A reminder of how democrats led us to this mess

[Dad2three]

This guy is GREAT! He keeps cutting and pasting the same links, and is essentially asking you, "what do you believe, my leftist links, or your lying, deceitful, incompetent, eyes and ears!"

You have videos all over the place of this exchange that started the OP, including those of other democrats including Sheila, Jackson, Leigh I believe, calling Republicans racists because they wanted to regulate F and F.

The WHOLE government caused this problem, with Dad I agree on this; but when it was finally attempted to stop the madness, the Democrats stood in the way. It was their partial cash cow, and a huge political tool for them.

Politics suck, period! And if you notice, it is more than obvious WHO/WHOM wants to insure that real truth does not come out. Establishment Republicans have their own crosses to bear, but this is not one of them. Is there any wonder the independents are for people who were not in government before?

This election is going to be interesting, no matter how hard these Democratic shills try and tell you it is going to be easy-peezy for them. The more they scream, the more you know they are lying through their pearly whites.

The Myth of Fannie Mae, Freddie Mac, Barney Frank, the Housing Bubble and the Recession


Republicans controlled the House in 2003 and Tom The hammer Delay of K-Street infamy was House Majority Leader. The House, unlike the Senate is ruled by simple majority. Delay controlled the agenda and Bush 43 was in the White House. Frank could have set himself on fire and still had absolutely zero effect on any Republican attempts to legislate new regulations or create regulatory reform. Fannie and Freddie did not cause the housing bubble or the Great Recession. The numbers don’t add up. In addition Fannie and Freddie did not have that kind of power. Most of their loans were not subprime.

Start with the most basic fact of all: virtually none of the $1.5 trillion of cratering subprime mortgages were backed by Fannie or Freddie. That’s right — most subprime mortgages did not meet Fannie or Freddie’s strict lending standards. All those no money down, no interest for a year, low teaser rate loans? All the loans made without checking a borrower’s income or employment history? All made in the private sector, without any support from Fannie and Freddie.

Look at the numbers. While the credit bubble was peaking from 2003 to 2006, the amount of loans originated by Fannie and Freddie dropped from $2.7 trillion to $1 trillion. Meanwhile, in the private sector, the amount of subprime loans originated jumped to $600 billion from $335 billion and Alt-A loans hit $400 billion from $85 billion in 2003. Fannie and Freddie, which wouldn’t accept crazy floating rate loans, which required income verification and minimum down payments, were left out of the insanity.

Fannie and Freddie were not completely innocent they basically started having special sales Fannie’s “Expanded Approval” and Freddie’s “A Minus”- all under Bush’s watch and as Republicans controlled the House 1997 to 2005 ( the place where Frank has super duper legislative powers).

The Myth of Fannie Mae, Freddie Mac, Barney Frank, the Housing Bubble and the Recession


Examining the big lie: How the facts of the economic crisis stack up




•The boom and bust was global. Proponents of the Big Lie ignore the worldwide nature of the housing boom and bust.

>

The housing boom and bust was global — Source: McKinsey Quarterly




Nonbank mortgage underwriting exploded from 2001 to 2007, along with the private label securitization market, which eclipsed Fannie and Freddie during the boom.

Check the mortgage origination data: The vast majority of subprime mortgages — the loans at the heart of the global crisis — were underwritten by unregulated private firms. These were lenders who sold the bulk of their mortgages to Wall Street, not to Fannie or Freddie. Indeed, these firms had no deposits, so they were not under the jurisdiction of the Federal Deposit Insurance Corp or the Office of Thrift Supervision. The relative market share of Fannie Mae and Freddie Mac dropped from a high of 57 percent of all new mortgage originations in 2003, down to 37 percent as the bubble was developing in 2005-06.

>

Nonbank mortgage underwriting exploded from 2001 to 2007, along with the private label securitization market, which eclipsed Fannie and Freddie during the boom – Source: University of North Carolina at Chapel Hill
>

•Private lenders not subject to congressional regulations collapsed lending standards.

 

[Dad2three]

Republicans controlled the House in 2003 and Tom The hammer Delay of K-Street infamy was House Majority Leader. The House, unlike the Senate is ruled by simple majority. Delay controlled the agenda and Bush 43 was in the White House. Frank could have set himself on fire and still had absolutely zero effect on any Republican attempts to legislate new regulations or create regulatory reform.

 

[imawhosure]

Republicans controlled the House in 2003 and Tom The hammer Delay of K-Street infamy was House Majority Leader. The House, unlike the Senate is ruled by simple majority. Delay controlled the agenda and Bush 43 was in the White House. Frank could have set himself on fire and still had absolutely zero effect on any Republican attempts to legislate new regulations or create regulatory reform.

So, then you agree with me, good! Both Democrats and Republicans screwed the pooch on this. See, we can agree on something, and thank you very much for being reasonable.

