The Fanny Mae & Freddy Mac debacle is Barney Franks fault

DarkWizard12 · 09-17-08, 06:02 PM

Look, the problems here have been caused by a mix of both the irresponsibility by the government leadership in the past, and the Fed ignoring the problem now. In fact, I would say that the FED is the problem now. People keep saying "Regulate! Regulate! That will save the market!" which is the most stupid argument I've ever heard. We are trillions in debt and now the Democrat solution is to take out uncle Sam's credit card and run up the debt some more with all the "regulation" and "giant corporate bail-outs(which, by the way, what about all the small-businesses that have failed)? Yea right, that will absolutely kill the economy! Whats happening is a Federal Reserve Board run by Rich-kid Bernanke and a do-nothing US treasury department. This type of irresponsibility is unheard of. We should be having invistigations, not bail-outs! After-all, inside the dark-rooms of the Reserve Board is representing the best interests of the American people?

Iriemon · 09-19-08, 07:13 PM

Quote:

Originally Posted by ARealConservative

I'm not going to chronicle all your past posts - but all of them that push the pass the buck on a single party is partisan.

I see, you just felt like flaming in this thread for no particular justification.

Iriemon · 09-19-08, 07:14 PM

Quote:

Originally Posted by ARealConservative

?

What is your point? His bio lists him as the chair beginning in 2006. Is it wrong?

No, That's not what is listed in his bio.

I became Chairman of the Committee on Financial Services in January, 2007.

Congressman Barney Frank - MA-04

My point is you are wrong saying he was chair in 2006.

Iriemon · 09-19-08, 07:15 PM

Quote:

Originally Posted by DarkWizard12

Look, the problems here have been caused by a mix of both the irresponsibility by the government leadership in the past, and the Fed ignoring the problem now. In fact, I would say that the FED is the problem now. People keep saying "Regulate! Regulate! That will save the market!" which is the most stupid argument I've ever heard. We are trillions in debt and now the Democrat solution is to take out uncle Sam's credit card and run up the debt some more with all the "regulation" and "giant corporate bail-outs(which, by the way, what about all the small-businesses that have failed)? Yea right, that will absolutely kill the economy! Whats happening is a Federal Reserve Board run by Rich-kid Bernanke and a do-nothing US treasury department. This type of irresponsibility is unheard of. We should be having invistigations, not bail-outs! After-all, inside the dark-rooms of the Reserve Board is representing the best interests of the American people?

How is it the Democrats fault that the Govt is bailing out huge companies that have operated in the past 8 years in unregulated environments, and that the government has allowed to grow so huge that it can't afford to let them fail?

TacticalEvilDan · 09-19-08, 07:20 PM

Actually, Alan Greenspan got us started on the road to sub-prime mortgages back in 2001.

No, I'm not kidding.

Look it up your own damn selves.

bhkad · 09-19-08, 07:31 PM

Quote:

Originally Posted by TacticalEvilDan

Actually, Alan Greenspan got us started on the road to sub-prime mortgages back in 2001.

No, I'm not kidding.

Look it up your own damn selves.

Quote:

Originally Posted by Iriemon

How is it the Democrats fault that the Govt is bailing out huge companies that have operated in the past 8 years in unregulated environments, and that the government has allowed to grow so huge that it can't afford to let them fail?

Did John McCain try to prevent this from happening in 2006 or didn't he?

Hot Air Blog Archive McCain’s attempt to fix Fannie Mae, Freddie Mac in 2005; Update: Obama can’t get AIG right

TacticalEvilDan · 09-19-08, 07:54 PM

Quote:

Originally Posted by bhkad

Did John McCain try to prevent this from happening in 2006 or didn't he?

Hot Air Blog Archive McCain’s attempt to fix Fannie Mae, Freddie Mac in 2005; Update: Obama can’t get AIG right

I actually don't care.

What I care about is that additional regulatory and oversight authority is going to be given to the same body which caused this crisis to begin with:

The Federal Reserve.

DarkWizard12 · 09-19-08, 08:15 PM

Quote:

Originally Posted by Iriemon

How is it the Democrats fault that the Govt is bailing out huge companies that have operated in the past 8 years in unregulated environments, and that the government has allowed to grow so huge that it can't afford to let them fail?

You just sit there and ponder the blatant partisanship you just made. I'll talk about the real issue, corruption of both the FED and the treasury.

ARealConservative · 09-19-08, 10:09 PM

Quote:

Originally Posted by Iriemon

No, That's not what is listed in his bio.

I became Chairman of the Committee on Financial Services in January, 2007.

Congressman Barney Frank - MA-04

My point is you are wrong saying he was chair in 2006.

Even more reason to question why someone would attempt to blame him for this, which was my point all along.

obvious Child · 09-19-08, 10:18 PM

Quote:

Originally Posted by ARealConservative

?

What is your point? His bio lists him as the chair beginning in 2006. Is it wrong?

And given that the origins of this mess started at the absolutely minimum in 2005 and more likely 2001, it's real questionable. But most people can't see the forest for the trees.

09-17-08, 06:02 PM	#11
DarkWizard12 Conservative Independent Join Date: Sep 2007 Last Seen: Today 12:39 AM Location: Tyler TX Posts: 5,550 Thanks: 2,641 Thanked 1,284 Times in 840 Posts Lean: Independent Gender:	Re: The Fanny Mae & Freddy Mac debacle is Barney Franks fault Look, the problems here have been caused by a mix of both the irresponsibility by the government leadership in the past, and the Fed ignoring the problem now. In fact, I would say that the FED is the problem now. People keep saying "Regulate! Regulate! That will save the market!" which is the most stupid argument I've ever heard. We are trillions in debt and now the Democrat solution is to take out uncle Sam's credit card and run up the debt some more with all the "regulation" and "giant corporate bail-outs(which, by the way, what about all the small-businesses that have failed)? Yea right, that will absolutely kill the economy! Whats happening is a Federal Reserve Board run by Rich-kid Bernanke and a do-nothing US treasury department. This type of irresponsibility is unheard of. We should be having invistigations, not bail-outs! After-all, inside the dark-rooms of the Reserve Board is representing the best interests of the American people?

09-19-08, 07:20 PM	#15
TacticalEvilDan DCKRIDN YUR TARDZ Join Date: Feb 2008 Last Seen: Yesterday 10:20 PM Location: Upstate NY Posts: 2,309 Thanks: 729 Thanked 734 Times in 461 Posts Gender:	Re: The Fanny Mae & Freddy Mac debacle is Barney Franks fault Actually, Alan Greenspan got us started on the road to sub-prime mortgages back in 2001. No, I'm not kidding. Look it up your own damn selves.
	__________________ DURKA DURKA JIHAD "No man is good enough to govern another man without that other's consent." -- Abraham Lincoln

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