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Old 09-18-2008, 04:05 PM   #1
exUte
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Default Where in the US if Barney?

As in Barney Frank? Chairman of the Finance Services committe for the past 2 years and influential member since he's been in congress. Here's just a sampling of what he has said and been doing:

"July 2003, Freddie Mac's multibillion-dollar accounting scandal broke into the open. But Mr. Frank was sanguine. "I do not think we are facing any kind of a crisis," he said at the time.

Three months later he repeated the claim that Fannie and Freddie posed no "threat to the Treasury." Even suggesting that heresy, he added, could become "a self-fulfilling prophecy."

In April 2004, Fannie announced a multibillion-dollar financial "misstatement" of its own. Mr. Frank was back for the defense. Fannie and Freddie posed no risk to taxpayers, he said, adding that "I think Wall Street will get over it" if the two collapsed.

Then in July of this year:

“Of the problems that were created by the reckless deregulation that led to the subprime crisis and the neglect of affordable housing that has marked Republican rule in Congress, this package of measures is the best response we could make. It cannot solve all of these deep rooted problems immediately but the bill does represent a mutually reinforcing set of approaches that will begin to diminish the problem,” said House Financial Services Committee Chairman Barney Frank (D-MA). “This will begin to lay the groundwork for a turnaround in the housing market and hopefully in the broader economy as well.”

Geez, I wonder why the dems and liberals have tucked him away somewhere?
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Last edited by exUte; 09-18-2008 at 04:21 PM.
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