 

[Dad2three]

Republicans controlled the House in 2003 and Tom The hammer Delay of K-Street infamy was House Majority Leader. The House, unlike the Senate is ruled by simple majority. Delay controlled the agenda and Bush 43 was in the White House. Frank could have set himself on fire and still had absolutely zero effect on any Republican attempts to legislate new regulations or create regulatory reform.

So, then you agree with me, good! Both Democrats and Republicans screwed the pooch on this. See, we can agree on something, and thank you very much for being reasonable.

Yep, those super powerful Dems could stop the GOP UNFUNDED TAX CUTS FOR THE RICH (2), UNFUNDED WAR OF CHOICE (60% VOTED AGAINST), DUBYA'S UNFUNDED MEDICARE EXPANSION THAT WAS RAMMED DOWN OUR THROATS IN THE MIDDLE OF THE NIGHT, AND THAT BILL TO GET BETWEEN A MAN AND HIS WIFE (SCHIAVO), BUT HAD THOSE SUPER POWERS to stop those GOPers WHO VALIANTLY WANTED TO "REFORM" F/.F. Yep, that's completely logical Bubs *shaking head*

 

[imawhosure]

Republicans controlled the House in 2003 and Tom The hammer Delay of K-Street infamy was House Majority Leader. The House, unlike the Senate is ruled by simple majority. Delay controlled the agenda and Bush 43 was in the White House. Frank could have set himself on fire and still had absolutely zero effect on any Republican attempts to legislate new regulations or create regulatory reform.

So, then you agree with me, good! Both Democrats and Republicans screwed the pooch on this. See, we can agree on something, and thank you very much for being reasonable.

Yep, those super powerful Dems could stop the GOP UNFUNDED TAX CUTS FOR THE RICH (2), UNFUNDED WAR OF CHOICE (60% VOTED AGAINST), DUBYA'S UNFUNDED MEDICARE EXPANSION THAT WAS RAMMED DOWN OUR THROATS IN THE MIDDLE OF THE NIGHT, AND THAT BILL TO GET BETWEEN A MAN AND HIS WIFE (SCHIAVO), BUT HAD THOSE SUPER POWERS to stop those GOPers WHO VALIANTLY WANTED TO "REFORM" F/.F. Yep, that's completely logical Bubs *shaking head*

And here I thought you wanted to be bi-partisan.









Ok, now you show us the videos of ALL the Democrats who fought to put regulations on F and F! I know there must be some, somewhere, correct, lol!

So again people, who are you going to believe, a DEMOCRATIC shill, or your lying eyes and ears, lol.

This is like shooting fish in a barrel. Their own words throw them under the bus, and yet these shills continue to try and tell you to ignore what they said, they didn't mean it, it was all the republicans fault. If nothing else, this conclusively proves that the main roadblock to reform, was those charming and delightful democrats. Of course, you are not suppose to know this, you are to ignore this, and yes; they take care of taxpayer money JUST LIKE THIS!

If ANYONE can NOT see through this DEMOCRATIC shills propaganda after seeing the videos, you are a sandwich short of a full picnic basket for sure, and have no business voting for dog catcher.

 

[Tehon]

This video begins by claiming that Bush called attention to the size of F&F in his '02 budget request. Well here is the '02 budget request: http://edition.cnn.com/ALLPOLITICS/resources/2000/pdf/budget.pdf

Any of you rocket scientists that put faith in the video might ask yourself a simple question at this point. Why would the president address F&F in a budget request when the government doesn't finance them?

 

[Dad2three]

Republicans controlled the House in 2003 and Tom The hammer Delay of K-Street infamy was House Majority Leader. The House, unlike the Senate is ruled by simple majority. Delay controlled the agenda and Bush 43 was in the White House. Frank could have set himself on fire and still had absolutely zero effect on any Republican attempts to legislate new regulations or create regulatory reform.

So, then you agree with me, good! Both Democrats and Republicans screwed the pooch on this. See, we can agree on something, and thank you very much for being reasonable.

Yep, those super powerful Dems could stop the GOP UNFUNDED TAX CUTS FOR THE RICH (2), UNFUNDED WAR OF CHOICE (60% VOTED AGAINST), DUBYA'S UNFUNDED MEDICARE EXPANSION THAT WAS RAMMED DOWN OUR THROATS IN THE MIDDLE OF THE NIGHT, AND THAT BILL TO GET BETWEEN A MAN AND HIS WIFE (SCHIAVO), BUT HAD THOSE SUPER POWERS to stop those GOPers WHO VALIANTLY WANTED TO "REFORM" F/.F. Yep, that's completely logical Bubs *shaking head*

And here I thought you wanted to be bi-partisan.









Ok, now you show us the videos of ALL the Democrats who fought to put regulations on F and F! I know there must be some, somewhere, correct, lol!

So again people, who are you going to believe, a DEMOCRATIC shill, or your lying eyes and ears, lol.

