REP. BARNEY FRANK, D-MASS.: I think this is a case where Fannie and Freddie are fundamentally sound, that they are not in danger of going under. They're not the best investments these days from the long-term standpoint going back. I think they are in good shape going forward.
What a stupid way to conduct and interview. You don't prove someone wrong by shouting and name calling. That is for 3rd graders. You counter their arguments and debate them using facts logic, and reason. Even if he is right O'Reilly is a moron, because he can't articulate himself. Anyone who watches this and is impressed with Bill is obviously not that bright.
GOPs are out today SHORING UP the economy by reigning in spending under the umbrella of job creation.
RIP GOP Dumb-shits! How is life in exile anyway? Boring, Drab, Hopeless? How does it feel to have NO say in anything when it comes to the House and/or Senate issues. LOL!
Scarah Failin FAMOUS quotes: "That's why John McSame tapped me.....to be a team of Mavericks!"
"In what respect Charlie.....his World View! LOL!
GOP Politicians.....becoming extinct as dinosaurs - thank God! ~Sean Hannity
people who watch or go to outfoxed are the same ones that believe there are ufo's and that 9/11 is an inside job. Cuz i dont understand how this frank guy the same guy in the 90's blocked regulations, is now for it.
Barney Frank is a greedy "asshole" along with his buddy Chuck Schumer. Unfortunately, not many are able to comprehend that these 2 greedy dopes are liars and have been the main contributors with the problems in the USA today. Bill O'Reilly put this asshole in his place. Barney Frank along with Chuck Schumer should be executed.
It is so funny to read the Democrat posts here you can see how they cut and paste this crap right off their brain washing sites without a single independent idea. Now they call us racist for daring to question their messiah or their church our government who screwed up our economy wrecked the family unit and has wants to keep their cashcow entitlement programs by enslaving Mexicans what is it with democrats thinking they have the right to enslave brown people???
As if republicans are any better. Don't be fooled both partys are dicks, the only difference comes when you must decide what is the lesser of two evils.
Did AIG plunge into the credit-default-swaps business with abandon because Association of Community Organizations for Reform Now members picketed its offices? Please. How about the hundreds of billions of dollars of leveraged loans—loans banks committed to private-equity firms that wanted to conduct leveraged buyouts of retailers, restaurant companies, and industrial firms? Many of those are going bad now, too. Is that Bill Clinton's fault?
Billo is a homophobe. he hates gays so he was just waiting for franks to say ANYTHING so he could " go off " on him. he is a seething pile of uncontrolled hatred. if he has a soul its black as coal.
Franks is a coward. Also Bush, Cox, Paulson, Bernake, Pelosi to Dodd most of Congress and then the Senate Vote sealed our fate. From Kenny Lay (Enron), to Fanny Mae, from Katrina to this shit. NOW we got a black nationalist who is also a complete socialist. This guy will sink the whole ship if he is elected
You can't sink a ship at the bottom of the sea. Bush, Imperial Presidency run amok. Any idea who Senator MY WIFE SAT ON THE BOARD OF ENRON Graham is? Do you know what a CDO is and how such CDOs were securitized and traded on UNREGULATED secondary markets? Hate to burst your pseudo intellectual libetarian bubble, but if you actually take your ideological blinders off, the cause of the current melt down is clearly tied to Reagomics and market deregulation.
you guys are fucking crazy, and ignorant. Mccain will sentence americans to death, and palin is a liar and do you really expect her to stand up to putin and other world leaders? Bill-o is a douche, a racist and makes all of you look reasonable. you are what is wrong with america.
Olbermann for President 2016 (after obama finishes his two terms)
heres an idea lets spend billions of dollars in Iraq for some nation building. Lets ruin our country to build another. Gosh darn i Love those iRaqi's GOOOOO MALIKI GOOOOO MCCAIN
finally Oreilly acts like a news reporter. Fwanks is on a smoke and mirrors campaign him and Bawack think by blaming GOP lawmakers without facts without cause or a single bit of evidence cuts it this is all about DNC political moves like CRA (community reivestment act) google it. Mark to amrket google it and pin the tail on the DONKEYS!!!
