Article

2009-10-15 Economy

Bawney Fwank - "I don't think it's a bad thing that the bad loans occurred. "

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Posted by GolfBravoUSMC 2009-10-15 10:26|| || Front Page|| [11133 views ] Top

#1 In other words, soaring defaults are not a bug. They're a feature.

AND YOU'RE A MAROON!!!!!

Posted by armyguy 2009-10-15 11:30|| 2009-10-15 11:30|| Front Page Top

#2 Think I'll skip lunch after that pic. This guy is a complete maroon. He defines it.

Posted by JohnQC 2009-10-15 12:42|| 2009-10-15 12:42|| Front Page Top

Bawney Fwank - "I don't think it's a bad thing that the bad loans occurred. "

We agree!

Posted by Richard Cloward & Frances Piven 2009-10-15 14:55|| 2009-10-15 14:55|| Front Page Top

#4 Right on track I'd say. He doesn't think buggering other blokes is a "bad thing" either.

Posted by Besoeker in Duitsland 2009-10-15 14:57|| 2009-10-15 14:57|| Front Page Top

#5 Especially when the other bloke was a VP at "Fanny May". Franklin Raines, can you sit down yet.

Posted by GolfBravoUSMC 2009-10-15 15:19|| 2009-10-15 15:19|| Front Page Top

#6 Hey, we all got buggered by this guy.

Posted by JohnQC 2009-10-15 16:08|| 2009-10-15 16:08|| Front Page Top

#7 It hurts just thinking about it.

Posted by Ebbang Uluque6305 2009-10-15 16:22|| 2009-10-15 16:22|| Front Page Top

#8 Why not? I think Bawney probably made a bundle on covering it up all these years. How much went to his 'campaign'? And lets not forget the sweetheard deals with Countrywide members of congress (ahem... Dodd...) made.

And that is just what we know about.

Posted by CrazyFool 2009-10-15 17:58|| 2009-10-15 17:58|| Front Page Top

Posted by gorb 2009-10-15 20:47|| 2009-10-15 20:47|| Front Page Top

#10 Even if he didn't personally profit Barney helped engineer the whole Fanny May slippery loans thing with the intention that low income people who couldn't' get loans could get houses. Those people got houses and the collapse helps his party gain a larger share of the economy. He had no political fall-out to boot. I'd be amazed if Barney saw any downside to this. I'm equally amazed he doesn't keep quiet about it though.

Posted by rjschwarz 2009-10-15 21:52|| 2009-10-15 21:52|| Front Page Top

23:51 JosephMendiola
23:50 JosephMendiola
23:49 ed
23:48 JosephMendiola
23:31 trailing wife
23:28 trailing wife
23:24 USN, Ret.
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22:48 USN, Ret.
21:52 rjschwarz
21:23 Pappy
20:50 phil_b
20:47 gorb
20:39 Procopius2k
20:39 Frank G
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20:32 trailing wife
20:29 ed
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19:59 rjschwarz
19:58 Nimble Spemble