This is like shooting fish in a barrel. Their own words throw them under the bus, and yet these shills continue to try and tell you to ignore what they said, they didn't mean it, it was all the republicans fault. If nothing else, this conclusively proves that the main roadblock to reform, was those charming and delightful democrats. Of course, you are not suppose to know this, you are to ignore this, and yes; they take care of taxpayer money JUST LIKE THIS!

If ANYONE can NOT see through this DEMOCRATIC shills propaganda after seeing the videos, you are a sandwich short of a full picnic basket for sure, and have no business voting for dog catcher.

YOU MEAN 2003-2004 ACCOUNTING SCANDALS THE VIDS WERE ABOUT BUBBA? SERIOUSLY? BEFORE DUBYA HOSED THEM AS THE ACTUAL REGULATOR OF F/F??? LOL

Yes, their own words CONTEXT of 2003-2004 BEFORE Dubya foeced F/F to join in on his subprime bubble dumbass!

KNOW WHO ELSE WASN'T IN TROUBLE IN 2003-2005? AIG, Goldman Sachs, Morgan Stanley, Merrill Lynch, Lehman Brothers and Bear Stearns, WAMU, AND DOZENS OF OTHER LARGE PLAYERS WHO WENT UNDER. Weird right? What happened?



Q When did the Bush Mortgage Bubble start?

A The general timeframe is it started late 2004.

From Bush’s President’s Working Group on Financial Markets October 2008

“The Presidents Working Group’s March policy statement acknowledged that turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007.”

 

[Dad2three]

This video begins by claiming that Bush called attention to the size of F&F in his '02 budget request. Well here is the '02 budget request: http://edition.cnn.com/ALLPOLITICS/resources/2000/pdf/budget.pdf

Any of you rocket scientists that put faith in the video might ask yourself a simple question at this point. Why would the president address F&F in a budget request when the government doesn't finance them?

My best guess, it was a preview of his "17 warnings" (TO THE GOP CONGRESS, HOUSE/SENATE) about F/F BEFORE he demolished them as regulator (YEP RIGHTIES, DUBYA WAS REGULATOR OF THE GSE'S (F/F) FROM 2001-2009) as he FORCED F/F to purchase $440 BILLION in MBS's in the secondary market (2003-2008), Changed Clinton's 2000 rule that restricted using subprime loans to meet the "affordable housing goals" (2004) AND TO TOP IT OFF, CHANGED THEIR GOALS FROM 50% TO 56% (2004)

 

[imawhosure]

Oh, he screams so loud when he is hosed with truth; just like all shills who have to convince the citizenry of a lie.

Now then, does anyone notice that our shill can NOT produce 1.............let me spell that for you lefties O-N-E..........video of his charming and delightful, sainted Democrats fighting for YOU, the American populace, to regulate F and F? All he can do is scream, yell, whine, cry, moan, and groan, as we can produce video after video showing the warnings that were given, and his sainted Democrats responses to those warnings.

He wants to show us graphs. He wants to show us studies. He wants to show us opinion pieces, ALL BY LEFTIES; but he won't (because he CAN'T) show you one video of them fighting to reign in F and F! Now, if you people want to believe such an obvious shill who has nothing close to the proof we have given; the proof in the lefties OWN words no less, then NOTHING can save you, and when you vote for your SAINTED Democrats and they sink the American ship AGAIN, you will drown with them!

 

[Dad2three]

Oh, he screams so loud when he is hosed with truth; just like all shills who have to convince the citizenry of a lie.

Now then, does anyone notice that our shill can NOT produce 1.............let me spell that for you lefties O-N-E..........video of his charming and delightful, sainted Democrats fighting for YOU, the American populace, to regulate F and F? All he can do is scream, yell, whine, cry, moan, and groan, as we can produce video after video showing the warnings that were given, and his sainted Democrats responses to those warnings.

He wants to show us graphs. He wants to show us studies. He wants to show us opinion pieces, ALL BY LEFTIES; but he won't (because he CAN'T) show you one video of them fighting to reign in F and F! Now, if you people want to believe such an obvious shill who has nothing close to the proof we have given; the proof in the lefties OWN words no less, then NOTHING can save you, and when you vote for your SAINTED Democrats and they sink the American ship AGAIN, you will drown with them!

A OUT OF CONTEXT VID FROM THE 2003-2004 F/F ACCOUNTING SCANDAL BEFORE DUBYA'S SUBPRIME BUBBLE WAS INFLATED? THAT TYPE OF VID FOR "PROOF" BUBBA?? LOL




In response to criticism, Frank said,

"In 2004, it was Bush who started to push Fannie and Freddie into subprime mortgages, because they were boasting about how they were expanding homeownership for low-income people. And I said at the time, 'Hey—(a) this is going to jeopardize their profitability, but (b) it's going to put people in homes they can't afford, and they're gonna lose them.'"[9]

http://www.newyorker.com/magazine/2009/01/12/barneys-great-adventure


In 2009 Frank responded to what he called "wholly inaccurate efforts by Republicans to blame Democrats, and [me] in particular" for the subprime mortgage crisis, which is linked to the financial crisis of 2007–2009.