Umm, Frank's comments on Fannie Mae were taken from 2004! When the Repubs had Tom DeLay and his deregulatory/privatization hand the store over to Wall Street WRECKING CREW. O'Reilly somehow never mentions THAT.
if you knew anything you would know that in 06the piracy bill of subsidization was passed under under the wheres waldo act of 1986 which then lead to the bipolar destablization of exactionary units of the federal government under the Clinton administration.This led to vasicious feuds between klondike inc.and york pepperment inc. causing mass chaos in the lenders clearing house under the bush admin opening the doors to sesquipedalien movements between both major parties and the crash of economy.
"I think the responsibility that the Democrats have may rest more in resisting any efforts by Republicans in the Congress or by me when I was president, to put some standards and tighten up a little on Fannie Mae and Freddie Mac," Clinton said recently.
You can't find a worse eight year stretch in American government than the last eight years. Bush and the Republicans, and their tired empty headed policies have to go.
The Last Eight Years: Catastrophic consequences for an Imperial Presidency run amok, which handed the reigns over to Kenny Ley type corporate monsters who preached deregulation to work their dirty dirty deals. REPUBS AND LIBERTARIANS have been thoroughly discredited by world events. Please crawl back under your miserable rock and stay there.
You have lost your ability to think and just spew programmed crap the FOX feeds you (they decide, you concur) and want someone to blame so reality doesn;t interfere with youprecious ideology and hate mongering. (Did you really blame 9/11 AND the internet bubble on Clinton? seriously? Even for dumb right wing automotons that is shallow...)
Would that we had the balanced budget and sane security market and Banking Regulations that we had during the Clinton years. You assholes on the Right have wrecked our economy, blown up our foreign policy, and have ended American hegemony because of your incompetence.
Couldn't agree more. His little scripted and staged meltdowns for his Murdoch/Repubs masters is a dog and pony show. Talk about AIG, O'Reilly. Talk about the securitization of asst backed securities traded on unregulated secondary markets CLOTTED with free market Republican inspired and authorized profiteers. No, wait, I will just yell to rally the troops and please my boss.
berti: The reason why Wall street traded those securities is because Freddie & Fannie were selling Wall Street a bunch of lies. F & F cooked the books & gave mortgages to people who had little or no income. Wall street didn't know they were trading subprime mortgages & that people making $20k a year were stating their income as $60k a year to get approved. Wall street & the investors got screwed over. AIG will pay back their loan & have already started selling assets to pay back the loan.
You are a moron. Please stop watching FOX and get a clue. Do you even know how a collateralized debt obligation works? Investment banks SECURITIZED (a concept you, and many others, are clearly in the dark about) loans and sold these securitized loans based on inflated ratings from Standard and Poors and Moodies to China and the Arab world. Until you understand this, you are clueless. Do your fucking homework for Christ sake, this is real and you have your head up your ass.
berti: u blame Fox when conservatives have been thinking this way since our forefather thought that way? For a moron like u to blame Fox for our thoughts is simply..well simple. Fox came out in the late 1990's LONG after the conservative movement. If anything you are just parroting anitwar, dailykos, and moveon..all organizations that were just formed in the last ten years. For you to say the free market failed when the free markets got screwed over by GOVERNMENT MANDATES is just retarded.
You are barely literate. Yes, Fox is full of a bunch of hacks, who think derivatively. Your point? You have relied on them to shift the blame from the real culprits in this meltdown to MINOR players. But since you have no clue about CDOs and the derivatives market you flap your gums about government mandates and sound ridiculous to securities markets experts. Once again, retard, tell us how government mandates played into the unregulated derivatives market. Go to school. Learn how to think.
"'Real money' (U.S. insurance companies, pension funds, etc.) accounts had stopped purchasing mezzanine tranches of U.S. subprime debt in late 2003 early 2004 and Wall Street needed a mechanism that could enable them to 'mark up' these loans, package them opaquely, and EXPORT THE NEWLY PACKAGED RISK TO UNWITTING BUYERS IN ASIA AND CENTRAL EUROPE!! Freddi and Fannie didn't need to defraud anyone, you idiot. They lent money on the expectation that home value would appreciate.
and Wall street dii so because they were GUARANTEED by Freddie and Fannie. Its not like they knew they were going to go bad. Seriously, you will never get me to believe that Wall Street knew what was going on because THEY were invested heavily in those securities and this bankrupted many of them. If anything wall Street is the victim here. I mean come on they priced them based on failure rate, and the failure rates was double of what they projected.
