Harvard student takes on Barney Franks over his role in the economic melt-down

BARNEY FRANKS LIES LIKE HELL. TYPICAL DEMOCRAP !



The Democrats are to blame for the economic melt-down, do not believe in the "it's Bush's mess which Obama inherited" nonsense, that's a leftist lie, a cynical fiction... here are the facts:

The economic melt-down occurred because of the massive housing foreclosures which happened after -mostly- minorities could not repay the loans that they had been extended by banks, those bank loans were forced on the banks by ACORN (remember them, yet another group of Obama's criminal friends?) via the Congressional Black Caucus (Obama, Walters, Ranguel... all extreme leftist race-obsessed neo-Marxists), and Franks' and Dodd's accusations and bullying intimidation tactic to scream "RACISM! RACISM! RACISM!" to discredit and stop any confrontation to their crazy left-wing agenda when George W. Bush and John McCain tried to stop this practice to force banks to give out loans to people based on skin color instead of ability to repay, which was the basis of the racist "Community Reinvestment Act" invented by Jimmy Carter and then given steroids by Bill Clinton through his government-controlled creation of Fannie Mae and Freddie Mac, lenders which were motivated not by economic viability but by politics, like anything the left does, it's not based on reality but on ideology.

This is a DEMOCRATIC economic crisis!!! This is a LEFT WING created economic melt-down!!! And they have the added perversity to have the gull, the temerity to blame CONSERVATIVES of the LEFTIST'S own crimes!!? Do not let them sell the lies and propaganda to you, they did the same thing about Iraq, people bought the Michael Moore propaganda, instead of the more ambivalent and complexity that is truth. Stop the leftist-government complex... fascism comes to America from the left-wing, the right-wing type of fascism is a false specter used to confuse you, do not be fooled!

WFXT-TV: It all started with a question: "How much responsibility, if any, do you have for the financial crisis?"

Rep. Barney Frank (D-MA) and a conservative Harvard law student debated over how Frank should have handled his role as the House Chairman of the Financial Services Committee. Frank was at Harvard University for a speech at the Kennedy School of Government.

Frank said the student wasn't backing up his claims, invoking some laughter from the crowd, and the student told Frank he wasn't answering his question.

BARNEY FRANK WANTS YOUR TAX MONEY NOW ! HE MUST GO !

Barney Frank wants more taxes. SAYS...THERE ARE PLENTY OF RICH PEOPLE WE CAN TAX. Yeah right Barney, there will be non left to tax. YOU ARE A HYPOCRITE SCUMBAG !! SEE VIDEO BELOW.












Suddenly, with Barack Obama pitching almost a trillion dollars in new spending, leading Democrats see nothing wrong with deficit spending. Why? Because the rich will pay for it, silly! Barney Frank explains that spending tons of money we don’t have now will be no problem, because he knows where to get it:

I think at this point, there needs to be an immediate increase in spending, and I think this is a time when deficit fear has to take a second, uh, a second seat. I do think this is the time for a very important kind of dose of [unintelligible]. Yes, I think later on, there should be tax increases. Speaking personally, I think there are a lot of rich people out there who we can tax at a point down the road to recover some of this money.

Frank has a large amount of chutzpah to talk about recovering money. Frank and his cohorts in Congress ensured that we lost the money by blocking regulators from doing their jobs at Fannie Mae and Freddie Mac. Frank himself kept telling us from 2001 to this year that Fannie and Freddie were solvent and that there wouldn’t be a collapse — and so we didn’t need to toughen oversight over their business practices.

Look at Frank grin while talking about all of the rich people he’ll soak with new taxes if given the chance. Frank loves his class warfare. He’s one of the architects of this financial collapse, and now he wants to make sure that the collapse is complete by confiscating the capital that would correct it. I’m not sure if he’s insane or just stupid, but neither makes me terribly comfortable while Frank remains chair of the Financial Services

BARNEY FRANK MUST GO~VOTE HIM OUT,CALLS CHIEF JUSTICE A HOMOPHOBE

WHAT THE HELL HAS COME TO OUR MORALS IN THIS COUNTRY. THIS SOB BARNEY FRANK HAS NO RESPECT FOR HIMSELF, US AS TAXPAYERS AND NO ONE ELSE. WHAT A SOB !! HE NEED TO GO. ARE YOU LISTENING FOLKS IN MASSACHUSETTS ??













GAYMAN Massachusetts Rep. Barney Frank called Supreme Court Justice Antonin Scalia a "homophobe" in an interview released Monday on a gay online news site, and said he hoped a challenge to a federal law widely disliked in the gay community will not be heard before the high court until new justices are seated on the bench.

Frank, who is gay, made the remark in responding to a question about legal challenges to the Defense of Marriage Act. The 1996 law says the federal government and states have no obligation to recognize same-sex marriages even if other states allow them.

"At some point, [the Defense of Marriage Act] is going to have to go to the United States Supreme Court," the congressman, a Democrat, said. "I wouldn't want it to go to the United States Supreme Court now because that homophobe Antonin Scalia has got too many votes on this current court."