He outlined his efforts to reform these institutions and add regulations, but met resistance from Republicans, with the main exception being a bill with Republican Mike Oxley that died because of opposition from President Bush.

Frank Seeks Antidote to Republican Amnesia

http://democrats.financialservices.house.gov/news/documentsingle.aspx?DocumentID=382689


The 2005 bill included Frank objectives, which were to impose tighter regulation of Fannie and Freddie and new funds for rental housing. Frank and Mike Oxley achieved broad bipartisan support for the bill in the Financial Services Committee, and it passed the House. But the Senate never voted on the measure, in part because President Bush was likely to veto it.


"If it had passed, that would have been one of the ways we could have reined in the bowling ball going downhill called housing," Oxley told Frank.


In an op-ed piece in the Wall Street Journal, Lawrence B. Lindsey, a former economic adviser to President George W. Bush, wrote that Frank "is the only politician I know who has argued that we needed tighter rules that intentionally produce fewer homeowners and more renters."



Once control shifted to the Democrats, Frank was able to help guide both the Federal Housing Reform Act (H.R. 1427) and the Mortgage Reform and Anti-Predatory Lending Act (H.R. 3915) to passage in 2007

Barney Frank - Wikipedia, the free encyclopedia

 

[Dad2three]

Oh, he screams so loud when he is hosed with truth; just like all shills who have to convince the citizenry of a lie.

Now then, does anyone notice that our shill can NOT produce 1.............let me spell that for you lefties O-N-E..........video of his charming and delightful, sainted Democrats fighting for YOU, the American populace, to regulate F and F? All he can do is scream, yell, whine, cry, moan, and groan, as we can produce video after video showing the warnings that were given, and his sainted Democrats responses to those warnings.

He wants to show us graphs. He wants to show us studies. He wants to show us opinion pieces, ALL BY LEFTIES; but he won't (because he CAN'T) show you one video of them fighting to reign in F and F! Now, if you people want to believe such an obvious shill who has nothing close to the proof we have given; the proof in the lefties OWN words no less, then NOTHING can save you, and when you vote for your SAINTED Democrats and they sink the American ship AGAIN, you will drown with them!

Testimony from Treasury Secretary John Snow to the REPUBLICAN CONGRESS concerning the 'regulation’ of the GSE’s 2004

Mr. Frank: ...Are we in a crisis now with these entities?

Secretary Snow. No, that is a fair characterization, Congressman Frank, of our position. We are not putting this proposal before you because of some concern over some imminent danger to the financial system for housing; far from it. - THE TREASURY DEPARTMENT'S VIEWS ON THE REGULATION OF GOVERNMENT SPONSORED ENTERPRISES

Yep, he said "far from it" If you read the testimony, you'd see he reiterated that position. And then you'd see one of the reasons Snow said why they would like the regulation would be to better enforce the housing goals


.Lets see how those housing goals worked out for Fannie Mae


We have made significant adjustments to our mortgage loan sourcing and purchase strategies in an effort to meet the increased housing goals and subgoals. These strategies include entering into some purchase and securitization transactions with lower expected economic returns than our typical transactions. We have also relaxed some of our underwriting criteria to obtain goals-qualifying mortgage loans and increased our investments in higher-risk mortgage loan products that are more likely to serve the borrowers targeted by HUD’s goals and subgoals,



Freddie Mac | 2007 Annual Report






June 17, 2004

(CNN/Money) - Home builders, realtors and others are preparing to fight a Bush administration plan that would require Fannie Mae and Freddie Mac to increase financing of homes for low-income people, a home builder group said Thursday.


Home builders fight Bush's low-income housing - Jun. 17, 2004







HOLY COW! Bush forced them to lower their standards. If only somebody had warned us that Bush's policies would hurt Freddie and Fannie. Wait, somebody did.






Fannie, Freddie to Suffer Under New Rule, BARNEY Frank Says

Fannie Mae and Freddie Mac would suffer financially under a Bush administration requirement that they channel more mortgage financing to people with low incomes, said the senior Democrat on a congressional panel that sets regulations for the companies.



So if your narrative is "GSEs are to blame" then you have to blame bush


http://democrats.financialservices....s/112/06-17-04-new-Fannie-goals-Bloomberg.pdf

 

[imawhosure]

Oh, he screams so loud when he is hosed with truth; just like all shills who have to convince the citizenry of a lie.

Now then, does anyone notice that our shill can NOT produce 1.............let me spell that for you lefties O-N-E..........video of his charming and delightful, sainted Democrats fighting for YOU, the American populace, to regulate F and F? All he can do is scream, yell, whine, cry, moan, and groan, as we can produce video after video showing the warnings that were given, and his sainted Democrats responses to those warnings.

