VIDEO: O’Reilly vs Frank – The Fannie & Freddie Collapse – Barney Frank denies everything

VIDEO: The Famous Barney Frank Statement – “Fannie & Freddie” are just fine.

REPRESENTATIVE BARNEY FRANK STATES: FANNIE IS FINE:

REPRESENTATIVE FRANK WENT ON TO SAY PUSHING SUB-PRIME NINJA AND LIAR LOANS WOULD BE HIS PRIORITY – WHILE FRANK CRITICZED “GOLDEN PARACHUTES” – HE NEGLECTED TO MENTION IT WAS DEMOCRATS WHO WERE RECEIVING THEM AND HE DID NOTHING TO PREVENT IT …

McCauleysweblog: The following Articles describe the role of “political ideology” in the Financial Crisis – How Politics fueled the crisis:

Professor Stan Liebowitz: The Real Scandal – http://www.nypost.com/seven/02052008/postopinion/opedcolumnists/the_real_scandal_243911.htm?page=0

Professor Thomas J DiLorenzo: The CRA Scam and its Defenders: http://www.mises.org/story/2963

John R Lott, Jr : Analysis – Reckless Mortgages Brought Financial Market To Its Knees http://www.foxnews.com/story/0,2933,424945,00.html

Democratic Speaker Pelosi – Republican Opposition is Unpatriotic – Exposes Dem Deal Lie

PELOSI CONFIRMS HOUSE REPUBLICAN BOYCOTT – A BOYCOTT McCAIN BROUGHT TO AN END – EXPOSES DEMOCRATIC LIES ABOUT NEGOTIATIONS 

How can you believe anything that comes out of Democrat’s mouth these days. No wonder the old joke has been around so long – How can you tell when a Democratic Politician is lying – their lips are moving.

Earlier this weekend the Democrats rushed to the podium and announced to the Press “WE HAVE A DEAL”. That proclamation was a “bold face lie“.

Then the Democrats claimed – McCain “blew-up” the non-existent agreement – a lie upon a lie.

The fact that the Republican House was boycotting the negotiations went nearly unreported. The Democratic Spin was the third lie – Democrats claimed the hold up hand something to do with “Executive Compensation” and “John McCain”.  The truth – the Congressional Republican Caucus challenged Democratic attempts to flood the Bailout with additional spending and, how dare they, question whether the Paulson Bailout Plan, was in the best interests of the American Public. Should $700 Billion of Main Street’s Money be spent on Wall Street? How dare the Republicans ask that question?    

Late Friday night Democratic Congressman Barney Frank exposed the Democratic lie when he acknowledged that the House Republicans were Boycotting negotiations and had been boycotting the negotiations for days before McCain arrived back in Washington. McCain’s trip to Washington highlighted the boycott and changed the basic nature of negotiations. How could the Democrats dare to claim an “agreement” when the House Republicans were not even participating in the negotiations –

Today Pelosi confirmed the Republican Congressional Boycott and while doing so confirmed her lies concerning “A DEAL” this past Friday. Pelosi condemned the Repubican’s for boycotting the earlier negotiations and called the Republicans “unpatriotic” for looking out for the American tax payors while they challenged “The Paulson Bailout”.

Pelosi shouldn’t count her chickens before they hatch – the House Republicans have not committed to vote for the current proposal – in fact the final language is just being drafted as this post is being typed,

Contact Senator Pelosi and let her know what you think about her “un-patriotic” claim –

Contact your Congressperson and Senator and tell them to vote NO!

Contact Your Senators Here:  http://www.emailyoursenator.com/senators.html  Click on your Senators, Select the Contact Folder and then  click on the email address.

Contact Congresspeople: http://www.house.gov/zip/ZIP2Rep.html You’ll need your zip  code

Accountability For The Subprime Crisis – Where were you Barney

Barney Frank Told Us So…Again.

By Jim Conley • Sep 6th, 2008 • Email This Post to a Friend •  Print This Post

Remember back in July when Rep. Barney Frank told the Boston Globe that the mortgage giants Freddie Mac and Fannie Mae were “not in danger of going under.” And that, “their prospects going forward are very solid.”

Remember that?

Guess it depends on your definition of solid.  Because today it has been announced that the two companies will be placed under federal control.

Frank is chair of the House Financial Services Committee, and his comments in July were offered to shore up investor confidence in the two quasi-government agencies.  Now taxpayers get to pony up tens of billions in order that these companies might go forward, solidly one hopes.

You know, for someone who is quick to tell others how wrong they are [see this on the St. Aidan’s project], Frank’s tenure as chair of Financial Services has seen one disaster after another.

The log in one’s eye, and all that.

Update: Tomorrow’s Times has a story up on the federal takeover that features this:

“We have just had to nationalize the two largest financial institutions in the world because of policy makers’ inaction,” said Josh Rosner, an analyst at Graham Fisher, an independent research firm in New York, and a longtime critic of the government-sponsored enterprises. “Since 2003, when these companies’ accounting came under question, policy makers have done nothing. Even though they had every reason to know that the housing market’s problems would not be contained to subprime and would bring down the houses of Fannie and Freddie.”

Since 2003?  How could Frank be shoring up confidence in these firms when it was widely known that their accounting methods were suspect?

Well, it’s because those who finance his campaigns are the very industry his Committee is suppose to oversee.  And he thinks we’re chumps.

SEE THE VIDEO: Barney in his own words – Simply breathtaking.

Read Professor Stan Liebowitz’s Article On the History of The Crisis Here: http://www.nypost.com/seven/02052008/postopinion/opedcolumnists/the_real_scandal_243911.htm?page=0

Read Thomas DiLorenzo’s Article, “The CRA Scam and its defenders.” http://www.mises.org/story/2963

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