Last month a controversial judge on the 9th Circuit Court of Appeals declared the 12-year-old law unconstitutional. That's the second time a judge from the notably liberal court has made such a ruling.

But both rulings were administrative in nature and offered no precedent, thus making it unlikely they would be appealed to the Supreme Court. Nonetheless, a judicial marker has been set that has clearly drawn the interest of the gay community.

Scalia is no stranger to personal attacks and is a favorite target for gays because of his dissent in a 2003 case that overturned the nation's consensual sodomy laws.

In that case Scalia held the majority's ruling represented "a massive disruption of the current social order."

He went on to conclude that "the Texas statute undeniably seeks to further the belief of its citizens that certain forms of sexual behavior are immoral and unacceptable, the same interest furthered by criminal laws against fornication, bigamy, adultery, adult incest, bestiality and obscenity."

A representative for Scalia was not immediately available for comment.

Massachusetts Congressman Barney Frank Calls Supreme Court Justice Antonin Scalia A Homophobe - 03/20/09


Someone asked the other day why Barney had no teeth. Well, LET JUST SAY HIS GAY LOVER LIKES IT THAT WAY. He loves to have it gummed. LMAO.

Lawmaker Barney Frank "Rightly" Accused of Fannie Mae Conflict of Interest

Washington is full of CROOKS LIARS AND THIEVES ! CONGRESS HAS ITS SHARE. THEY ALL NEED TO GO TO JAIL. The American public needs to demand and investigation into all of congress. None have clean records. They are all crooks. Don't you just love the people that vote these crimals into office. What is wrong with Americans ? And...oh, don't you just love all the PORK ~OINK~OINK~that they added to the bill to bail out Wall street and all its crimals. An extra prison needs to be built to house these crooks and scumbags.

WASHINGTON — Unqualified home buyers were not the only ones who benefitted from Massachusetts Rep. Barney Frank’s efforts to deregulate Fannie Mae throughout the 1990s.

So did Frank’s partner, a Fannie Mae executive at the forefront of the agency’s push to relax lending restrictions.

Now that Fannie Mae is at the epicenter of a financial meltdown that threatens the U.S. economy, some are raising new questions about Frank's relationship with Herb Moses, who was Fannie’s assistant director for product initiatives. Moses worked at the government-sponsored enterprise from 1991 to 1998, while Frank was on the House Banking Committee, which had jurisdiction over Fannie.

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

"It’s absolutely a conflict," said Dan Gainor, vice president of the Business & Media Institute. "He was voting on Fannie Mae at a time when he was involved with a Fannie Mae executive. How is that not germane?

"If this had been his ex-wife and he was Republican, I would bet every penny I have - or at least what’s not in the stock market - that this would be considered germane," added Gainor, a T. Boone Pickens Fellow. "But everybody wants to avoid it because he’s gay. It’s the quintessential double standard."

A top GOP House aide agreed.

"C’mon, he writes housing and banking laws and his boyfriend is a top exec at a firm that stands to gain from those laws?" the aide told FOX News. "No media ever takes note? Imagine what would happen if Frank’s political affiliation was R instead of D? Imagine what the media would say if [GOP former] Chairman [Mike] Oxley’s wife or [GOP presidential nominee John] McCain’s wife was a top exec at Fannie for a decade while they wrote the nation’s housing and banking laws."

Frank’s office did not immediately respond to requests for comment.

Frank met Moses in 1987, the same year he became the first openly gay member of Congress.

"I am the only member of the congressional gay spouse caucus," Moses wrote in the Washington Post in 1991. "On Capitol Hill, Barney always introduces me as his lover."

The two lived together in a Washington home until they broke up in 1998, a few months after Moses ended his seven-year tenure at Fannie Mae, where he was the assistant director of product initiatives. According to National Mortgage News, Moses "helped develop many of Fannie Mae’s affordable housing and home improvement lending programs."

Critics say such programs led to the mortgage meltdown that prompted last month’s government takeover of Fannie Mae and its financial cousin, Freddie Mac. The giant firms are blamed for spreading bad mortgages throughout the private financial sector.

Although Frank now blames Republicans for the failure of Fannie and Freddie, he spent years blocking GOP lawmakers from imposing tougher regulations on the mortgage giants. In 1991, the year Moses was hired by Fannie, the Boston Globe reported that Frank pushed the agency to loosen regulations on mortgages for two- and three-family homes, even though they were defaulting at twice and five times the rate of single homes, respectively.

Three years later, President Clinton’s Department of Housing and Urban Development tried to impose a new regulation on Fannie, but was thwarted by Frank. Clinton now blames such Democrats for planting the seeds of today’s economic crisis.

"I think the responsibility that the Democrats have may rest more in resisting any efforts by Republicans in the Congress or by me when I was president, to put some standards and tighten up a little on Fannie Mae and Freddie Mac," Clinton said recently.