He wants to show us graphs. He wants to show us studies. He wants to show us opinion pieces, ALL BY LEFTIES; but he won't (because he CAN'T) show you one video of them fighting to reign in F and F! Now, if you people want to believe such an obvious shill who has nothing close to the proof we have given; the proof in the lefties OWN words no less, then NOTHING can save you, and when you vote for your SAINTED Democrats and they sink the American ship AGAIN, you will drown with them!

A OUT OF CONTEXT VID FROM THE 2003-2004 F/F ACCOUNTING SCANDAL BEFORE DUBYA'S SUBPRIME BUBBLE WAS INFLATED? THAT TYPE OF VID FOR "PROOF" BUBBA?? LOL




In response to criticism, Frank said,

"In 2004, it was Bush who started to push Fannie and Freddie into subprime mortgages, because they were boasting about how they were expanding homeownership for low-income people. And I said at the time, 'Hey—(a) this is going to jeopardize their profitability, but (b) it's going to put people in homes they can't afford, and they're gonna lose them.'"[9]

http://www.newyorker.com/magazine/2009/01/12/barneys-great-adventure


In 2009 Frank responded to what he called "wholly inaccurate efforts by Republicans to blame Democrats, and [me] in particular" for the subprime mortgage crisis, which is linked to the financial crisis of 2007–2009.


He outlined his efforts to reform these institutions and add regulations, but met resistance from Republicans, with the main exception being a bill with Republican Mike Oxley that died because of opposition from President Bush.

Frank Seeks Antidote to Republican Amnesia

http://democrats.financialservices.house.gov/news/documentsingle.aspx?DocumentID=382689


The 2005 bill included Frank objectives, which were to impose tighter regulation of Fannie and Freddie and new funds for rental housing. Frank and Mike Oxley achieved broad bipartisan support for the bill in the Financial Services Committee, and it passed the House. But the Senate never voted on the measure, in part because President Bush was likely to veto it.


"If it had passed, that would have been one of the ways we could have reined in the bowling ball going downhill called housing," Oxley told Frank.


In an op-ed piece in the Wall Street Journal, Lawrence B. Lindsey, a former economic adviser to President George W. Bush, wrote that Frank "is the only politician I know who has argued that we needed tighter rules that intentionally produce fewer homeowners and more renters."



Once control shifted to the Democrats, Frank was able to help guide both the Federal Housing Reform Act (H.R. 1427) and the Mortgage Reform and Anti-Predatory Lending Act (H.R. 3915) to passage in 2007

Barney Frank - Wikipedia, the free encyclopedia

Glad you found that, and since EVERYTHING is recorded, post the video for the people-) Post videos of your chUmpions fighting to regulate F and F. Show us, go ahead! We have videos everywhere, now you show us one, just one!

Where oh where can the video be,

Dad is looking, yesiree,

he knows they don't exist so he has to be good,

before everyone laughs him off this thread for the shill, he issssssssssssss-)

He was out on a date in Barney's car,

They hadn't driven very far,

He looked at Barney and pleaded for some help,

Right before he felt a terrible pain and had, to yelp!

FIND VIDEO SHILL, left wing propaganda doesn't make it, or is that all you got! No video of your guys proposing regs BEFORE the meltdown, you LOSE, period! I have many more, want to see some? Nah, you already lost. No need to waste effort on a dead horse-)

 

[imawhosure]

This is how you defeat libs, which is why they hate assertive people. They have no evidence but lefty manufactured stuff. They even try and tell you your eyes and ears aren't seeing or hearing what they are.

How dumb are we?

I don't know about the rest of you, but if you believe this clown on this issue when your own eyes and ears are telling you different, I wouldn't try and make a life changing decision anytime soon!

 

[Dad2three]

This is how you defeat libs, which is why they hate assertive people. They have no evidence but lefty manufactured stuff. They even try and tell you your eyes and ears aren't seeing or hearing what they are.

How dumb are we?

I don't know about the rest of you, but if you believe this clown on this issue when your own eyes and ears are telling you different, I wouldn't try and make a life changing decision anytime soon!

You are pretty dumb, bet you think hours long vids reduced to soundbites implicates planned parenthood TOO? lol

 

[Dad2three]

Oh, he screams so loud when he is hosed with truth; just like all shills who have to convince the citizenry of a lie.

Now then, does anyone notice that our shill can NOT produce 1.............let me spell that for you lefties O-N-E..........video of his charming and delightful, sainted Democrats fighting for YOU, the American populace, to regulate F and F? All he can do is scream, yell, whine, cry, moan, and groan, as we can produce video after video showing the warnings that were given, and his sainted Democrats responses to those warnings.