Umm, you still have no clue. The Community Reinvestment Act applies to depository banks. But many of the institutions that spurred the massive growth of the subprime market weren't regulated banks. They were outfits such as Argent and American Home Mortgage, which were generally not regulated by the Federal Reserve or other entities that monitored compliance with CRA. These institutions worked hand in glove with Bear Stearns and Lehman Brothers, entities to which the CRA likewise didn't apply.
Explain to us the role of Moodys, CDOs, Credit Default Swaps and the entire derivatives market, and then try to pin this on sub prime loans in and of themselves. You are a wreckless idiot.
berti: you are too stupid to realize that Wall street, Moody's, CDO's, and the Swaps were TRUSTING Fannie and Freddie to do their jobs writing the mortgages and guaranteeing them. The Wall Street traders did not know they were buying Mortgage Backed Securities that were just a bunch of LIES. How could Wall Street have known that the securities were backed by people that made only $20,000 a year when they were stating $60,000 a year?? Explain that. Face it: the GOVT forced equality on housing
American pension funds and investment banks STOPPED investing in securitized collateralized debt obligations which contained tranches of sub prime loans in 2004. Investment Banks, ACUTELY AWARE OF THE WORTHLESSNESS OF THEIR SUBPRIME LOAN TRANCHES created CDOs that would obtain Triple A ratings by leveraging the toxic tranches in their sales to highly liquid Asian and Middle East (Arab) funds. You have a moron's understanding of this current crisis. Turn off Fox and get a clue.
Why is someone unpatriotic on his show if they disagree with a Republican but he it's acceptable to bash and try to humiliate and yell down a Democrat? AND it's okay for him to take an incomplete clip of a comment totally out of context to try to discredit one of our governmental leaders? O'Reilly is a hypocrite and a jackass. People who watch this guy are getting bad information and supporting an unpatriotic idiot.
Oh blessy be, how dare he yell at the ranking member of the overside committee. They are doing such a "wonderful" job. I would vote for him even if he lost me $4000000000000000000000, and killed my dog.
I hope he does not yell at the senate ranking member either cause he is doing a good job of overside also.
Keep drinking your deregulatory kool aid. Do you know the year of Barney Frank's statement? 2004! DeLay had a complete lock on the house. And Delay and his mafia cronies never saw a regulation they didn't want to gut. You are a mindless buffoon.
In ANY PRIVATE INDUSTRY YOU ARE OUT? Oh REALLY? AIG anyone? God, O'Reilly is doing everything he can to shift the blame to the deregulating buffoons in the White House and House and Senate.
Jeezus, is Frank the ugliest and dumbest sounding guy in the world? And THIS idiot is in charge of our financial arm of congress? Can't we do better? ...
Yeah, like the clown in the White House? Or maybe Senator Deregulate it and let the free market rein Graham (economic advisor to McCain)? This is ridiculous. I wouldn't buy a stock based on a Pol's assurances. Go back and look at the transcripts and financial reporting of Lehman Brothers, AIG, etc etc. O'Reilly went into his little act to try and say (as he always does when he needs to reduce complicated discussions to pro Republican spin) that guys like Barnie Frank are the cause.
Orielly was screaming at Frank for all of us. Frank has pushed for risky lending in the name of affirmative action for years. Him trying to take the argument to whether or not he said swell is sickening. Barney Frank MUST GO!
Give me a break. It is the CLOWN IN THE WHITEHOUSE and the REPUBS who deregulated everything in sight that allowed for the SECURITIZATION OF SUB PRIME LOANS THAT IS THE CAUSE OF THIS FINANCIAL COLLAPSE. YOU IDIOTS ON THE RIGHT BELIEVED IN THE MAGIC OF THE MARKET PLACE AT YOUR OWN DOGMATICALLY STUPID EXPENSE. It is REGULATION NOT STOCK PICK RECCOMMENDATION THAT IS THE CENTRAL ISSUE. It is a red herring to discuss whether Fannie Mae is a good investment or not.
