin

    Barney Frank is to America what O.J. was to Nicole.
     

  • ASAP

    Only in the mind of a teabagger is a google search considered a source.  

  • Anonymous

    Suffice to say, you have your facts and chronology, upside down.  What are you talking about and where did you get this nonsense.

    Carter in the late 70s, started the problem.  Then, in 1992, Bush initiated HUD as an overseer of Fannie and Freddie which somewhat tempered the the PC lending practices of the Carter years.  Then Clinton, in 2000 urged an easing of loans again, thus making the mess bigger! AGAIN!

    As far as the Democrats being “powerless,”  you actually expect anyone to believe that the Democrats would have done anything if they could, regarding loans to the unqualified?  Ouch!

  • Porphyry

    Rep-For-Life Barney Fudd doesn’t like it when guys like Gingivitis make all that dough outside of Congress. Why, that privilege should be reserved for Capitol nobility–& Herb Moses!

  • bricktexan1

    Barney Fwank and the democrats passed the Community Reinvestment Act which FORCED banks to
    make these loans to the poor, coloreds, and other unqualified people.  Any Surprise that they didn’t get
    payed back. Newt WARNED Freddy Mack not to give loans to people who could’nt pay them back, but
    his warnings were ignored. $1.6 million was a small price to avoid the mortage crisis if they just
    WOULD OF LISTENED.

  • Anonymous

    Frank is a buttfucker who ran a gay whore house out of his congresional office, and he NEED TO GO TO JAIL

  • CSN

    We’re still in a housing crisis, war in Libya, Egypt, etc., etc. under the regime of Obama, and more to come.  Why don’t we just say this much, they’re all corrupt jackasses and let it go at that.  Vote Ron Paul 2012.

  • CSN

    Do Fannie Mae hire prostitutes?  Are their big corporate exec’s prostitutes?  Seems like that’s what you’re saying here.

  • http://www.facebook.com/people/Linda-Hunt-Andis/1696374266 Linda Hunt Andis

    Go ahead you liberals, try to blame everyone and anyone, oh
    sure put Frank and Dodd’s name in there so we will not know that you are drones
    (Kool-Aid drinkers) as I recall, and I do fairly well, Bush’s Administration’s
    FY02 budget declares that the size of Fannie Mae and Freddie Mac is “a
    potential problem,” because “financial trouble of a large GSE could cause
    strong repercussions in financial markets, affecting Federally insured entities
    and economic activity.”  And it is clear
    that he tried to get something done every year until 2008… he called for GSE
    reform 17 times in 2008 alone before Congress acted. 
    Unfortunately, these warnings went unheeded, as the President’s repeated
    attempts to reform the supervision of these entities were thwarted by the
    legislative maneuvering of those who emphatically denied there were problems.
    While Bush was asking for reform Barney Frank was on National TV on July 14,
    2008 saying this…”I think this is a case where Fannie and Freddie are
    fundamentally sound, that they are not in danger of going under. They’re not
    the best investments these days from the long- term standpoint going back. I
    think they are in good shape going forward. They’re in a housing market. I do
    think their prospects going forward are very solid. And in fact, we’re going to
    do some things that are going to improve them.” 
    Now Liberal, those are the FACTs, how can you possible NOT blame Barney
    for it.  I am so glad he is going.  It is just the first step in getting out lots
    and lots of trash out of the white house on both sides of the island.  Listen to his stepping down speech.  He is quitting… because congress will NOT
    raise taxes.  Unbelievable. Just unbelievable.

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