He wants to show us graphs. He wants to show us studies. He wants to show us opinion pieces, ALL BY LEFTIES; but he won't (because he CAN'T) show you one video of them fighting to reign in F and F! Now, if you people want to believe such an obvious shill who has nothing close to the proof we have given; the proof in the lefties OWN words no less, then NOTHING can save you, and when you vote for your SAINTED Democrats and they sink the American ship AGAIN, you will drown with them!

A OUT OF CONTEXT VID FROM THE 2003-2004 F/F ACCOUNTING SCANDAL BEFORE DUBYA'S SUBPRIME BUBBLE WAS INFLATED? THAT TYPE OF VID FOR "PROOF" BUBBA?? LOL




In response to criticism, Frank said,

"In 2004, it was Bush who started to push Fannie and Freddie into subprime mortgages, because they were boasting about how they were expanding homeownership for low-income people. And I said at the time, 'Hey—(a) this is going to jeopardize their profitability, but (b) it's going to put people in homes they can't afford, and they're gonna lose them.'"[9]

http://www.newyorker.com/magazine/2009/01/12/barneys-great-adventure


In 2009 Frank responded to what he called "wholly inaccurate efforts by Republicans to blame Democrats, and [me] in particular" for the subprime mortgage crisis, which is linked to the financial crisis of 2007–2009.


He outlined his efforts to reform these institutions and add regulations, but met resistance from Republicans, with the main exception being a bill with Republican Mike Oxley that died because of opposition from President Bush.

Frank Seeks Antidote to Republican Amnesia

http://democrats.financialservices.house.gov/news/documentsingle.aspx?DocumentID=382689


The 2005 bill included Frank objectives, which were to impose tighter regulation of Fannie and Freddie and new funds for rental housing. Frank and Mike Oxley achieved broad bipartisan support for the bill in the Financial Services Committee, and it passed the House. But the Senate never voted on the measure, in part because President Bush was likely to veto it.


"If it had passed, that would have been one of the ways we could have reined in the bowling ball going downhill called housing," Oxley told Frank.


In an op-ed piece in the Wall Street Journal, Lawrence B. Lindsey, a former economic adviser to President George W. Bush, wrote that Frank "is the only politician I know who has argued that we needed tighter rules that intentionally produce fewer homeowners and more renters."



Once control shifted to the Democrats, Frank was able to help guide both the Federal Housing Reform Act (H.R. 1427) and the Mortgage Reform and Anti-Predatory Lending Act (H.R. 3915) to passage in 2007

Barney Frank - Wikipedia, the free encyclopedia

Glad you found that, and since EVERYTHING is recorded, post the video for the people-) Post videos of your chUmpions fighting to regulate F and F. Show us, go ahead! We have videos everywhere, now you show us one, just one!

Where oh where can the video be,

Dad is looking, yesiree,

he knows they don't exist so he has to be good,

before everyone laughs him off this thread for the shill, he issssssssssssss-)

He was out on a date in Barney's car,

They hadn't driven very far,

He looked at Barney and pleaded for some help,

Right before he felt a terrible pain and had, to yelp!

FIND VIDEO SHILL, left wing propaganda doesn't make it, or is that all you got! No video of your guys proposing regs BEFORE the meltdown, you LOSE, period! I have many more, want to see some? Nah, you already lost. No need to waste effort on a dead horse-)

Video huh Bubs? lol

Yes, because Gov't Biz ALWAYS is on vid right? Care to point to the Vid of the GOP ramming down our throats, Medicare Part D in the middle of the night? UNPAID FOR OF COURSE, and Gov't unable to negotiate prices!

 

[Dad2three]

Oh, he screams so loud when he is hosed with truth; just like all shills who have to convince the citizenry of a lie.

Now then, does anyone notice that our shill can NOT produce 1.............let me spell that for you lefties O-N-E..........video of his charming and delightful, sainted Democrats fighting for YOU, the American populace, to regulate F and F? All he can do is scream, yell, whine, cry, moan, and groan, as we can produce video after video showing the warnings that were given, and his sainted Democrats responses to those warnings.

He wants to show us graphs. He wants to show us studies. He wants to show us opinion pieces, ALL BY LEFTIES; but he won't (because he CAN'T) show you one video of them fighting to reign in F and F! Now, if you people want to believe such an obvious shill who has nothing close to the proof we have given; the proof in the lefties OWN words no less, then NOTHING can save you, and when you vote for your SAINTED Democrats and they sink the American ship AGAIN, you will drown with them!

A OUT OF CONTEXT VID FROM THE 2003-2004 F/F ACCOUNTING SCANDAL BEFORE DUBYA'S SUBPRIME BUBBLE WAS INFLATED? THAT TYPE OF VID FOR "PROOF" BUBBA?? LOL




In response to criticism, Frank said,

"In 2004, it was Bush who started to push Fannie and Freddie into subprime mortgages, because they were boasting about how they were expanding homeownership for low-income people. And I said at the time, 'Hey—(a) this is going to jeopardize their profitability, but (b) it's going to put people in homes they can't afford, and they're gonna lose them.'"[9]

http://www.newyorker.com/magazine/2009/01/12/barneys-great-adventure


In 2009 Frank responded to what he called "wholly inaccurate efforts by Republicans to blame Democrats, and [me] in particular" for the subprime mortgage crisis, which is linked to the financial crisis of 2007–2009.


