Barney Frank is to blame for the economic
Posted By: downfall............sm on 2009-01-20
In Reply to: Memory does not serve you correctly. - The financial crisis
BUT, Barney Frank is to blame for the corrupt government interference in mortgages and forcing banks to loan to people who by no means had any business trying to buy a home!!
Barney Frank has been in Congress since 1981. He has been the head of the Financial Services Committee and has been in charge of pushing all these government regulations onto banks.....
LETS CALL IT LIKE IT IS!!! He's a corrupt SOB and he needs to be kicked out of there! And now he dares to come across suddenly acting as if he is doing EVERYTHING he can to get the banking business flowing again! BULL! He's got them just where he wants them, indebted to the government. WHat happens next? Government run banks....... socialism......governments lending YOU, the citizen, monies, owning you, your family, and everything else in your life.......you need to do YOUR HOMEWORK!
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More on Barney Frank...he is SO dirty in this economic mess....
http://www.foxnews.com/story/0,2933,432501,00.html
Know that. That's my name for Barney Frank.
Kinda fitting, I think.
Barney Frank is a big culprit in this...
however, it is the HOMEOWNERS responsibility to READ YOUR CONTRACT. Geesh people, the lenders did loan to those they knew couldn't pay, but the people who bought a $300,000 home making $50,000 cannot be excused, they too bear responsibility. Anyone facing foreclosure now who gets bailed out should never be allowed to own another home without 20% or more CASH downpayment. We make our mortgage payment on time every month, add extra to the principal, have never been late, have never taken out a HELOC or a second mortgage and yet we are expected to help those out who probably shouldn't have bought a home in the first place.
Barney Frank (D) is the one who several years ago pushed the mortgage lenders to lend to EVERYONE so all could have homes. Read the Boston Globe Op-Ed piece by Jeff Jacoby for a good explanation.
What does anything Barney Frank said have to do with Obama? nm
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It's Barney Frank's fault??!!??!!
Thanks for the laugh!
Thanks to Barney Frank and his snivling
)
Barney Frank is a nut! He would also not listen re
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More on Barney Frank and fannie/freddie...
http://www.businessandmedia.org/printer/2008/20080924145932.aspx
Barney Frank in prison, is that that what you'd call
x
Barney Frank.....what planet did he fall off
Barney Frank wants less govt and state rights when it comes to drugs.... but he wants "regulation" and "more enforcement" when it comes to everything else that takes away MY rights...... what a joke!
Caught an ad-Barney Frank is going to be on O'Reilley
tonight or Thursday night? I think BF is a glutton for punishment. I hope, but doubt, BF will answer some questions instead of blowing smoke again.
Followed quickly by Barney Frank and Chris Dodd. nm
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wrong...barney frank, chris dodd, and the
Dem members of the Banking and Finance Committee are wholly responsible. John McCain cosponsored a bill in 2006 and described this exact scenario, as did Allen Greenspan and John Snow (treasury secretary). The Dems killed it in committee. Voted to a man against it. And here we are. Nice try...no cigar (no pun intended). This is one that you can't lay on the Republicans. The facts do not support you on this one. No matter how much you deny it. And deny it you will. You can't help yourself.
Fannie and Freddie....Barney Frank, Chris Dodd...
you left them off your list. The two MAJOR players. Who got the most donations from fannie/freddie? Barack Obama and Chris Dodd. Obama got more from them in his 3 years than other senators did in 20. You do the math and follow the money.
Murtha, Pelosi, Barney Frank, Al Franken!, ughh!.
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Talk about ignorance....Chris Dodd, Barney Frank....
Fannie Mae...ring any bells? The housing crash is what started this downhill spiral. Talk about snorting Kool-aid...you must have an IV. O starts talking, brain stops working.
The war has cost us plenty...as did 9-11. But the economy didn't go south until the fannie/freddie debacle which started the dominos on wall street falling because of the "bad paper." So you can rant and rave all you want to about the war...your duly elected Dems in Congress screwed us ALL over. But go ahead, blame Bush...this is all on YOU folks. YOU voted them in. I had nothing to do with it...lol. I believe it is called stewing in your own juices...even if you are so in denial you don't realize it...but oh well...no surprise. :)
Poll: In current economic, social and economic
The IDEA of:
- Full employment.