What do you mean he Bill cleans the floor against Frank???? Bill showing he is not wise again.BARNEY NEVER SAID FANNIE OR FREDDIE WERE A GOOD INVESTMENT!!!IF YOU GAMBLE ON THE STOCK MARKET BASED ON WHAT BARNEY OR ANY POLITICIAN SAYS YOU ARE NOT WISE BILL!!! BARNEY ULTIMATELY DOES NOT WORK FOR THESE COMPANIES AND THE STOCK MARKET IS A CASINO. YOU DO SO AT YOUR OWN RISK
I. Right before the House vote Pelosi viciously attacks the Republicans
2. None of Obama's supporters voted for the House Bill
3. Obama did not want to do his job and come to D.C. to help pass the house bill.
4. Obama barley called anyone
Why?
Because it was not in his best interest. In other words it was in his best interest to prolong this economic turmoil as long as possible because between the two he benefits the most from it.
Do something about it before it's to late! Go watch these videos documenting the fraud of our elected officials "wallstreetmarketnews. blogspot. com".
Find out how to contact these corrupt politicians like Barney Frank and others DEMAND that they vote NO on the Bailout and DEMAND they RESIGN!
i cant understand wat bawney is sssaying
Ottoguitar51 1 month ago
I would love to hear Barney Fwank on the Glenn Beck program, that would be hilarious, especially because O'Reilly just totally owned him.
rb3264 4 months ago
Finally! Obamamania, Midlesel114, & bertinotti you are smart people! You see past Obama's Marxist lies!
CoolGuy18201 6 months ago
hahaha that fucking lying piece of shit faggot... now play some Peter Schiff clips to show that there are still honest people in this world.
interestingperson121 1 year ago
The last 8 years what about the last 1 1/2 years????
MsBuddles 1 year ago
REP. BARNEY FRANK, D-MASS.: I think this is a case where Fannie and Freddie are fundamentally sound, that they are not in danger of going under. They're not the best investments these days from the long-term standpoint going back. I think they are in good shape going forward.
mawagaman 1 year ago
You tell 'em Bill!!! Barney Frank has hurt this country IMMEASURABLY!
radconserv86 2 years ago
this is apasoloute halairouse they kept arguing lol
barney is a fucking ashole to he should live i a rock and die like a dog ......
123sparkboy 2 years ago
What a stupid way to conduct and interview. You don't prove someone wrong by shouting and name calling. That is for 3rd graders. You counter their arguments and debate them using facts logic, and reason. Even if he is right O'Reilly is a moron, because he can't articulate himself. Anyone who watches this and is impressed with Bill is obviously not that bright.
jknj1975 2 years ago
bill is a freak of nature
saskloser 2 years ago
Fuck Frank, Fuck Obama, Fuck the Labor unions, Fuck Welfare and fuck anyone who is leaching off society
MIdiesel114 2 years ago 5
This has been flagged as spam show
GOPs are out today SHORING UP the economy by reigning in spending under the umbrella of job creation.
RIP GOP Dumb-shits! How is life in exile anyway? Boring, Drab, Hopeless? How does it feel to have NO say in anything when it comes to the House and/or Senate issues. LOL!
Scarah Failin FAMOUS quotes: "That's why John McSame tapped me.....to be a team of Mavericks!"
"In what respect Charlie.....his World View! LOL!
GOP Politicians.....becoming extinct as dinosaurs - thank God! ~Sean Hannity
mavrek47 2 years ago
people who watch or go to outfoxed are the same ones that believe there are ufo's and that 9/11 is an inside job. Cuz i dont understand how this frank guy the same guy in the 90's blocked regulations, is now for it.
diazsalvatore 3 years ago
You do know that fox lies? Bill O'Reilly is a liar and a bully. You really need to watch outfoxed.
windyboy13 3 years ago
Lmao, this is soo hilarious...
