isn't it fabulous! Rep. Frank won’t run for reelection By Erik Wasson - 11/28/11 09:54 AM ET Rep. Barney Frank (D-Mass.) will announce Monday that he is not seeking re-election, a spokesman said Monday morning. Frank, the ranking member of the House Financial Services Committee was the architect with Sen. Chris Dodd (D-Conn.) of the sweeping financial reform bill that bears their names. Frank is scheduled to hold a press conference at 1 p.m., and the spokesman said the congressman would announce at that time the reason for his decision.
it's not bawney's retirement, but rather the prospect of maxine waters taking his place on the house financial services committee.
Mr. Frank would be about #535 on the list of incumbents I'd like to be rid of. But soon they all will have to go.
I loved the way Frank addressed imbeciles in the media and in politics in general. I also love the thread titles, subtle gay references, and third grade antics by basso.
I look forward to the day when it's not acceptable to use this kind of sweeping, demeaning characterization of homosexuals. Maybe once the pubbies figure this out people will start voting for them.
Barney Frank can suck **** and still out legislate anybody in the House or Senate on the Republican side. That's like winning an an Olympic swimming medal when you were born without any arms.
what's so special about the word then to highlight it in italics? nice double standard card you just pulled, I couldn't see that one coming from a mile away!
He knew exactly what he was doing. He's trying to act like it wasn't anything derogatory because he's on the verge of being banned. he doesn't want to lose his posting job.
Not that you don't already know this, but it's kind of uncool painting people as an effeminate caricature based on who they like to have sex with. Would you lead off a thread with this if it were an Asian senator stepping down? Grow up.
“I think it is clear that Fannie Mae and Freddie Mac are sufficiently secure so they are in no great danger… Fannie Mae and Freddie Mac do very good work, and they are not endangering the fiscal health of this country.” - Barney Frank in 2003 in opposition to the Bush Administration's proposed regulations.
Are you implying that when he said that in 2003 it was not correct? So here is the 2003 story: New Agency Proposed to Oversee Freddie Mac and Fannie Mae By STEPHEN LABATON Published: September 11, 2003 The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago. Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry. The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios. The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac -- which together have issued more than $1.5 trillion in outstanding debt -- is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates. So the party of limited government would have created a new agency, that we now can only guess, would have been staffed by the same bankers that ran the rest of the mortgage industry. (In what might have been a veiled attempt to push more mortgages into the more profitable private sector instead of the public insured sector) A searing indictment of Mr. Frank indeed.
Yes, because as I edited in later, I think it was an effort by private mortgage companies to limit the cheaper public insured option and open up more business to their high profit side, for them to abuse and repackage. If anyone wanted better regulation you could have done it within the context of Congress, not removed it to the Executive Branch for Bush appointees. And no one, no one, saw a housing price decline crisis in 2003. It was still all about how to make more money from a low rate environment. And nobody rapes better than Rovies.