- Shorter work week.
- Guaranteed minimum wage income for all adults.
- Universal social benefits to include health care, child care, vacation time and lifelong access to education and training.
- Programs to ensure gender equality.
- Democratization of our banking and financial system, including popular election for those in charge of public sterwardship in the banking system.
- Employees control over their own pension assets.
- Alternative financial institutions controlled by local community members (similar to credit unions).
Don't blame Obama for the coins...blame the Franklin Mint!
The Franklin Mint has an entire series of presidential coins that are tacky and cheap looking just like everything else they manufacture.
Let's blame Clinton...Let's blame Obama.
The FACT is that Bush BECAME prez on 01/20/01. He was told by Clinton to beware!! It was Bush's duty to know, to care what was going on.... the FACT is he didn't give a rat's patooty!!! FACT is he was on vacation most of his first 7 months in office. The FACT is he stared into space for 7 minutes after being told America was under attack while kindergarteners were reading "MY PET GOAT." I am so sick of the LIES you people want to ram down my throat. And when Obama takes office, God-willing, I am positive he will be under a microscope like NO president has ever been as there is a different standard set for him and never has a president-elect undergone so much criticisizm BEFORE taking office.
Frank/O'Reilly
I was cheering that Bill is BACK! I've been fit to be tied over his lingering lethargy for the last period of months, and have written to complain, too.
There's a lot more on the web about Barney Frank and how filthy he is (in more ways than 1) this whole thing. He should've been put in jail along with Chris Dodd and Palsen, etc. Barney Frank's former lover worked for this outfit before they split many years ago. I've read so much on it that I don't recall which place I read it, but obviously you won't find any of this investigative stuff on the driveby channels. Even FNC doesn't put some stuff out there, which ticks me off. But I find it, anyway between the conservative blogs, sites, talk radio, etc. And these sources can be easily checked, so the libs can throw all the hissy fits they want. If they honestly think it's okay to give literally ANY party a free pass just b/c it has your letter or preference behind it, that's just nuts! I'm dying to clean out the RINOs in "my" party. They don't belong there.
Uh Barney Fife was on Mayberry RFD
Are you speaking of Barney Frank? The Congressman from Massachussetts?
Just because it has been going on by both parties does not make it okay.
Oh, I agree completely.....just mentioning Barney
None of them should be "fixing" anything....they created the mess and I sure as heck don't trust them to fix it. Since when has the government fixed anything?
There should be outside auditors come in, chosen by private citizens, NOT the government, not the politicians' friends or family members, but private CPAs to oversee this.
The government should not be taking any of our money. I say let the chips fall where they may and all this fear Bush and everyone else tries to place in the minds of the people is just that....talk. Give it a year or so and it will right itself automatically and purge itself of the crooks.
If you think for a minute the world economy will fall because of it, that's the fear they're hoping to put in your head to make you think this is the only choice left OR ELSE!!
Other countries have firm good banks and will continue their business as usual, as will solid banks in this country.
My gosh, just today the Bank of Scotland is now putting out ads for your banking needs. It's an investment opportunity for many.
Wonderful. Bernanke, Pelosi, and now Barney Fife want
another stimulus package. "Stimulus should exceed 1% of the GDP."
He also says banks should be encouraged to write down mortgages. As for the $700B package, they got a terrible job loss number the same day and that it should soon start working. This fund would start buying into the banks soon. He was very upset that the first $250B was given away and $125B went into buying large banks and $125B went into buying into small banks.
Keynesianism??? What's that? Sounds like a new language to me. It's one of the words he uses.
I certainly don't think there should be another stimulus package. The first one didn't work. How can the second one be any better?
If you go there, please include Pelosi, Reid, Frank, Obama, McCain....the list goes
You can't be selective. If you insist on putting blame for the current situation our country is in, you must put the blame on each and every person that was a part of it.
To a great extent, it is Frank's fault, previous poster correct.
