Author Topic: Barney Frank admits mortgages were given to the wrong people  (Read 13033 times)

0 Members and 1 Guest are viewing this topic.

Offline I_B_Perky

  • Hero Member
  • *****
  • Posts: 7530
  • Reputation: +718/-329
Barney Frank admits mortgages were given to the wrong people
« on: September 15, 2013, 10:18:28 PM »
Well, well, well. Seems the liberal spinners gonna have to admit they were wrong. I have heard so much crap about how it was wall street, when it turns out the root of the problem was the mortgage lenders. What he did not say was that he was wrong and Bush was correct.

From MSNBC no less.

Barney Frank admits he was wrong!!

Lot of stuff in the article... I'll just hit the Barney Frank highlite:

Quote:
Quote
Former Rep. Barney Frank, who was the chairman of the Financial Services Committee and one of authors of the Dodd-Frank financial regulation law that President Barack Obama signed in 2010 to avert future financial crises, said the 2008 Wall Street debacle “could not happen in the same way” today. “The biggest single cause of the problem last time, I think everybody agrees, was that mortgages were being given to people by institutions that shouldn't have given them to people who shouldn't have received them and then they packaged them and sold them to people who didn't know what was in them.”

Why isn't this guy in prison?


Edited to add: Check out the comments. The libs are still in denial.
Living in the Dummies minds rent free since 2009!

Montani Semper Liberi

Offline obumazombie

  • Siege engine to lib fortresses
  • Hero Member
  • *****
  • Posts: 21814
  • Reputation: +1659/-578
  • Last of the great minorities
Re: Barney Frank admits mortgages were given to the wrong people
« Reply #1 on: September 15, 2013, 10:19:52 PM »
All the inmates threatened a boycott.
There were only two options for gender. At last count there are at least 12, according to libs. By that standard, I'm a male lesbian.

Offline Chris_

  • Little Lebowski Urban Achiever
  • Hero Member
  • *****
  • Posts: 46845
  • Reputation: +2028/-266
Re: Barney Frank admits mortgages were given to the wrong people
« Reply #2 on: September 15, 2013, 10:20:16 PM »
If Frank were still in the House pulling strings in Congress, there's no way he'd admit to this.  He'd go along with the Party's plans to continue making the same bad decisions and pushing for the same flawed legislation that got us into this mess.
If you want to worship an orange pile of garbage with a reckless disregard for everything, get on down to Arbys & try our loaded curly fries.

Offline wasp69

  • Hero Member
  • *****
  • Posts: 7566
  • Reputation: +900/-520
  • Hillbilly Yeti
Re: Barney Frank admits mortgages were given to the wrong people
« Reply #3 on: September 15, 2013, 11:00:06 PM »
I wonder why he is all of a sudden admitting this?
"We make men without chests and expect of them virtue and enterprise. We laugh at honor and are shocked to find traitors in our midst. We castrate and then bid the geldings to be fruitful."

C.S. Lewis

A community may possess all the necessary moral qualifications, in so high a degree, as to be capable of self-government under the most adverse circumstances; while, on the other hand, another may be so sunk in ignorance and vice, as to be incapable of forming a conception of liberty, or of living, even when most favored by circumstances, under any other than an absolute and despotic government.

John C Calhoun, "Disquisition on Government", 1840

Offline Wineslob

  • Hero Member
  • *****
  • Posts: 14429
  • Reputation: +778/-193
  • Sucking the life out of Liberty
Re: Barney Frank admits mortgages were given to the wrong people
« Reply #4 on: September 16, 2013, 09:25:16 AM »
I wonder why he is all of a sudden admitting this?


He likes paying lip service?
“The national budget must be balanced. The public debt must be reduced; the arrogance of the authorities must be moderated and controlled. Payments to foreign governments must be reduced, if the nation doesn't want to go bankrupt. People must again learn to work, instead of living on public assistance.”

        -- Marcus Tullius Cicero, 55 BC (106-43 BC)

The unobtainable is unknown at Zombo.com



"Practice random violence and senseless acts of brutality"

If you want a gender neutral bathroom, go pee in the forest.

Offline obumazombie

  • Siege engine to lib fortresses
  • Hero Member
  • *****
  • Posts: 21814
  • Reputation: +1659/-578
  • Last of the great minorities
Re: Barney Frank admits mortgages were given to the wrong people
« Reply #5 on: March 08, 2015, 12:02:11 AM »
If Barney Frank were abducted, would any lamestreamMedia outlet report it ?
Luckily we have a case study with the Cincinnattie Enquirer to give us a hint...

http://newsbusters.org/blogs/tom-blumer/2015/03/07/cincinnati-enquirer-considered-suppressing-coverage-gay-activist-who


Whatever they do, they don't really want to hurt the cause...that's for sure.
There were only two options for gender. At last count there are at least 12, according to libs. By that standard, I'm a male lesbian.

Offline DLR Pyro

  • Hero Member
  • *****
  • Posts: 9234
  • Reputation: +1418/-29
Re: Barney Frank admits mortgages were given to the wrong people
« Reply #6 on: March 08, 2015, 01:08:25 AM »
Going to prison would be like going to Disneyland for bawney fwank
Biden is an illegitimate President.  Change my mind.

Police lives matter.

Basking in the glow of my white privilege

ProudDad Donating Member (1000+ posts) Wed Mar-09-11 08:50 PM
64.I'd almost be willing to get a job in order to participate in
A NATIONAL GENERAL STRIKE
  https://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x4763020

Offline Belle

  • Full Member
  • ***
  • Posts: 415
  • Reputation: +42/-16
Re: Barney Frank admits mortgages were given to the wrong people
« Reply #7 on: May 14, 2015, 09:52:57 PM »
Yep, but isn't it a liberal thing that if something doesn't work, they keep trying it again & again.  Those 100% mortgages & stated incomes were given to some people with low credit scores.  The feds wanted it & the banks kept churning them out.  But then it all crashed.  & now they're starting it all over again.  Go figure.

http://freebeacon.com/issues/feds-to-back-risky-home-loans-again/