VaterlandLegion 3 years ago
fukn Barnacle Frank, he is a goddamn vacuum cleaner sucking money out of our wallets faster than he sucks off his male prostitutes
THE74MALDITO 3 years ago
Barney Frank is a greedy "asshole" along with his buddy Chuck Schumer. Unfortunately, not many are able to comprehend that these 2 greedy dopes are liars and have been the main contributors with the problems in the USA today. Bill O'Reilly put this asshole in his place. Barney Frank along with Chuck Schumer should be executed.
tanto1948 3 years ago
the problem is your stupidity gets in the way of rational discussion.
npseudo1985 3 years ago
well said, plantiff. i wish they'd cut and paste that one.
bbsmu 3 years ago
give it to them bill
unodepoalli 3 years ago
It is so funny to read the Democrat posts here you can see how they cut and paste this crap right off their brain washing sites without a single independent idea. Now they call us racist for daring to question their messiah or their church our government who screwed up our economy wrecked the family unit and has wants to keep their cashcow entitlement programs by enslaving Mexicans what is it with democrats thinking they have the right to enslave brown people???
plantiff420 3 years ago
As if republicans are any better. Don't be fooled both partys are dicks, the only difference comes when you must decide what is the lesser of two evils.
bkstudios1990 3 years ago
Did AIG plunge into the credit-default-swaps business with abandon because Association of Community Organizations for Reform Now members picketed its offices? Please. How about the hundreds of billions of dollars of leveraged loans—loans banks committed to private-equity firms that wanted to conduct leveraged buyouts of retailers, restaurant companies, and industrial firms? Many of those are going bad now, too. Is that Bill Clinton's fault?
bertinotti 3 years ago
I think Barney the purple Dinosaur could do a better than barney frank
shawnRbowl 3 years ago
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Spread the WØRD
John McCain = friends with G.W. Bush = friends with Salem Bin Laden = brother of Osama Bin Laden
Therefore, John McCain is a terrorist. Guilt by association. I think McCain needs to come clean with the American people
FACT: THE RELATIONSHIP BETWEEN George W AND SALEM ARE A MATTER OF PUBLIC RECORD.
tHeBuShDoKtrin 3 years ago
haha barneys a douche!
jslim39 3 years ago
Billo is a homophobe. he hates gays so he was just waiting for franks to say ANYTHING so he could " go off " on him. he is a seething pile of uncontrolled hatred. if he has a soul its black as coal.
1111mjon 3 years ago
Nicely stated
bertinotti 3 years ago
Franks is a coward. Also Bush, Cox, Paulson, Bernake, Pelosi to Dodd most of Congress and then the Senate Vote sealed our fate. From Kenny Lay (Enron), to Fanny Mae, from Katrina to this shit. NOW we got a black nationalist who is also a complete socialist. This guy will sink the whole ship if he is elected
colrick1234 3 years ago
You can't sink a ship at the bottom of the sea. Bush, Imperial Presidency run amok. Any idea who Senator MY WIFE SAT ON THE BOARD OF ENRON Graham is? Do you know what a CDO is and how such CDOs were securitized and traded on UNREGULATED secondary markets? Hate to burst your pseudo intellectual libetarian bubble, but if you actually take your ideological blinders off, the cause of the current melt down is clearly tied to Reagomics and market deregulation.
bertinotti 3 years ago
GO BILL!!! WAY TO STAND UP FOR US!!!
1wickedfan 3 years ago
you guys are fucking crazy, and ignorant. Mccain will sentence americans to death, and palin is a liar and do you really expect her to stand up to putin and other world leaders? Bill-o is a douche, a racist and makes all of you look reasonable. you are what is wrong with america.
Olbermann for President 2016 (after obama finishes his two terms)
u2vertigo2121 3 years ago
heres an idea lets spend billions of dollars in Iraq for some nation building. Lets ruin our country to build another. Gosh darn i Love those iRaqi's GOOOOO MALIKI GOOOOO MCCAIN
BobbGnarley 3 years ago
finally Oreilly acts like a news reporter. Fwanks is on a smoke and mirrors campaign him and Bawack think by blaming GOP lawmakers without facts without cause or a single bit of evidence cuts it this is all about DNC political moves like CRA (community reivestment act) google it. Mark to amrket google it and pin the tail on the DONKEYS!!!
plantiff420 3 years ago
Umm, Frank's comments on Fannie Mae were taken from 2004! When the Repubs had Tom DeLay and his deregulatory/privatization hand the store over to Wall Street WRECKING CREW. O'Reilly somehow never mentions THAT.
bertinotti 3 years ago
if you knew anything you would know that in 06the piracy bill of subsidization was passed under under the wheres waldo act of 1986 which then lead to the bipolar destablization of exactionary units of the federal government under the Clinton administration.This led to vasicious feuds between klondike inc.and york pepperment inc. causing mass chaos in the lenders clearing house under the bush admin opening the doors to sesquipedalien movements between both major parties and the crash of economy.
