@brdgeman The bankers fought since 1980 to repeal glass-steagall, that's twenty years, do you think they did not know what they were doing? watch this video from 1999 before The gramm-leach-bliley modernization act was past watch?v=y2RzRv8yQXQ
Barney Frank is a major reason we are in this mess in the first place. Why the hell should we be listening to him? So he can screw us even more? This guy needs to be stopped.
They'll go ahead a do what they want to do, only under a different name or method. Just like they did with the bonuses. Now they are calling them "retention awards" not a bonus..so it's no big deal now right? The compensation will just come in a different form. This is ridiculous and just a phony political miniver. Even today Geither has "relaxed" the rules for this new plan to inspect banks for soundness. OMG!! We do not have people who care one dam about us in WASHINGTON>
Now, I'm not so sure its a good idea to let all the major banks fail, because the economy is so messed up, how are they going to excel? I do however, believe that these banks that are careless with taxpayer money should be shut down and/or revamped. flush out the crooks.
Why should the taxpayers "buy" the banks bad investments? Many banks use "predatory lending". If anything, the money should have gone to the individuals struggling so they could pay their mortgage, reduce their debt and feed their family. That allows them to be more productive. The mortgage money goes to the bank anyway so both the individual and the bank wins. You give it directly to the banks and only banks benefit. In the meantime, the homeowner loses all his money and lands on the street.
The share holders of these banks should have the toxic assets given to them while the relatively good assets should be seized by the government as compensation for insuring the bank accounts. Next time people will be a bit more careful before they put their capital in such institutions.
Barney Frank is back from getting punked by Bill O' Reilly. All banks need some form of government regulation. And if they fail they should be allowed to fall. Put tax payers money towards creating new jobs, not saving failed companies. Where is the common sense at?
BenjaminWirtz- The banks DID NOT bring this on themselves! It started with Jimmy Carter's brainstorm mortgage scheme and forcibly continued with Bill 'suckitbitch' Clinton. Banks were pressured into allowing mortgage loans to unfit homebuyers!
Yes there were several factors and I would never deny the government's fault in the crisis but the banks aren't innocent either. I don't see how using taxpayer money to bail out the banks is going to help when there is no proof that it will do any good and looking at history and noticing trends it probably won't do much beneficial anyway. You have to look at the long term effects not just immediate gratification.
My whole issue with bailout 2 is that it's not bold enough because the banks are 15 trillion in the hole. In six months Obama will be rolling out bailout plan 3.
I will Pray for Mr.Barney Frank. That GOD will make him see.
brdgeman 2 years ago
@brdgeman The bankers fought since 1980 to repeal glass-steagall, that's twenty years, do you think they did not know what they were doing? watch this video from 1999 before The gramm-leach-bliley modernization act was past watch?v=y2RzRv8yQXQ
affiliate30 1 year ago
Barney Frank. GOD made Adam and Eve , NOT Adam & Steve. READ THE BOOK CALLED THE BIBLE
brdgeman 2 years ago
Barney Frank is a major reason we are in this mess in the first place. Why the hell should we be listening to him? So he can screw us even more? This guy needs to be stopped.
doug09MT 2 years ago 4
This has been flagged as spam show
REAL RepubliCON STIMULUS:
~ CRAIG: A return foot-tapping under mens room stalls
~ LIMBAUGH: Blanket-free prescriptions for Oxy-Contin
~ W & SCARAH FAILIN: Each want 5% of Scare-Crow's Brain
~ COULTER: Get Adams Apple Removed
~ CHENEY: Keep Unilateral Contracts & Face Shootings Legal
~ NITT-WITT-MITT ROMNEY: Continue flip-flopping
~ FOLEY: Return e-mails from teen boys
~ HAGGARD: A male hooker who won't kiss & tell about Sex & Meth
GOP GOAL: To LOSE MANY more Senate & House Seats! ~S. Hannity
mavrek47 3 years ago
Wow i like the way you say idiot.
