Author Topic: Barney Frank admits mortgages were given to the wrong people  (Read 1647 times)

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Online I_B_Perky

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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.
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Offline obumazombie

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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.
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Offline Chris_

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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.
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Offline wasp69

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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."

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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.

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Offline Wineslob

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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?
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Offline obumazombie

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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.
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Offline DLR Pyro

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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
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Offline Belle

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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/