John040104 3 years ago
Nicely done: You have perfectly expressed how complicated reality is understood by the Republican base. No wonder you are a Fox News devotee.
bertinotti 3 years ago
actually i'm not . . . go bama
John040104 3 years ago
This has been flagged as spam show
"I think the responsibility that the Democrats have may rest more in resisting any efforts by Republicans in the Congress or by me when I was president, to put some standards and tighten up a little on Fannie Mae and Freddie Mac," Clinton said recently.
rpeagram 3 years ago
Bawney Fwank loves Bawack.
007ObiWan 3 years ago
You can't find a worse eight year stretch in American government than the last eight years. Bush and the Republicans, and their tired empty headed policies have to go.
bertinotti 3 years ago
the Internet Bubble bust... Bill Clinton
9/11... Bill Clinton
Corporate Corruption... Bill Clinton
Katrina... Mayor Nagin and Governor Blanco
Acorn... Bill Ayrs & Barac Obama
Freddie Mac and Fannie Mae... Chris Dodd, Barney Frank, Chuck Shumer and Barack Obama.
Now who is to blame? The Socialist running the Democrat Party.
Obamamania 3 years ago
The Last Eight Years: Catastrophic consequences for an Imperial Presidency run amok, which handed the reigns over to Kenny Ley type corporate monsters who preached deregulation to work their dirty dirty deals. REPUBS AND LIBERTARIANS have been thoroughly discredited by world events. Please crawl back under your miserable rock and stay there.
bertinotti 3 years ago
WW2 - Bill Clinton
I slept with your wife - Bill Clinton
Huricane Gustav - Jesse Jackson
Holocost - JFK
Slavery - Barney Frank
You have lost your ability to think and just spew programmed crap the FOX feeds you (they decide, you concur) and want someone to blame so reality doesn;t interfere with youprecious ideology and hate mongering. (Did you really blame 9/11 AND the internet bubble on Clinton? seriously? Even for dumb right wing automotons that is shallow...)
Airpapa44 3 years ago
Would that we had the balanced budget and sane security market and Banking Regulations that we had during the Clinton years. You assholes on the Right have wrecked our economy, blown up our foreign policy, and have ended American hegemony because of your incompetence.
bertinotti 3 years ago
BAAAAAAAAAAAHH BAAAAAAAAAAH BAAAAAAAAAAAH BAAAAAAA BAAAAAAAA
please quicky!! someone get this blind sheep some more of that fixed news right-wing kool-aid.!!
666bushisnazi666 3 years ago
God, what a brainless bully O'Reilly is. If we're all lucky, come November, his big fat head will explode.
ablegal1960 3 years ago
Couldn't agree more. His little scripted and staged meltdowns for his Murdoch/Repubs masters is a dog and pony show. Talk about AIG, O'Reilly. Talk about the securitization of asst backed securities traded on unregulated secondary markets CLOTTED with free market Republican inspired and authorized profiteers. No, wait, I will just yell to rally the troops and please my boss.
bertinotti 3 years ago
berti: The reason why Wall street traded those securities is because Freddie & Fannie were selling Wall Street a bunch of lies. F & F cooked the books & gave mortgages to people who had little or no income. Wall street didn't know they were trading subprime mortgages & that people making $20k a year were stating their income as $60k a year to get approved. Wall street & the investors got screwed over. AIG will pay back their loan & have already started selling assets to pay back the loan.
pmango1000 3 years ago
You are a moron. Please stop watching FOX and get a clue. Do you even know how a collateralized debt obligation works? Investment banks SECURITIZED (a concept you, and many others, are clearly in the dark about) loans and sold these securitized loans based on inflated ratings from Standard and Poors and Moodies to China and the Arab world. Until you understand this, you are clueless. Do your fucking homework for Christ sake, this is real and you have your head up your ass.
