There'll Be A Certain Amount Of Fantasy Here Tonight! Congressman Barney Frank

[burnpoi86]

look at the woman behind mr. rubble updating her facebook on her blackberry. this is the kind of attention the congress gives each other. its like study hall in highschool.

[whoo689]

Uh, Frank, last time I checked, receivership is just another fancy word for nationalization. And yet, a sentence before that, you say "it dies." Which is it, corporate death or socialism?

[whoo689]

Why does Congress think the gov't will somehow be able to better manage these firms that go under?? Will any former businessmen with actual private experience who know how to run businesses right be in these new agencies designed to regulate? Probably not.

[whoo689]

I fear that this bill, by trying to micromanage the financial sector, will only come back to bite us in the ass. I mean, Barney Frank bitches about bailouts, but then he ADMITS with glee that this bill will alow the gov't to TAKE OVER failing financial institutions that "threaten the financial stability"?? How the hell is nationalization that much diff. from bailing them out? It's still gov't helping them survive. You're just playing semantics, Frank.

[whoo689]

There's certainly room for some regulation, but do we really need 1400 pages? That's about 2/3rds the size of the healthcare bill! Just let the financial firms fail, go bankrupt and allow the better financial institutions buy the assets. It really is THAT simple. It's not like the world ends when a corporation goes into bankruptcy. And sometimes bankruptcy is just a way to get out of debt, not necessarily "going out of business."

[helltrackrider]

That Lady (man?) behind him keeps checking out Barney's backside.

[kungfujones1]

I can't believe you people can listen to this mushmouth talk for 10 minutes.

By the way this guy admitted to running a gay prostitution ring out of his house. Don't believe me? Do some research.

[ReliableInsider]

With control over all three branches of government, the Republican Party destroyed the global economy.

Did they anticipate it? Did they stop it as it was happening. Apparently, some of them didn't find out about the whole thing until January 20th!

lol

[kungfujones1]

The dems have been in control of both houses for over two years.

[helltrackrider]

only two branches of Congress are "Party" oriented...

anyways, to blame any economic meltdown on the "Republican Party" alone is narrow...try seeking to blame the ones at true fault; any congressman/President who has ever proposed or signed any bill that gave government power to control the economy...try the Federal Reserve, created under Democratic control of the two parties...Try leaving the Gold Standard...try our Social Society...try our warfare state since WW1...try these, they work.

[AfricanMadman]

Is that woman behind Frank asleep?

[thetruthaboutstuff]

no she is on here iphone

[VeohBlows]

The Frankenator is the King of all Conservative slayers.

[zogg18]

Boot

Why don't you read the title.

I suppose that would rob you of the ability to write a snide little comment.

[jsjs525]

wouldn't it be easier to just place the Federal Reserve back under treasury?

[boots920]

You don't get it do you ?

There's no more money system the US dollar gets reset to 0 then some other worthless currency will be introduced.

They don't worry about budgets because the US dollar is worthless. Taxpayers get to live in Detroit for ever.

[jsjs525]

true, and I do understand that.... the best that can be salvaged from an Audit which I hope will happen, is to refund the loans or bailouts and simply burn the Federal Reserve Notes that have been given out, remove the zeros from the transactions to Goldman and others and to put plenty of people in jail.... it would be nice to go back to having the dollar based on something besides paper but everyone knows by Obama's recent support of the Fed, that he'll never sign a bill to Audit FedRes.....

[boots920]

Since 1971 the US dollar hasn't had gold backing it ?

Now that's ok as long as there was Made in the USA and the US government didn't start multiply unfunded wars.

Its such a mess I believe in the end peasants of the world will have to revert to gold and silver coin out of necessity.

What amazes me is very few people know whats going on.

But in 1971 the world leaders KNEW exactly what they were doing. They also KNEW they would be dead and wouldn't have to deal with it. Assholes

[jsjs525]

did it possibly occur to you that you're preaching to the choir, yes I know of what you're saying so why do you continue to push a view I know and understand onto someone that is agreeing with you, you might want to go back and read what I've written.... I agree that gold and silver should be the backing on all currencies, it simply means that everything would cost less, and not that we don't have enough gold/silver to go around...

[boots920]

You bet I was just wondering what difference would it make if the federal reserve is counterfeiting money or the treasury is counterfeiting money.

The whole world's fiat money system is now toast no confidence in the paper ever again. The market hasn't made that adjustment yet.

[jsjs525]

True but under treasury there would be more transparency, available to the public, that has recently awakened to the corruption involved in the Federal Reserve. It's because of the independence of FedRes that was placed within the Federal Reserve Act that allows for many of their decisions to remain hidden from Congress and further, the American People... by knowing who we can hold accountable for what we eliminate much of the corruption, and can turn off the printing presses....

[jsjs525]

Part 2

but I've got to ask, how did you come down to the dollar or new currency being reset to 0? Do you honestly think that the debt accrued by the US will be forgiven, I highly doubt that.... With Geithner's support of SDRs or Special Drawing Rights it just means that the US dollar will still exist and will simply be worth far less as the hyperinflation takes affect and the dollar essentially becomes useless when the other countries cash in on the dollars they own.....

[boots920]

Its the same scam with gold and silver certificates instead of defaulting on physical metal and being paid in worthless paper, the US Federal Reserve debt (worthless paper) will be paid in worthless paper.

Monitization of the debt ? Which means hyper-inflation for the hamster taxpayers.

One other bull shit thing they'll do is change the script so they extend the dollars life

You don't have to play the games when you physically own gold and silver Plenty of mattress stuffers will get caught out

[boots920]

They should warn the viewer that Barney Frank is about to speak. That way you can have a puke bag ready, now I have to buy a new keyboard.

[chessdawgz]

LOL, why?

[boots920]

He represents what wrong with US politics idiots running a 1st world country soon turns into morons running a 3rd world country.

I don't believe the states will ever recover from the like of Barney Frank. Idiot in the 100th degree and that goes for any other politician that can't read .

Because they can't read they don't follow the rule of law, US Constitution.

[xTheOxx]

Oh man, Barney Frank understands so much more than you about so many things.

[boots920]

But the idiot can't even read ? Yea Barney Frank understands how to destroy US society he's doing a great job.

[boots920]

You can't read either eh xtheidiotxx ?

Buddy always comments on my observations of the violations of the US constitution and Geneva Convention with no point of reference only ridicule.

Obama = Ursuper in charge of a Banana Republic it wouldn't be so funny but the morons are counterfeiting money to pay for the wars.

US Government = Assholes

[xTheOxx]

Ridicule is the only thing you understand, boots.

[boots920]

Ridicule is the first and last argument of a fool.

Charles Simmons

As xThefool demonstrates like why does he even bother commenting . 0 point of reference ridicule only.

xTheOxx not very intelligent ?

[xTheOxx]

You've chosen to ignore every reasonable thing I've told you.

[boots920]

Like what ? All you do is ridicule ? Then I wonder why you even bother to ridicule waste of time isn't it ?

See you won't debate you won't provide on point of reference .

Fools Ridicule as demonstrated by buddy.

[boots920]

See buddy doesn't respond ?

[xTheOxx]

I'll refer you to my previous answer to explain why you're not worth a more lengthier response.

[boots920]

But you never made any point of debate , only ridicule . Makes sense why only fools ridicule.

Perfect example the gold price :

Gold is money the US dollar is world reserve or should be as good as gold. But that ended in 1971 its takes a while but the market will eventually make the adjustment of gold is money. That's why it going up in world reserve currency because the central is counterfeiting money to pay for war.

You find that something to ridicule , we're toast dude sooner or later.