The Conservative Cave

Current Events => Political Ammunition => Topic started by: I_B_Perky on September 15, 2013, 10:18:28 PM

Title: Barney Frank admits mortgages were given to the wrong people
Post by: I_B_Perky 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!! (http://presspass.nbcnews.com/_news/2013/09/15/20507263-on-fifth-anniversary-of-financial-crisis-paulson-urges-bipartisan-deals-to-spur-growth?lite)

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 â€œcould not happen in the same wayâ€ today. â€œThe 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.â€

Why isn't this guy in prison?

Edited to add: Check out the comments. The libs are still in denial.
Title: Re: Barney Frank admits mortgages were given to the wrong people
Post by: obumazombie on September 15, 2013, 10:19:52 PM: All the inmates threatened a boycott.
Title: Re: Barney Frank admits mortgages were given to the wrong people
Post by: Chris_ 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.
Title: Re: Barney Frank admits mortgages were given to the wrong people
Post by: wasp69 on September 15, 2013, 11:00:06 PM: I wonder why he is all of a sudden admitting this?
Title: Re: Barney Frank admits mortgages were given to the wrong people
Post by: Wineslob on September 16, 2013, 09:25:16 AM: Quote from: wasp69 on September 15, 2013, 11:00:06 PM
I wonder why he is all of a sudden admitting this?

He likes paying lip service?
Title: Re: Barney Frank admits mortgages were given to the wrong people
Post by: obumazombie 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 (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.
Title: Re: Barney Frank admits mortgages were given to the wrong people
Post by: DLR Pyro on March 08, 2015, 01:08:25 AM: Going to prison would be like going to Disneyland for bawney fwank
Title: Re: Barney Frank admits mortgages were given to the wrong people
Post by: Belle 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/