He outlined his efforts to reform these institutions and add regulations, but met resistance from Republicans, with the main exception being a bill with Republican Mike Oxley that died because of opposition from President Bush.

Frank Seeks Antidote to Republican Amnesia

http://democrats.financialservices.house.gov/news/documentsingle.aspx?DocumentID=382689


The 2005 bill included Frank objectives, which were to impose tighter regulation of Fannie and Freddie and new funds for rental housing. Frank and Mike Oxley achieved broad bipartisan support for the bill in the Financial Services Committee, and it passed the House. But the Senate never voted on the measure, in part because President Bush was likely to veto it.


"If it had passed, that would have been one of the ways we could have reined in the bowling ball going downhill called housing," Oxley told Frank.


In an op-ed piece in the Wall Street Journal, Lawrence B. Lindsey, a former economic adviser to President George W. Bush, wrote that Frank "is the only politician I know who has argued that we needed tighter rules that intentionally produce fewer homeowners and more renters."



Once control shifted to the Democrats, Frank was able to help guide both the Federal Housing Reform Act (H.R. 1427) and the Mortgage Reform and Anti-Predatory Lending Act (H.R. 3915) to passage in 2007

Barney Frank - Wikipedia, the free encyclopedia

Glad you found that, and since EVERYTHING is recorded, post the video for the people-) Post videos of your chUmpions fighting to regulate F and F. Show us, go ahead! We have videos everywhere, now you show us one, just one!

Where oh where can the video be,

Dad is looking, yesiree,

he knows they don't exist so he has to be good,

before everyone laughs him off this thread for the shill, he issssssssssssss-)

He was out on a date in Barney's car,

They hadn't driven very far,

He looked at Barney and pleaded for some help,

Right before he felt a terrible pain and had, to yelp!

FIND VIDEO SHILL, left wing propaganda doesn't make it, or is that all you got! No video of your guys proposing regs BEFORE the meltdown, you LOSE, period! I have many more, want to see some? Nah, you already lost. No need to waste effort on a dead horse-)

H.R. 1461 (109th): Federal Housing Finance Reform Act of 2005

H.R. 1461 (109th): Federal Housing Finance Reform Act of 2005 -- House Vote #547 -- Oct 26, 2005


THE ONE PASSED WITH 122 DEM VOTES, AND THE ONE DUBYA THREATENED THE VETO ON BUBBA


LOL

TIMELINE FOR FANNIE/FREDDIE REGULATION

http://democrats.financialservices....11/timeline_for_fannie_freddie_regulation.pdf

 

[Dad2three]

This is how you defeat libs, which is why they hate assertive people. They have no evidence but lefty manufactured stuff. They even try and tell you your eyes and ears aren't seeing or hearing what they are.

How dumb are we?

I don't know about the rest of you, but if you believe this clown on this issue when your own eyes and ears are telling you different, I wouldn't try and make a life changing decision anytime soon!

So remind me what the bill Bush signed did to regulate F/F During the GOP Congress, you know since he got 2 UNFUNDED wars, 2 UNFUNDED tax cuts, UNFUNDED Medicare expansion, Got between a man and his wife (Schiavo), but couldn't pass F/F "reform"?? lol



He killed the *only* bill ever passed by the Republican controlled Congress. Gave it the one fingered salute, according the the Republican House Finance Chair:

He fumes about the criticism of his House colleagues. “All the handwringing and bedwetting is going on without remembering how the House stepped up on this,” he says. “What did we get from the White House? We got a one-finger salute.”

 

[imawhosure]

I was wondering when you would call Debbie Wasserman Shultz and have her give you that, lol. To bad, as usual, you are el wrongo!

For those of you who would rather spend the time reading a bunch of links instead of watching the Democrats shoot themselves in the foot on video, I will answer with the most comprehensive study that I know of on this issue, (which also encompasses H.R. 1461) and explains EXACTLY how BOTH parties screwed the pooch. (the republicans for not being more forceful; the democrats for being obstructionist)

You see, this SHILL thinks he can scare people away by putting forth something, that on its face, seems to possibly support his take on this issue. Nah, cause I know better, and it took about 30 seconds to come up with it since I knew of the report.

Originally, I was just going to cut and paste the relevant part of his phoney-baloney H.R. 1461, but I figure instead of watching us debate the issue, you could better spend your time reading something that is relevant, albeit long. You will learn something, and what you learn will not make this SHILL happy, lolol!

Fannie Mae and Freddie Mac

 

[Dad2three]

I was wondering when you would call Debbie Wasserman Shultz and have her give you that, lol. To bad, as usual, you are el wrongo!

