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Showing posts with label Barney Frank. Show all posts
Showing posts with label Barney Frank. Show all posts
Monday, December 27, 2010
The New York Times: "How to Derail Financial Reform". I know! EMPOWER MORE DEMOCRATS!
0 comments Posted by kotang at 4:43 AMJust another reactionist editorial from the NYT, blaming Republicans for issues that should belong to both parties in general, and Barney Frank in particular. To name their pet financial reform law the "Dodd - Frank" financial reform law was ironic and laughable.
Barney Frank should be in jail.
Barney Frank's obstructionism to Fannie Mae - Freddie Mac reform must be mentioned again and again. He, more than any other Democrat politician, brought on much of this financial collapse with his refusal to allow George Bush (who asked 17 times) to put Fannie Mae - Freddie Mac under tight regulation along with GSE's in 2007. Morgen Richmond ...
Barney Frank should never have been re-elected.
Until Democrats are weaned away from the successful Moocher - Looter symbiosis they've used to construct an eager but pathetic voting base, a base that's guaranteed to vote Democrat for reasons that are self-serving, ME FIRST!; a base that has nothing to offer but their outstretched, open, expectant palms, we will not have real financial reform. Until this symbiosis is challenged and broken, this Republic will remain at risk of collapse.
Barney Frank should be in jail.
Barney Frank's obstructionism to Fannie Mae - Freddie Mac reform must be mentioned again and again. He, more than any other Democrat politician, brought on much of this financial collapse with his refusal to allow George Bush (who asked 17 times) to put Fannie Mae - Freddie Mac under tight regulation along with GSE's in 2007. Morgen Richmond ...
Let it be noted that in May 2007 Barney Frank and the Democrat-controlled House would go on to pass GSE reform legislation. Legislation which was adamantly opposed by the Treasury Dept. and the Bush Administration for limiting federal oversight of Fannie and Freddie’s mortgage holdings. Legislation which includedThe Community Reinvestment Act should be abolished; Fannie and Freddie, if allowed to continue to exist, must be tightly regulated.
Frank’s pet project, an “affordable housing” fund backed by tax payers.
Let it also be noted that going into 2007 Fannie and Freddie had never in history been allowed to purchase or finance sub-prime mortgages. But under pressure from Democrats in Congress (including Frank), they were granted this authority by regulators in September 2007.
Let it also be noted that in 2007 Frank aggressively pushed to increase the maximum loan limits which could be underwritten by the GSE’s. A move which would ultimately transfer tens of billions of dollars of loan liabilities from private financial institutions to tax payers.
It’s no wonder that even after the total collapse of Fannie and Freddie in 2008, at an ultimate cost to tax payers which could exceed $400B, Barney Frank is still adamantly opposed to legislation which would prevent any further federal bailouts of the GSE’s. For Democrats like Frank, continued control over Fannie and Freddie represents the effective nationalization of the entire mortgage industry. It’s a dream come true for those who wish to use the power of the federal government to implement their desired social and redistributive policies.
Barney Frank should never have been re-elected.
Until Democrats are weaned away from the successful Moocher - Looter symbiosis they've used to construct an eager but pathetic voting base, a base that's guaranteed to vote Democrat for reasons that are self-serving, ME FIRST!; a base that has nothing to offer but their outstretched, open, expectant palms, we will not have real financial reform. Until this symbiosis is challenged and broken, this Republic will remain at risk of collapse.
Wednesday, January 20, 2010
Democrat's Health Care plan leaves the bridge, flips, now underwater; scrabbling and clawing with desperate, futile fingernails in a shrinking air bubble at the rear window.
0 comments Posted by kotang at 5:28 AMObamacare was driven off a bridge last night. At the wheel, an intoxicated Democrat majority party emboldened by "I WON!" and rushing headlong to make it to a nonexistant far-left socialist nirvana to make out with European-style, Constitution-free CHANGE. Scott Brown (R, Kennedy) is the "Scott Heard 'Round the World".
Sorry, guys and gals of far-leftist "Progressive" persuasion, ObamaCare is not happening anytime soon. At least not without an overhaul that includes, you know, Republican input. Got tort reform? Want to open those closed doors? Air out the rooms? Maybe turn on the C-SPAN cameras next time like you promised?
Another Massachusetts liberal Democrat, Barney Frank, has acknowledged the near-death struggles of ObamaCare, giving this statement last night (read aloud on MSNBC by a shaken Rachel Maddow). Video here; transcript...
“I have two reactions to the election in Massachusetts....from the American Spectator.
One, I am disappointed.
Two, I feel strongly that the Democratic majority in Congress must respect the process and make no effort to bypass the electoral results. If Martha Coakley had won, I believe we could have worked out a reasonable compromise between the House and Senate health care bills. But since Scott Brown has won and the Republicans now have 41 votes in the Senate, that approach is no longer appropriate.
I am hopeful that some Republican Senators will be willing to discuss a revised version of health care reform because I do not think that the country would be well-served by the health care status quo.
But our respect for democratic procedures must rule out any effort to pass a health care bill as if the Massachusetts election had not happened. Going forward, I hope there will be a serious effort to change the Senate rule which means that 59 votes are not enough to pass major legislation, but those are the rules by which the health care bill was considered, and it would be wrong to change them in the middle of the process.” [emboldenings mine -ed.]
Barney Frank isn't the only Democrat watching the scrabbling fingernails from the safety of dry land. Democrat Senator Jim Webb (D, VA)...
"It is vital that we restore the respect of the American people in our system of government and in our leaders. To that end, I believe it would only be fair and prudent that we suspend further votes on health care legislation until Senator-elect Brown is seated."
One more bit of schadenfreude to indulge in (for now). Last night I posted three quick "Watching the Liberals Bewail: Parts 1, 2 and 3. Just one more.
Ted Kennedy lived in the Kennedy Compound of course, located in Hyannis, MA; the Barnstable Township on Cape Cod. Last night, Ted Kennedy's home township voted Scott Brown (see the entire interactive map at the aghast Grey Lady).
A nice final slap-in-the-face to a drunken sot.
Cheers~!
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