Barney Franks is Quitting!

http://www.thebostonchannel.com/r/29870145/detail.html

I wonder if he can see the writing on the wall? Is this the beginning of the end of a socialist America?

 

No, I don't think so. I think what happened was that Frank saw the writing on the wall and decided that he did not want to risk the humiliation of being defeated in the next election. A lot of his power is already diminished, so he may have thought it was better to cut ties on his own rather than wait for them to be cut for him.

 

Good riddance to bad rubbish! My fondest hope is that this socialistic dimwit fades into obscurity and the country is forever denied seeing his nauseating visage or hearing his slobbering, lying words again.

 

The left just seems to be losing their vanguard at an alarming rate, don't they?

 

Thank you for all you did Mr. Frank. Your retirement is certainly well deserved after 30 years. You were a true public servant.

 

He nearly singled handedly brought down the economy. I guess that is worth your praise, but do us a favor and not visit it upon the rest of us.

 

The fact that the RW'ers hated you so much means you did a great job. Thanks again Mr. Frank.

 

Really? Single-handedly you say? Because you know something the rest of the world doesn't? According to the conservative Ecomomist magazine:

So who is to blame? There’s plenty of blame to go around, and it doesn’t fasten only on one party or even mainly on what Washington did or didn’t do. As The Economist magazine noted recently, the problem is one of "layered irresponsibility … with hard-working homeowners and billionaire villains each playing a role." Here’s a partial list of those alleged to be at fault:

■The Federal Reserve, which slashed interest rates after the dot-com bubble burst, making credit cheap.
■Home buyers, who took advantage of easy credit to bid up the prices of homes excessively.
■Congress, which continues to support a mortgage tax deduction that gives consumers a tax incentive to buy more expensive houses.
■Real estate agents, most of whom work for the sellers rather than the buyers and who earned higher commissions from selling more expensive homes.
■The Clinton administration, which pushed for less stringent credit and downpayment requirements for working- and middle-class families.
■Mortgage brokers, who offered less-credit-worthy home buyers subprime, adjustable rate loans with low initial payments, but exploding interest rates.
■Former Federal Reserve chairman Alan Greenspan, who in 2004, near the peak of the housing bubble, encouraged Americans to take out adjustable rate mortgages.
■Wall Street firms, who paid too little attention to the quality of the risky loans that they bundled into Mortgage Backed Securities (MBS), and issued bonds using those securities as collateral.
■The Bush administration, which failed to provide needed government oversight of the increasingly dicey mortgage-backed securities market.
■An obscure accounting rule called mark-to-market, which can have the paradoxical result of making assets be worth less on paper than they are in reality during times of panic.
■Collective delusion, or a belief on the part of all parties that home prices would keep rising forever, no matter how high or how fast they had already gone up.
The U.S. economy is enormously complicated. Screwing it up takes a great deal of cooperation. Claiming that a single piece of legislation was responsible for (or could have averted) the crisis is just political grandstanding. We have no advice to offer on how best to solve the financial crisis. But these sorts of partisan caricatures can only make the task more difficult.

I don't even see Feddie or Fannie mentioned. Perhaps you simply have an ill-informed agenda. Keep believing those Right-wing memes. You look more foolish each time.

 

And just who do you think was in charge of/lead the opposition for the Senate oversight of:

■Home buyers, who took advantage of easy credit to bid up the prices of homes excessively.
■Congress, which continues to support a mortgage tax deduction that gives consumers a tax incentive to buy more expensive houses.
■The Clinton administration, which pushed for less stringent credit and downpayment requirements for working- and middle-class families.
■Mortgage brokers, who offered less-credit-worthy home buyers subprime, adjustable rate loans with low initial payments, but exploding interest rates.
■The Bush administration, which failed to provide needed government oversight of the increasingly dicey mortgage-backed securities market.
■An obscure accounting rule called mark-to-market, which can have the paradoxical result of making assets be worth less on paper than they are in reality during times of panic.
■Collective delusion, or a belief on the part of all parties that home prices would keep rising forever, no matter how high or how fast they had already gone up.

You might try readiung my signature to see how else he was involved;
when the Bush administration proposed much tighter regulation of the two companies, Frank was adamant that "these two entities, Fannie Mae and Freddie Mac, are not facing any kind of financial crisis." When the White House warned of "systemic risk for our financial system" unless the mortgage giants were curbed, Frank complained that the administration was more concerned about financial safety than about housing.