Barney Frank and the rest of the democrats in charge of Congress now, will be laughing at you, too....at all of us.
Economic Downfall sm
When you have 5 minutes, watch this; it's causing quite a "furor" in the online community! =)
http://www.youtube.com/watch?v=bNmcf4Y3lGM
Economic definitions.............
Recession is when your neighbor loses his job.
Depression is when you lose yours.
Recovery is when Obama loses his.
McCain economic plan...
Click on the individual windows to get the complete plan.
http://www.johnmccain.com/Issues/jobsforamerica/
Don't agree. His economic plan will...
kill what economy is left. How do you give 95% of the country a tax cut when nowhere near that many even pay taxes? He will add a trillion or more to the deficit with all his plans...and how is he going to pay for that with even less tax money coming in? Oh I forgot...he is going to tax those making over $250,000. Which will kill jobs from small businesses who are S corporations (there are thousands of those) and file their income taxes personally and not as a business. Oh well. That's just what they get for being successful...they lose their business or have to downsize. Thank you so much, Mr. Obama. That will put even more people in the lower class because of job losses. If ANYone is going to divide into rich and lower class and no in between, it is Obama.
ACORN is definitely an economic issue.....
When thousands of fraudulent voters are going to the polls being counted as a vote, even though they do not truly exist in the first place, and Obama gets elected due to voter fraud, which he himself has paid to help enforce, how do you not see that as affecting our economy?
The majority of those dumb enough to help with the fraud are sadly enough easily led individuals who can't think for themselves and just do what they are told. They help to put a man in office who is going to tax them even more and they don't have the sense to know it! You don't think that affects your economy?
By the way, I am Independent.. McCain does't rock my boat either but Obama makes me want to puke!
We are broke now in an economic meltdown and
post-911 mindset. There is only one way out for those who look forward to what lays beyond that quagmire. I'll give you a hint. It does not involve a right turn.
Obama's economic plan.......
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Probably appointing economic team...
It may seem that he's acting a little early, but given the economic state of this country, I don't think that's such a bad thing.
He also has a parent-teacher meeting just before that...good for him!
Obama not going to attend economic
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Obama's economic plan
Number one, thanks for a thoughtful, relevant topic.
Number two, Obama's plan starts with rolling back the tax breaks for the wealthy that the Bush administration enacted to pre-Bush status and not make them permanent. A big step in the right direction would also be to tax the stratospheric earnings of equity-fund managers as income at 35% rather than as capital gains at 15% (they can surely afford it) and penalize them for moving their funds offshore.
Number three, all bets are off the table in light of the current GLOBAL economic crisis. The Obama administration will be so busy putting out fires they didn't start that it'll be difficult to enact any long-term or short-term economic plan. I know healthcare is a sore subject, but it's a potentially huge stimulus for middle-class folks, and huge stimuli are needed in times of severe GLOBAL recession.
Our economic situation is in no way as simple as that...wish it were!.....sm
What Mr. Rogers (love the name!) does not take into account in this equation is that in our particular case, which he did not forsee before his death, I believe, is much different. There are many hardworking, ethical, proud Americans who are very reluctantly receiving "handouts" from the government because there ARE NO JOBS to be had, the bills are due, the house is on the auction block, cannot afford medicine for a sick child, food for a starving family, heat and shelter....there are definitely people who abuse the system and use it as their piggy bank, but nowadays it can be me, you, your neighbor, anyone, no matter how many years you have worked hard, no matter how you have tried, we are in a crisis of almonst UNPRECEDENTED proportions, and still gettin worse. As for the rich, please do not get me started....TAKE from them???? don't you think that they are robbing all the American People and the System when they use all types of tax loopholes not to pay their fair share of taxes, when they move operations overseas for cheap labor and once again to avaid American taxes, when they pay lobbyists, who pay politicians, to look the other way in Congress on bills that would hurt big business but might HELP Amerfican workers???? Okay, I could go on, but I guess you get the idea how this poster feels about that particular quote. All for freedom, yes. But Free Enterprise has become the Evil Empire, as in Star Wars, (okay, hokey analogy!), and until we get that particular 2000 pound elephant out of the room and roasted, we are sunk as a nation.
