Thanks Barney!

[RIJIMMY]

talking points = facts in this case

[spence]

Originally Posted by RIJIMMY

talking points = facts in this case

Perhaps you should check your facts then. As Chairman he's actually worked to toughen regulations.

-spence

[RIJIMMY]

Originally Posted by spence

Perhaps you should check your facts then. As Chairman he's actually worked to toughen regulations.

-spence

hindsight is 20/20 !

Every single financial institution has changed their approach. Back to the intial thread - most are now profitable and require NO government intervention or $$$. Not so for the big fat Fannies!

[spence]

Originally Posted by RIJIMMY

hindsight is 20/20 !

Every single financial institution has changed their approach. Back to the intial thread - most are now profitable and require NO government intervention or $$$. Not so for the big fat Fannies!

I see you haven't read a single thing I've posted.

-spence

[scottw]

Originally Posted by spence

Perhaps you should check your facts then. As Chairman he's actually worked to toughen regulations.

-spence

BS !

Sowell again setting the record straight on Frank today...

"When federal regulators uncovered irregularities in Fannie Mae’s accounting, and in 2004 issued what Barron’s magazine called “a blistering 211-page report,” Barney Frank lashed out — not at Fannie Mae, but at the regulators who uncovered Fannie Mae’s misdeeds. He said “a leadership change” in the regulatory agency was “overdue.”

Politicians who say we need more regulation almost never mean regulation in the sense of impartially enforcing explicit rules, such as the accounting rules that Fannie Mae was violating to cover up its own risks. They mean regulation with arbitrary powers, such as those under the Community Reinvestment Act, which enable regulators to carry out the agendas that politicians give them.
When Congressman Jim Leach tried to get stronger regulation of Fannie Mae and Freddie Mac back in 1992, and when President George W. Bush did so in 2004, Barney Frank opposed them.

A reining in of Fannie Mae and Freddie Mac would be a reining in of Barney Frank’s power. But he can’t stop the voters from reining in his power, unless he can once more get by this election year with pious rhetoric to conceal his cynical actions."

[RIJIMMY]

Originally Posted by scottw

BS !

Sowell again setting the record straight on Frank today...

"When federal regulators uncovered irregularities in Fannie Mae’s accounting, and in 2004 issued what Barron’s magazine called “a blistering 211-page report,” Barney Frank lashed out — not at Fannie Mae, but at the regulators who uncovered Fannie Mae’s misdeeds. He said “a leadership change” in the regulatory agency was “overdue.”

Politicians who say we need more regulation almost never mean regulation in the sense of impartially enforcing explicit rules, such as the accounting rules that Fannie Mae was violating to cover up its own risks. They mean regulation with arbitrary powers, such as those under the Community Reinvestment Act, which enable regulators to carry out the agendas that politicians give them.
When Congressman Jim Leach tried to get stronger regulation of Fannie Mae and Freddie Mac back in 1992, and when President George W. Bush did so in 2004, Barney Frank opposed them.

A reining in of Fannie Mae and Freddie Mac would be a reining in of Barney Frank’s power. But he can’t stop the voters from reining in his power, unless he can once more get by this election year with pious rhetoric to conceal his cynical actions."

absolutely and the Frank Dodd Act is the big winner. It has some very good and necessary regulation....BUT it creates a massivly powerful NEW govt. organization that has ambigous boundries and control.

[spence]

Originally Posted by scottw

BS !

Sowell again setting the record straight on Frank today...

"When federal regulators uncovered irregularities in Fannie Mae’s accounting, and in 2004 issued what Barron’s magazine called “a blistering 211-page report,” Barney Frank lashed out — not at Fannie Mae, but at the regulators who uncovered Fannie Mae’s misdeeds. He said “a leadership change” in the regulatory agency was “overdue.”

Politicians who say we need more regulation almost never mean regulation in the sense of impartially enforcing explicit rules, such as the accounting rules that Fannie Mae was violating to cover up its own risks. They mean regulation with arbitrary powers, such as those under the Community Reinvestment Act, which enable regulators to carry out the agendas that politicians give them.
When Congressman Jim Leach tried to get stronger regulation of Fannie Mae and Freddie Mac back in 1992, and when President George W. Bush did so in 2004, Barney Frank opposed them.

A reining in of Fannie Mae and Freddie Mac would be a reining in of Barney Frank’s power. But he can’t stop the voters from reining in his power, unless he can once more get by this election year with pious rhetoric to conceal his cynical actions."

Sowell is making a one sided argument that ignores the positive measures Frank has supported, positive measures that Republicans have blocked, the negative measures that Republicans have supported, as well as the remarks Frank has made on why he did certain things when he did. To take a quote from 2004 (I thought it really from 2003) out of this context is intellectually dishonest and Sowell knows better, hell he's written at length on that exact subject.

The GOP has worked tirelessly to make Frank the face of the Recession in an effort to shoot down a very smart and influential liberal. I guess expecting some objectivity is a bit unreasonable as it would undermine this objective.

And so politics go...

-spence

[scottw]

Originally Posted by spence

The GOP has worked tirelessly to make Frank the face of the Recession in an effort to shoot down a very smart and influential liberal. I guess expecting some objectivity is a bit unreasonable as it would undermine this objective.

And so politics go...

-spence

Frank worked tirelessly to cause the banking crisis...he's as evil as he is smart and he's a shameless and congenital liar..he is the poster boy for what is wrong with Washington.....

funny how quotes and footage of "smart" liberals in their own words are always dismissed as "out of context"... are they ever in context? or does it just require more lies to put them context?

anyone that has watched tape of those committe meetings knows the scam that Frank, Waters, Raines etc... were running, Frank is just hoping that enough of his voters are so dumb that they've never seen nor read any of it and will continue to vote for the sleaze...