 

I debunked your signature claim a long time ago. Why rehash it now because you decided to ignore Bush calling for easing credit restrictions...What was it back in 2004? You signature is a meaningless RW meme like all of your signatures have been. The fact is that the only legislation passed by both democrats and Republicans was that they were no longer able to redline mortgage applications. In other words they had to consider each application on the merits of the applicant not where they lived. That didn't cause the crash. You know this and as I've asked before, show me one instance of the Federal Government forcing any bank in the country to give someone a loan that the lender had denied. Don't worry about searching for one, they don't exist. But keep pushing the RW lies. You certainly are able to push inconvenient facts out of your mind.

 

Don't let the door hit you on the way out, Barney.

 

In 2008, the bubble had already burst. But back in 2002, we had Dubya saying this.

“We can put light where there’s darkness, and hope where there’s despondency in this country. And part of it is working together as a nation to encourage folks to own their own home.” — President Bush, Oct. 15, 2002

This is a must watch video. In Bush's own words....

 

Maybe you guys have Barney all wrong. Afterall, he did encourage small business when he & his boyfriend set up a brothel in the home they shared!

 

Barney Frank man of ethics?
1. Paying a male prostitute for sex.
2. Ended paying for sex by having the male prostitue live with him.
3. The male prostitute was using home as a place of illegal business but still serviced Barney for free so what the hay.
4. Barney had 33 of the male prostitutes parking tickets wavied using his political position.
5. Barney interferred with the law in using his office to premature end a legal decision against his prositute friend.
6. Barney getting free vacations and private jet service from after pushing for a 200 million bail out of a billionaire from the billionarie = same type of pattern of behavior with the prosititue.
I can go on but Barney Frank is no statesman just another power hungry pants on the floor politician who goes to the highest bidder. Did not matter if he was Dem or Rep. he was just bad for this democracy.

 

Here's an interesting commentary on Obama that everyone may enjoy. I posted it here since it mentions Barney Frank:

Democrats Bailing on Obama

COMMENTARY | In 2008, a mystery candidate named Barack Obama made history by becoming the first African American president of the United States.

Today, Obama has a record, a very public record, with very real consequences. Among his most notable achievements: the most deficit spending of any president from George Washington to Ronald Reagan, stagnant unemployment, a record number of Americans living below poverty level and dependent on some form of government assistance and the first downgrade of the U.S. credit rating in United States history -- all while setting the national record for most rounds of golf played by a sitting president.

Republicans and the tea party tried to warn you. But most didn't listen. They were too busy chanting Hope and Change and calling anyone who didn't buy into it a racist. Now, as all those admonitions of economic and social chaos continue to come to ugly fruition, even Congressional Democrats, liberal pundits, pollsters and once rabidly loyal members of the mainstream media are starting to squirm with discomfort.

It's all about saving face, mind you. They knew the chaos would come too. They just know it's just getting harder for them to keep spinning three years of failure into a believable success story without looking like a fool. So now, just as Bush loyalists turned on George near the end of his struggling presidency, the most devoted of Obama's public relations support unit are bailing.

In August, Politico reported Democrat strategist James Carville offering a single word of advice for the struggling president: "Panic." On Monday, Patrick Caddell, President Carter's pollster, and Douglas Schoen, who advised President Bill Clinton's re-election, suggested through an op-ed in the Wall Street Journal that it's time for Obama to "step aside" and give the nomination to Hillary Clinton.

According to a recent CNN/ORC International Poll 26 percent of Democrats would prefer that their party nominate another candidate for president. While that is hardly a majority, that number was only 18 percent a month ago.

In September, after listening to Obama's absurd class warfare rhetoric that the "millionaires and billionaires" need to pay their "fair share" of taxes, even the Associated Press had to call him out and bear the facts that prove "they already are."
Because of their highly unpopular fiscal policies, like Obamacare and the waste of his 2009 trillion-dollar stimulus, Democrats were pummeled in the 2010 midterms. Losses in the Sept. 13 House special elections in New York and Nevada were again attributed directly to Obama.

In anticipation of another drubbing in 2012, seventeen House Democrats - including the 16-term Democrat from Massachusetts, Rep. Barney Frank -- have decided not to seek reelection.

http://news.yahoo.com/democrats-bailing-obama-230600151.html

 

Funny, no one seems to be blaming Mr Frank for the housing crisis once they see this video. Another RW meme exposed for what it is I guess. Keep in mind this was all while the Cons had control of the White House the Senate and the House of Reps. So Barney Frank didn't really have much power.

 

Apparently I am a no one.

 

....and you are guilty of ignoring the scandals Frank has been party to. Please tell us what you think of the brothel he had running out of his home. Shouldn't that have been enough to run him out of DC a long time ago?

 

Oh I'd love to hear you respond to Bush's own words and then try to say Barney Frank single-handedly caused the housing crisis. That would be interesting.