I used the last economic stimulus check
It was costing me about $25 in quarters every time I went to the laudromat. Not to mention gasoline and time spent not typing. I used the $600 to buy myself a portable washing machine (attaches to sink in kitchen when in use) and a portable drier. They use very little electricity. Washer uses very little water (good thing, now that we're in a major drought), and only a teaspoon of detergent per load. So it's nice to no longer have to pay at the pump and at the 'mat!
Lots of ways to cut down costs and giving our money to the government in taxes. I now pay all my bills online. Costs me nothing. Saves me a stamp (the price of which is going up AGAIN this spring), and the use of a check that i had to pay to have printed.
If they want to send me another $400, I'm sure not gonna complain. As a single renter with no kids, I have ZERO tax breaks. Last year, the I overpaid and Calif. OWED me $300. Then they very conveniently 're-figured' my taxes, and sent me a letter saying I actually made LESS MONEY than I had put on my return, and by their calculations, they didn't owe me anything. (???) If I made less money, but still overpaid the same amount in taxes, shouldn't they owe me MORE? Needless to say, if I owe them this year, they might just be getting a $300 IOU. They can spend their bailout money collecting it from me.
Please share your ideas for economic
What do you think would be the best course of action?
Well, O had the Economic Summit today and
the stock market is tanking again. It's down to -212. I have never seen the INDP as low as today at 7154. I think part of it is because they talked about nationalizing CitiGroup and Bank of America.
We all gonna drown. Hope you all have a life jacket.
And your solution to the economic crisis is???? (nm)
x
McCains Top 10 economic crisis strategies.
10. Blissful ignorance. "The economy is not my strong suit."
9. Ridicule. In an interview with the Washington Post on 07/9/2008, McCain advisor and national campaign general co-chair Senator Phil Gramm was defining McCain's plans to reform the U.S. economy. Gramm explained the nation was not in a recession, stating, "You've heard of mental depression; this is a mental recession," and "We have sort of become a nation of whiners, you just hear this constant whining, complaining about a loss of competitiveness, America in decline." This would be the same Phil Gramm of the Gramm-Leach-Bliley Act which allowed commercial and investment banks to consolidate. The legislation allowed Swiss Bank UBS to purchase several American institutions. Gramm later became a lobbyist for UBS, collecting over 750,000 USD in fees. UBS alone issues over 18 Billion USD in subprime mortgages.
8. Denial. Black Monday, 09/15/2008. John McCain: "The fundamentals of our economy are still sound." A worldwide stock market crash occurred as Lehman Brothers filed Chapter 11 bankruptcy and major investment bank Merrill Lynch was sold to Bank of America. Dow Jones Industrial Average lost more than 500 points, which is the biggest point drop (up to that point) since September 2001. FTSE 100 dropped 212 points, and it was the biggest one-day percentage drop since January 21, 2008. Hong Kong, Japan and Korea stock market suspended that day due to public holiday, and they fell over 5% on the following day. Two weeks later, we had a blacker Monday (09/29/2008) with a 777.68 point drop on the Dow Jones Industrial Average.
7. Political grandstanding. Announcement of suspending his campaign to return to DC to "lead" Congress during economic bail-out negotiations. This effort led to a defeat of the measure when the votes were cast. Tried unsuccessfully to use the bailout as an excuse to postpone the presidential debate.
6. Flip-Flop. Claims to support regulation. Record says otherwise.
5. Incoherence. Threatens to fire the chairman of the SEC if he were in office, even though the president does not have the authority to do so.
4. Theft of intellectual property. Claiming previously existing mortgage buy-out proposal as his own.
3. Avoid / change the subject. Greg Strimple, a McCain top advisor: If we keep talking about the economy, we will lose."
2. Engage the politics of division, hate, fear mongering and cultural warfare with high-gear Obama smear campaign: Ayers, ACORN, Farrakhan, Rev Jeremiah Wright, Barack Hussein Obama, etc.
1. McCain’s send message to voters is to stop whining about the economy and start focusing on attacking Obama.
Obama's economic crisis strategy...
