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Barney gets a hot foot .... more in store??

Discussion in 'Political Discussion' started by Fogbuster, Apr 7, 2009.

  1. Fogbuster

    Fogbuster Rookie

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    The postman always rings twice, according to movie lore. Others speak of karma, of pendulums swinging back, of water seeking its own level, what goes around comes around. Whatever metaphor one chooses, Barney Frank is under the microscope, and we are all better for it. May the transparency begin and the truth be told!!!


    [size=+5]Harvard student takes on
    Rep. Frank[/size]


    Last Edited: Tuesday, 07 Apr 2009, 11:30 AM EDT
    Created On: Monday, 06 Apr 2009, 8:08 PM EDT

    CAMBRIDGE, Mass. (myfoxboston) - It all started with a question: "How much responsibility, if any, do you have for the financial crisis?"

    Rep. Barney Frank (D-Mass) and a conservative Harvard law student debated over how Frank should have handled his role as the House Chairman of the Financial Services Committee. Frank was at Harvard University for a speech at the Kennedy School of Government.

    Frank said the student wasn't backing up his claims, invoking some laughter from the crowd, and the student told Frank he wasn't answering his question.

    Harvard student takes on Rep. Frank



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  2. shmessy

    shmessy Maude Staff Member PatsFans.com Supporter

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    #75 Jersey

    Hot foot? Did the kid throw his shoes at him? :D
  3. Roland

    Roland Rookie

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    Frank needs to get those testes out of his mouth so we can at least make some sense of the crap flowing from his mouth.
  4. PatriotsReign

    PatriotsReign Rookie

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    "Frank said it would prevent people who can't afford home loans from obtaining them."

    Funny, wasn't it Barney who wanted everyone to have a chance to own a home?
  5. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    Lets see now a poster who believes that Homosexuality is a barometer for the end of times, who also believes that Frank is completely responsible for this financial meltdown.. and the point is.. thought questioning was a good thing.
  6. tanked_as_usual

    tanked_as_usual Banned

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    its funny.........frank says handing out labels like 'right wing conspiracy' are important

    what a bufoon
  7. tanked_as_usual

    tanked_as_usual Banned

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    minor details......musta been the right wing conspiracy
  8. Fogbuster

    Fogbuster Rookie

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    No, but Barney went home barefoot, I heard. And without any lunch, too. :eek:


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  9. PatriotsReign

    PatriotsReign Rookie

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    The thing is, everyone DOES have a chance to own a home. But some have to work harder than others to achieve it. Why on earth did anyone ever think it was right to adjust lending standards so less qualified people could buy homes?

    Think about how stupid that was...
  10. Fogbuster

    Fogbuster Rookie

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    Barney's starting to flail. If some university student can expose him, think of what a hungry politically ambitious type is going to do!

    Some people leave too soon, and we say, ".... we hardly knew ye...." In Barney's case it will be: ".... We knew you all too well, unfortunately. Hasta la vista...don't let the door hit ya..."


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  11. Fogbuster

    Fogbuster Rookie

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    It totally destroyed the entire banking loan mortgage tradition, something that has been built over hundreds, if not thousands, of years. Utterly inexcusable. It sent every wrong signal imaginable.


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  12. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    The people get what they deserve, they've been re-electing the Little Creep for years "go get em Barney"
  13. sdaniels7114

    sdaniels7114 Rookie

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    Its not the adjusting that caused the problems IMO, but the magnitude. Back in 1965 you could bounce a check and nobody would know for weeks in many circumstances. Nowadays do something to muck up your credit and all three reporting agencies will know about it near instantly and all have the tech to tell a lender about it in like a second. Besides I expect all these exotic financial instruments had some amount of protection built in. It just seems pretty clear it wasn't enough for the risk.

    Historically, the pendulum always seems to swing too far, as I see it. This is just one more example.
  14. wistahpatsfan

    wistahpatsfan Rookie

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    Fixate on the homo!
    Fixate on the homo!
  15. Fogbuster

    Fogbuster Rookie

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    No, it's called follow the paper trail. In this case the entire origin of this world-wide economic holocaust begins when some ideological "do-gooders" decided to change the fundamental way all banking has ever been done throughout history. Instead of personal accountability, these idiots -- like Barney Frank, Chris Dodd, Jimmy Carter, and Bill Clinton -- put the burden of people's PRIVATE debts onto the public. Once they opened that flood-gate it didn't take long for the scam artists to come in and take fuill advantage of it.

    No accountability = Total chaos.

    That's exactly what happened, total chaos, a total melt-down of all the banking and financial infrastructure. All because the very top -- the US Congress -- decided to change the rules to suit their ideological viewpoint by implementing the "Community Reinvestment Act", the CRA. Wrong. Very, very wrong. And now China is sitting in the cat bird seat.


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  16. Fogbuster

    Fogbuster Rookie

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    Unfortunately, your expectation is incorrect. The backup the Congress thought they had was Fannie and Freddie. And we saw what happened to them. So who backs up Fannie and Freddie?? You and me. WE are getting stuck with Barney Frank's, Chris Dodd's, Jimmy Carter's, and Bill Clinton's ideological fantasy of "magically" wiping away all discrimination by fundamentally changing the age-old banking rules that all people have used, and which are based upon personal trust and responsibility. All that got destroyed. Now they are trying to restore it. But to do so we need to borrow from China AND go through some tough times to re-build the credit system which was shattered by the CRA.


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  17. Bigdogx

    Bigdogx Rookie

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    I think a even bigger problem is homes were down right way overvalued. I hope many of you have not been stupid taking out home equity loans, because you will be completely upside down within the next few years as this country continues to lose jobs at a half million clip per month.
  18. STFarmy

    STFarmy Rookie

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    I know what you're saying, this problem is much bigger than Frank. But he's definitely part of the problem, so I'm glad to see him sweat a little. I don't know why the people of MA continually elect him. In that way, I agree with Harry Boy - they deserve him.
  19. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    get bush
    get bush
  20. wistahpatsfan

    wistahpatsfan Rookie

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    All politics is local. His district gets the bacon he brings home. I wish there were more conservatives in office here, but I'm tired of hearing Repubs (especially from out of state) whine about how Mass is controlled by Dems. It's as if everyone has a gun to their head in the polling booths. You either accept it, do something to change it, or go to a place where Republicans rule. The Dems bring in people to run. The Republicans have done a horrible job fielding candidates.

    Frank is part of the problem, but to hear people blame him, Carter and Chester T. Arthur for the problems in the financial industry is beyond idiotic. The horses are out of the barn and Carter wasn't anywhere near it.

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