For those of you who would rather spend the time reading a bunch of links instead of watching the Democrats shoot themselves in the foot on video, I will answer with the most comprehensive study that I know of on this issue, (which also encompasses H.R. 1461) and explains EXACTLY how BOTH parties screwed the pooch. (the republicans for not being more forceful; the democrats for being obstructionist)

You see, this SHILL thinks he can scare people away by putting forth something, that on its face, seems to possibly support his take on this issue. Nah, cause I know better, and it took about 30 seconds to come up with it since I knew of the report.

Originally, I was just going to cut and paste the relevant part of his phoney-baloney H.R. 1461, but I figure instead of watching us debate the issue, you could better spend your time reading something that is relevant, albeit long. You will learn something, and what you learn will not make this SHILL happy, lolol!

Fannie Mae and Freddie Mac

Oh right, go from you MUST have a Vid to a book by a UK POLITICIAN that turned Bankster? Repeating AEI LONGGGGG debunked talking points? REALLY? lol

Bubba, get a fukkn brain,


ONCE MORE ALTHOUGH DUBYA HOSED F/F, F/F DIDN'T CAUSE THE WORLD WIDE BANKSTER CRDIT BUBBLE DUBYA CHEERED ON


AND GSE (F/F FOR YOU DUMBASS) DID MUCH BETTER THAN "PRIVATE MARKETS!"

WEIRD, NO RIGHTY HAS YET TRIED TO REFUTE THE FACTS HERE BUBS, WHY?


GSE Critics Ignore Loan Performance



Money talks. It says the only way to measure the quality of mortgage underwriting is to track loan performance — delinquency and default rates, loss severity — in comparison with the rest of the mortgage market. Otherwise, any analysis of the government-sponsored enterprises' role in housing finance is meaningless.

And yet, critics demanding GSE reform ignore the topic altogether. Search through any book or article promoting the thesis that the GSEs helped cause the mortgage crisis for a passage comparing GSE loan performance with the rest of the market. Almost certainly, you will come up empty-handed.

There is no data anywhere to cast doubt on the vastly superior loan performance of the GSEs. Year after year, decade after decade, before, during and after the housing crash, GSE loan performance has consistently been two-to-six times better than that of any other segment of the market. The numbers are irrefutable, and they show that the entire case against GSE underwriting standards, and their role in the financial crisis, is based on social stereotyping, smoke and mirrors, and little else. ..

http://www.americanbanker.com/bankthink/gse-critics-ignore-loan-performance-1059187-1.html


NEXT

 

[Dad2three]

I was wondering when you would call Debbie Wasserman Shultz and have her give you that, lol. To bad, as usual, you are el wrongo!

For those of you who would rather spend the time reading a bunch of links instead of watching the Democrats shoot themselves in the foot on video, I will answer with the most comprehensive study that I know of on this issue, (which also encompasses H.R. 1461) and explains EXACTLY how BOTH parties screwed the pooch. (the republicans for not being more forceful; the democrats for being obstructionist)

You see, this SHILL thinks he can scare people away by putting forth something, that on its face, seems to possibly support his take on this issue. Nah, cause I know better, and it took about 30 seconds to come up with it since I knew of the report.

Originally, I was just going to cut and paste the relevant part of his phoney-baloney H.R. 1461, but I figure instead of watching us debate the issue, you could better spend your time reading something that is relevant, albeit long. You will learn something, and what you learn will not make this SHILL happy, lolol!

Fannie Mae and Freddie Mac

Book Review: Oonagh McDonald's Fannie Mae and Freddie Mac: Turning the American Dream Into a Nightmare

By Peter Wallison (AEI'S, LONE DISSENTER ON DUBYA'S FIN CRISIS COMM)

The McDonald book is remarkable for its relentless focus on the effects of a low-income lending ideology as a cause of the financial crisis. The existence of this bias is probably what makes the left so protective of Fannie and Freddie and U.S. housing policies, since together they implemented the kind of program that Liberals have always wanted.
LOL

Book Review: Oonagh McDonald's Fannie Mae and Freddie Mac: Turning the American Dream Into a Nightmare


LET'S SEE WHAT WALLISON (AND OTHER CONS) FELT PRE DUBYA GREAT BUBBLE POPPED

4. Conservatives sang a different tune before the crash:

Conservative think tanks spent the 2000s saying the exact opposite of what they are saying now...They argued that the CRA and the GSEs were getting in the way of getting risky subprime mortgages to risky subprime borrowers.


WALLISON:

2004: “In recent years, study after study has shown that Fannie Mae and Freddie Mac are failing to do even as much as banks and S&Ls in providing financing for affordable housing, including minority and low income housing.”


LOL

Hey Mayor Bloomberg! No, the GSEs Did Not Cause the Financial Meltdown (but thats just according to the data) | The Big Picture