Article

2010-08-19 Economy

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Fred 2010-08-19 00:00|| || Front Page|| [3 views ] Top

#1 Abolish what you helped bankrupt, frank?

You are a walking turd girl. none of this should have ever been started in the first place.

We will see what your voters are. I personally think you represent them well as they are all imbeciles.

Posted by newc 2010-08-19 00:22|| 2010-08-19 00:22|| Front Page Top

#2 Freddie and Fannie are "kinda" private companies. I suspect he wants to convert them "all federal".

Posted by tipover 2010-08-19 01:08|| 2010-08-19 01:08|| Front Page Top

#3 Barney sang a diffferent tune in 2004 through 2006.

Posted by GolfBravoUSMC 2010-08-19 01:24|| 2010-08-19 01:24|| Front Page Top

#4 This guy is going to burn in hell for so many reasons.

Posted by Mike Ramsey 2010-08-19 03:19|| 2010-08-19 03:19|| Front Page Top

#5 Yeap, Barney has no intention of setting up anything independant. He wants a total Fed takeover. Feds will decide who can buy a home ala student loans. Work for the Fed for ten years and get a reduced rate and low down, fixed. You proles pay top rate, one year ARM, no cap, with 25% down.

Posted by retired LEO 2010-08-19 03:35|| 2010-08-19 03:35|| Front Page Top

#6 > "If we want to subsidize housing

You shouldn't do as all this achieves is less affordability.

Someone should shove David Ricardo's book so far up his arse it lodges in his brain.

Posted by Bright Pebbles 2010-08-19 06:37|| 2010-08-19 06:37|| Front Page Top

#7 Is the Hon. (ahem) Barney Frank (D-MA) participating in the political lynching of Franklin Raines now? (Or is it someone else these days?)

Boy howdy did those Dems circle the wagons around Fannie and Freddie when Bush-era investigators came a-calling.

Posted by Grenter, Protector of the Geats 2010-08-19 09:00|| 2010-08-19 09:00|| Front Page Top

#8 Barney sure does sleep around with different political positions. The problem with these donks is that they have no foundation of beliefs or enduring principles on which to base political positions. They are waving in the wind just trying to get elected from election to election.

Posted by JohnQC 2010-08-19 09:41|| 2010-08-19 09:41|| Front Page Top

#9 Ahhh come on Barney, give me some FANNIE!

Posted by Besoeker 2010-08-19 09:42|| 2010-08-19 09:42|| Front Page Top

#10 But that said, I agree Fannie and Freddie should be abolished. Can't quite agree with them being replaced with a new mechanism. I am distrustful of such new mechanisms.

I don't trust our government and I don't trust Wall Street but how is that different from 300 million others? Right?

Posted by JohnQC 2010-08-19 09:44|| 2010-08-19 09:44|| Front Page Top

#11 Bawney Fwank in 2005: "What Housing Bubble?"

Posted by GolfBravoUSMC 2010-08-19 09:55|| 2010-08-19 09:55|| Front Page Top

#12 Bury the evidence before a new administration takes hold.

Posted by Mullah Richard 2010-08-19 09:56|| 2010-08-19 09:56|| Front Page Top

#13 Of course, Bawney was against home ownership after he was for it.

Posted by GolfBravoUSMC 2010-08-19 10:02|| 2010-08-19 10:02|| Front Page Top

#14 I think he wants to go back to federally subsidized rental housing. He and his buddies made millions before Bush canceled the program. All those new buildings to be built. Just think of all the "Donations to his Campaign".

Posted by Deacon Blues 2010-08-19 11:16|| 2010-08-19 11:16|| Front Page Top

#15 It's all a scam for developers and bankers who turn around and contribute big bucks to their pet politicians. It's all a big lie. They tell us we need "affordable housing" but their policies have created the highest housing inflation, and inflation in general, since the Weimar Republic. No wonder our workers can't compete in the global market. The cost of living in the United States is completely out of control. Forget Barak Obama. Barney Frank is public enemy number one. He's done to this country the same as he and his "partners" do to each other.