chick5581 3 years ago
They'll go ahead a do what they want to do, only under a different name or method. Just like they did with the bonuses. Now they are calling them "retention awards" not a bonus..so it's no big deal now right? The compensation will just come in a different form. This is ridiculous and just a phony political miniver. Even today Geither has "relaxed" the rules for this new plan to inspect banks for soundness. OMG!! We do not have people who care one dam about us in WASHINGTON>
Boomer1949 3 years ago
Now, I'm not so sure its a good idea to let all the major banks fail, because the economy is so messed up, how are they going to excel? I do however, believe that these banks that are careless with taxpayer money should be shut down and/or revamped. flush out the crooks.
diah4 3 years ago
Let the OLD Banks FAIL and let NEW Banks take over.
M3minusGrowth 3 years ago 2
Yes we have a system in place Sen. Frank. Its called bankruptcy.
rundoetx 3 years ago
I always get a chuckle out of the fact that the only Democrat in Congress with a set on him is a homosexual.
Oh, Sweet Ironyyyyyyyyyy
Frank, I LOVE YOU
in a non-homosexual, platonic, admiral way.
GET EM'
GhostOfThe92503 3 years ago
People this is about taking over the back!They are going to control all of us!!!
killergames187 3 years ago
Why should the taxpayers "buy" the banks bad investments? Many banks use "predatory lending". If anything, the money should have gone to the individuals struggling so they could pay their mortgage, reduce their debt and feed their family. That allows them to be more productive. The mortgage money goes to the bank anyway so both the individual and the bank wins. You give it directly to the banks and only banks benefit. In the meantime, the homeowner loses all his money and lands on the street.
kmhutter 3 years ago
The share holders of these banks should have the toxic assets given to them while the relatively good assets should be seized by the government as compensation for insuring the bank accounts. Next time people will be a bit more careful before they put their capital in such institutions.
5uper5tring 3 years ago
Barney Frank is back from getting punked by Bill O' Reilly. All banks need some form of government regulation. And if they fail they should be allowed to fall. Put tax payers money towards creating new jobs, not saving failed companies. Where is the common sense at?
u2hubbard 3 years ago
once the government was there for a common defense, now its just a taxpayer to gov. public relations entity.
d3adp001 3 years ago
I think the world would be safer if we put Wall Street out of business.
Licmycat 3 years ago
FDIC= taxpayer insured bonus awards
WhoRonPaul 3 years ago
The Banks brought this on themselves, don't reward their stupidity.
BenjaminWirtz 3 years ago 2
BenjaminWirtz- The banks DID NOT bring this on themselves! It started with Jimmy Carter's brainstorm mortgage scheme and forcibly continued with Bill 'suckitbitch' Clinton. Banks were pressured into allowing mortgage loans to unfit homebuyers!
unabashedproxy 3 years ago
Look at the Gramn bill in 1999 this started the mess and Clinton and Bush continued it.
PAYNE227 3 years ago
Yes there were several factors and I would never deny the government's fault in the crisis but the banks aren't innocent either. I don't see how using taxpayer money to bail out the banks is going to help when there is no proof that it will do any good and looking at history and noticing trends it probably won't do much beneficial anyway. You have to look at the long term effects not just immediate gratification.
BenjaminWirtz 3 years ago
Whats the FDIC for? Let these failed banks fail.Get this over with.Was Bear Sterns or Lehman a bank?
jiggakilla666 3 years ago
My whole issue with bailout 2 is that it's not bold enough because the banks are 15 trillion in the hole. In six months Obama will be rolling out bailout plan 3.
kidstalkpolitics 3 years ago
US voted these fools in ??? You get what you want and US voted these guys in power. They deserve what they get.
formulaprimer 3 years ago
We had a choice of 2 fools it would be much more fair if we had a choice of a dozen fools!
skibee50 3 years ago
You can always vote third party but the media doesn't want you to think they are viable.
BenjaminWirtz 3 years ago
How did this goofy scumbag get to power?
he only help the the robber barons steal money from the people pass
volumedealer1 3 years ago 3
wow
G4mainia 3 years ago