Vote for the bailout....and nothing else. Zip, zilch, nada. Oh, except echo Harry Reid, and I quote: "Nobody knows what to do about this." Well, no **** Sherlock. And STILL doesn't know. Not a clue. All he can say is middle class tax cuts and watch the thrills run up peoples' legs. Would be funny if it weren't so.....
I prefer the definition of economic meltdown.
Ignore it and your campaign will go down in flames.
This post is about a coherent as JM's economic plan.
x
Perhaps you could enlighten us on the economic crisis suffered by
There is nothing in your chart or context that convincingly explains away the $559 billion dollar surplus Clinton left behind when his term came to an end.
Having said that, most Americans will agree that, when compared to the past 8 years, the middle class enjoyed a prosperous decade in the 90s. I was able to pay off my condo, so it has been foreclosure-proof under W.
Bush is the one that CAUSED this economic meltdown.
x
Yes, a start, but economic studies have shown that these will be....sm
long-term down the road, and we are sinking way too fast. I do agree with the grener approach, I am a "tree hugger" from way back, participated in some of the "no Nuke" protest, and am an active member of Save The Bay, as our state is right on the bay, almost an island, and this has been for the past two decades. I guess I am eager for O to stop catering to politics, even though I know it comes with the job, roll up the sleeves, and really get to the meat and bones of the stimulus package, this country is HUNGRY! Did you catch Lisa Ling's National Geographic docomentary on the new homeless shown on Oprah? That truly made me cry, because a decade ago my family was close to being one of them, I cry for the children, "bleeding heart Democrat" that I am at heart!
you don't follow politics/economic very closely then
First - signs were not hateful. Signs were truthful but the Kool-aid drinkers don't want to admit it. You consider calling us teabaggers, hillbillies, and rednecks as perfectly fine, but the minute someone points out that he is following the same path as socialist leaders you label that as "hate". What's worse is other countries are pointing it out too, not just Americans. Unfortunately it's the truth no matter whether you want to believe it or not. Last night I was watching a special about Hitler and his henchmen, and how a lot of people think he escaped. Well listing to the people talk about what he and his henchman did, I kept thinking...wait a minute...that's going on right now - (no not the genocide thing), but the way they ran their government back then. The reason you might have seen those signs on Fox was because there were no other channels covering it. BSNBC and the Communist News Network didn't cover it. Our local channels didn't cover it either. Between 250,000 to 300,000 people attended and they pretended nothing happened. What's amazing is they'll cover a story of some ducks crossing a road in some town I've never heard of, or some little kiddy motor scooter race in another unknown town, but over 2000 cities host the tea parties where there are peaceful demonstrations because people are unhappy with the government and they are excersing their right to freedom of speech (you remember the same things democrats were fighting and pushing for when Bush was in office). But there comes a double standard when only democrats can do it but republicans and independents are suppose to remain subservient and not say anything and let us be starved and unemployed and lose our homes and have to go live in shelters and we're suppose to be happy and never say anything???
As for inciting hate and racism...that is exactly what BSNBC is doing when they have Keith Olbermann show or Rachel Maddow or Chris Matthews. And then to have people like J Gorofool speak her utter hatred and racism and stupidity is unleashed. Now what she and Olbermann and the other clowns at BSNBC do...that there is inciting hate and racism. Pure and simple, no two ways about it. Why don't you actually watch Fox news before critising it. There is no hate and racism. What is racist about saying... I'm sick of congress and government taxing me to death, sending my job overseas, and I'm now having to foreclose on my house. I'm tired of them taking my money in taxes which I have no control over and they are spending it on themselves and their friends. What is racist about that???
Was the Dems economic fallout. Economy was fine
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McCain's top economic advisor says we are in a "mental depression" sm
and additionally says that we are a nation of "whiners.' McCains top economic advisor is Phil Gramm.
How do you feel about these remarks? Additionally have you or someone you know been experiencing tough times in the last year?
I have been wondering when Bush is going to announce an economic emergency. sm
I have been trying to draw people into discussing the economy. People do not respond. I do not know if it is denial or they do not understand.
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