Posted by Ebbang Uluque6305 2010-08-19 11:58|| 2010-08-19 11:58|| Front Page Top

#16 RE: #11 What housing bubble?

He says we didn't have the same degree of leveraging as we've seen with other bubbles? What does he call zero down, ARM mortgages? He's either lying or he has his head up his butt...most likely both.

Posted by Ebbang Uluque6305 2010-08-19 13:11|| 2010-08-19 13:11|| Front Page Top

#17 In the 90s Baeney played Clutch Butt with a Fannie Mae executive called Herb Moses.

Both Frank and Moses assured the Wall Street Journal in 1992 that they took pains to avoid any conflicts of interest.

Posted by GolfBravoUSMC 2010-08-19 13:23|| 2010-08-19 13:23|| Front Page Top

#18 Both Frank and Moses assured the Wall Street Journal in 1992 that they took pains to avoid any conflicts of interest.

Dare I ask what kinds of pains?

Posted by gorb 2010-08-19 13:34|| 2010-08-19 13:34|| Front Page Top

#19 Eww...

Posted by tu3031 2010-08-19 16:23|| 2010-08-19 16:23|| Front Page Top

#20 Meanwhile, the Kos-Gang sent this out today in support of a bare-majority Senate for the benefit of "progressives."

Welcome to the Daily Kos action email list. You received this email either because you are a registered member of the Daily Kos community, or because you donated to a Daily Kos operated Act Blue page. To unsubscribe from this list, follow the link at the bottom of this email.
Today we're launching a campaign to end the filibuster. Join this campaign by following the link below and signing the petition that appears:
http://campaigns.dailykos.com/action/reformthesenate

Here's how signing the petition makes a difference. We'll deliver the petition to every Democratic nominee for Senate and every returning Democratic Senator. When we do, we'll get them on record about whether they agree that the rules of the Senate can, and should, be changed with a simple majority vote on the first day of Congress next year. Once 51 returning and potential Senators have come out in support, we'll have proven that changing Senate rules is possible with a simple majority vote.
http://campaigns.dailykos.com/action/reformthesenate

Entrenched power players like Joe Lieberman, Max Baucus, Ben Nelson and Mary Landrieu have all depended on the filibuster to enable Republican obstructionism and water down progressive legislation. Corporate interests have used it to protect themselves by purchasing a few small state Senators on the cheap. There's no bigger decision Senate Democrats will make next year. The Senate is where good legislation goes to die. Democrats can either change a system that allows a tiny unaccountable minority to thwart the will of the country, or they can continue being part of the problem.
http://campaigns.dailykos.com/action/reformthesenate

Let's get started,
Markos Moulitsas
Founder, Daily Kos

Posted by Thusolet Prince of the French2994 2010-08-19 18:25|| 2010-08-19 18:25|| Front Page Top

#21 Barney's one of the smarter people on Capitol Hill, and probably knew all along that the hybrid govt-private model used with Fannie and Fred was a complete bust. Unlike his dim bulb peers, Barney's too smart to pretend otherwise. His problem is simple dishonesty.

Posted by lex 2010-08-19 20:48|| 2010-08-19 20:48|| Front Page Top

#22 Every American has been robbed by him. It's irrefutable.

Posted by newc 2010-08-19 21:36|| 2010-08-19 21:36|| Front Page Top

00:08 Sherry
23:41 Don Vito Ulaviger7159
23:39 Mike Ramsey
23:35 Mike Ramsey
23:35 Pappy
23:25 rjschwarz
23:17 Sherry
23:12 Barbara Skolaut
22:45 SteveS
22:40 Shinerong Panda4460
22:01 Mike Hunt
21:36 newc
21:27 newc
21:25 tu3031
21:22 newc
21:19 newc
20:59 Anonymoose
20:53 Skunky Glins****
20:51 lex
20:48 lex
20:46 tu3031
20:45 OldSpook
20:44 lex
19:50 Frank G