Posted by
The New THOMA$ REPORT on Sunday, October 31, 2010 2:12:32 PM
“There’s a good reason why Barney Frank is the poster child for the mortgage mess and the housing collapse: It was Barney Frank who, as chairman of the Banking Committee in 2007, continued to push for home ownership even for people who couldn’t afford it. He prevented oversight and regulation, allowing people to rush into mortgages they never should’ve gotten. It was Barney Frank did absolutely nothing to rein in Fannie Mae and Freddie Mac. This ended in disaster, causing misery beyond description. It was Barney Frank who, as Chairman of the powerful Financial Services Committee, was in charge of overseeing Wall Street. It was Barney Frank who wrote the infamous $700 billion Wall Street Bailout bill. It was also Barney Frank who wrote the “regulations” that went easy on his Wall Street pals.” He saw to it a bill was passed into law that FORCED lenders to lend money to people who could never repay it (The “Citizen’s Reinvestment Act of 1976) and now Democrats are blaming “irresponsible lending” (that they FORCED on them) for our current economic problems, Barney SHOULD be “put out to pasture” so he can go and spend more time with his boyfriend, which will keep them both out of trouble. (
My Fox, Chattanooga)