Barney Frank: “…Now They’re Starting to Hate Me…”
By Larry Doyle on July 2, 2009 at 1:01 PM in Economy, Fannie Mae, Freddie Mac, Sense on Cents (Larry Doyle blog)
U.S. Rep. Barney Frank (D-MA), House Financial Services Committee Chairman
As the Wall Street Journal reports in Finance Lobby Cuts Spending as Feds Targeted Wall Street:
Wall Street’s spending on efforts to influence policy making diminished at the start of this year as the image of financial institutions has suffered with lawmakers and the public. Some of the sector’s major advocate groups lost funding and staff. Their spending declined just as the administration was hammering out its proposal for the biggest reorganization of financial-market oversight since the 1930s, details of which the White House released last month.
Industry lobbyists met last week to craft a response to the White House’s draft regulatory overhaul, particularly its creation of a consumer-oriented regulator for financial products, which could force major changes in how financial instruments are created and marketed. Whether or not the industry can influence this top administration priority, now that the plan is in the hands of Congress, will be a big test of its remaining clout.
The gig is up!!
Washington and Wall Street are finally starting to appreciate that America is getting wise to their incestuous relationship. Washington and Wall street are waking up to the waste that they have made of the American economy. Washington and Wall Street now realize that the mainstream media is being overwhelmed by independent citizens with strong voices demanding to be heard.
While politicians from both sides of the aisle are enmeshed in this incestuous relationship and culpable for our current fiscal condition, in my opinion, no single politician epitomizes it more than the Congressman from Taxachusetts, Barney Frank. Can we ever forget how Barney wanted to “roll the dice” on sub-prime lending? The WSJ reports that Barney told John Courson, new president of the Mortgage Banker’s Association:
“Everybody hates you, and now they’re starting to hate me for hanging out with you.”
Starting? Perhaps Barney believes America is merely “starting” to hate him for hanging out with mortgage bankers but it runs much deeper than that.
America hates all politicians and bankers who have sold out our country.
For those who care to fully understand why and how this level of hatred has gotten to this level, please review:
Barack and Barney Look to Further Plunder Freddie and Fannie
BREAKING NEWS 7-1-09 > Barack and Barney did it as Bloomberg just reports, Fannie, Freddie to Refinance Larger Underwater Loans.
Barney Frank: Twenty Years and Hundreds of Billions Later on Private Profit/Social Loss
Don’t Be Downwind From Barney Frank
How Wall Street Bought Washington
If after all this, the residents of Taxachusetts remain enamored with Barney Frank, on behalf of America make him your own. How so?
Now that Deval Patrick has been exposed as a political lightweight, throw him out and make Barney governor.
You’d be doing America a huge favor.
LD
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How’s that stimulus working out so far?
Sorry Barney…….I have hated you from the start.
Hahaha. Good one, oowawa. And perfect for Barney!
Frank must be tone deaf if he thinks the growing distrust and animosity started last week. His comments about Frannie Mae and Freddie Mac last year, how they were perfectly sound and solid, shortly before they collapsed was the point at which I said, “something’s very rotten in Denmark.”
It would be bad enough if Barney was the exception to the rule. But we have a whole slew of these so-called “representatives” from both parties with dirty hands and blanched hearts.
Time to start calling them out. They deserve more that our disdain. They deserve a Spartan jailcell. Toss them in with Bernie Madoff, birds of a feather.
The Frank whine is incredible. These people really have no regard for the public. They’re too busy covering their own rearends.
You do have to admire his re-election slogan though. “Help me finish what I started”. That is priceless.
I have been posting that fact ever since I saw the campaign commercial (before I canceled cable). In that same commercial, BF also blames GWB and the R’s for ‘getting us into this financial mess,’ leaving out the fact that the D’s had controlled Congress for the previous 2 (two) years.
I live in BF’s district; you cannot believe what liberal white racists live here. (You can ask my black teenage son.)
Awwww, poor BF. Maybe President Obama can hug him like he did the homeless woman or cancer lady? He is such a snugglebug this kee-razy new POTUS of ours. Or are his hugs only for the tee vee?
O’s a snugglebunny for sure, but I don’t think he’s got the nerve to hug Barney in front of the cameras . . .
Who could hate Mr. There’s nothing wrong with Freddie Mac or Fannie Mae? I mean the folks who bought homes using those programs, and then lost them, couldn’t possibly be upset could they? Nah.
Hate him? I hate Satan. I absolutely DETEST that Barney Frank!!!
Gee, that’s a damn shame. Thanks for the laugh LD!
I can’t believe I voted for this guy when I lived in MA. It may be hard to believe NOW, but he USED to be for “the little people” – or at least he gave a much better performance that he was.
That being said, I lost respect for him a while ago…
R3A, I recall you mentioned you had voted for BF in an earlier comment. I meant to ask whether you lived in MA; sorry to find out, you moved.
Wikipedia has compiled a plethora of numbers for us, president by president, party by party, showing federal spending, federal debt, and the corresponding GDP:
http://en.wikipedia.org/wiki/National_debt_by_U.S._presidential_terms
Note the increasingly steep spikes in annual federal deficits over the past 40 years, and then take note of who was running the store during each of those spikes.
Now perform the same sort of review, looking instead at decreases in the rate of deficit spending.
The numbers speak clearly. Draw your own conclusions.
Your apoligies and excuses are becoming more and more irrelvant, ziggy. That was then, this is now.
The ship is sinking. Or haven’t you noticed?
And you know what? Regardless of the party with the biggest footprint, even Obamatrons will drown.
Yet another irrelevant argument from the master of illogic. Your constant appeal to common practice has become old, Zippy. How many times does one have to instruct you that such arguments are fallacious. Let me add that even if we grant you this petty little diversionary tactic, it does not answer the current charge. You are never on point, never respond in a straightforward manner, and always fall back on the such and such did it, too. This thread is not about past administrations, your insipid protestations to the contrary. Try for once in your sorry comic-strip existence to stay on topic, focus on the subject at hand, and refrain from non-sequiturs.
Won’t be that way for long. Barney Frank doesn’t need to worry either whole lot of people are going to be hated here shortly, he won’t be alone in his boat. Although for Barney to me his biggest problem is he doesn’t know when to stop, he’s once again screwing around in the housing market asking them to drop the qualifications, we’re going to end right back up in the same boat.
For complete story:
http://tinyurl.com/nmvohp
I am thinking Barney (the big white dinosaur) is going to want to resurrect the housing bubble as soon as they realize that stimulus isn’t going to work and the closer we get to another socks and underwear Christmas for Americans.
And who controls the purse strings? Congress.
On behalf of the LGBT community:
Go S.C.R.E.W. urself Barney!
On every single interview I’ve seen him give for months, he ends up dodging questions and angrily accusing the interviewer of trying to ambush him, and then end’s the interview. Even if it is a “friendly” interviewer. When a tough question is asked. he never give and answers to anyone (liberal or conservative)
vote out all these crooks.asap
From the WSJ
Barney Frank, Car Czar
Let GM restructure…except in my state.
http://online.wsj.com/article/SB124416281882387463.html
The people he screwed have no money left, no jobs, no future and he worries that everybody hates him. Who are these crooks, these idiots that the Americans put in office? America is a sinking ship and Frank is whining, BO poses with fake hugs and gives luaus while N Korea threatens to aim a missile at Hawaii. These are crazy Madoff like criminals but instead of ripping off billions they’e into he trillions. God save us.