bertinotti 3 years ago
berti: u blame Fox when conservatives have been thinking this way since our forefather thought that way? For a moron like u to blame Fox for our thoughts is simply..well simple. Fox came out in the late 1990's LONG after the conservative movement. If anything you are just parroting anitwar, dailykos, and moveon..all organizations that were just formed in the last ten years. For you to say the free market failed when the free markets got screwed over by GOVERNMENT MANDATES is just retarded.
pmango1000 3 years ago
You are barely literate. Yes, Fox is full of a bunch of hacks, who think derivatively. Your point? You have relied on them to shift the blame from the real culprits in this meltdown to MINOR players. But since you have no clue about CDOs and the derivatives market you flap your gums about government mandates and sound ridiculous to securities markets experts. Once again, retard, tell us how government mandates played into the unregulated derivatives market. Go to school. Learn how to think.
bertinotti 3 years ago
"'Real money' (U.S. insurance companies, pension funds, etc.) accounts had stopped purchasing mezzanine tranches of U.S. subprime debt in late 2003 early 2004 and Wall Street needed a mechanism that could enable them to 'mark up' these loans, package them opaquely, and EXPORT THE NEWLY PACKAGED RISK TO UNWITTING BUYERS IN ASIA AND CENTRAL EUROPE!! Freddi and Fannie didn't need to defraud anyone, you idiot. They lent money on the expectation that home value would appreciate.
bertinotti 3 years ago
and Wall street dii so because they were GUARANTEED by Freddie and Fannie. Its not like they knew they were going to go bad. Seriously, you will never get me to believe that Wall Street knew what was going on because THEY were invested heavily in those securities and this bankrupted many of them. If anything wall Street is the victim here. I mean come on they priced them based on failure rate, and the failure rates was double of what they projected.
pmango1000 3 years ago
Umm, you still have no clue. The Community Reinvestment Act applies to depository banks. But many of the institutions that spurred the massive growth of the subprime market weren't regulated banks. They were outfits such as Argent and American Home Mortgage, which were generally not regulated by the Federal Reserve or other entities that monitored compliance with CRA. These institutions worked hand in glove with Bear Stearns and Lehman Brothers, entities to which the CRA likewise didn't apply.
bertinotti 3 years ago
ablegal: Bully? OReilly is sticking up for US! Barney Frank defended Freddie and Fannie from regulation back in 2003 and 2004 and 2005.
pmango1000 3 years ago
Explain to us the role of Moodys, CDOs, Credit Default Swaps and the entire derivatives market, and then try to pin this on sub prime loans in and of themselves. You are a wreckless idiot.
bertinotti 3 years ago
berti: you are too stupid to realize that Wall street, Moody's, CDO's, and the Swaps were TRUSTING Fannie and Freddie to do their jobs writing the mortgages and guaranteeing them. The Wall Street traders did not know they were buying Mortgage Backed Securities that were just a bunch of LIES. How could Wall Street have known that the securities were backed by people that made only $20,000 a year when they were stating $60,000 a year?? Explain that. Face it: the GOVT forced equality on housing
pmango1000 3 years ago
American pension funds and investment banks STOPPED investing in securitized collateralized debt obligations which contained tranches of sub prime loans in 2004. Investment Banks, ACUTELY AWARE OF THE WORTHLESSNESS OF THEIR SUBPRIME LOAN TRANCHES created CDOs that would obtain Triple A ratings by leveraging the toxic tranches in their sales to highly liquid Asian and Middle East (Arab) funds. You have a moron's understanding of this current crisis. Turn off Fox and get a clue.
bertinotti 3 years ago
BILL ORIELLY FOR PREZZZZZ
close169 3 years ago
Barney frank reminds of the guy Office Space. "He took my stapler" guy. Doesn't he?
lol
E3Proscia 3 years ago
This has been flagged as spam show
Why is someone unpatriotic on his show if they disagree with a Republican but he it's acceptable to bash and try to humiliate and yell down a Democrat? AND it's okay for him to take an incomplete clip of a comment totally out of context to try to discredit one of our governmental leaders? O'Reilly is a hypocrite and a jackass. People who watch this guy are getting bad information and supporting an unpatriotic idiot.
JenniferInMo 3 years ago
Oh blessy be, how dare he yell at the ranking member of the overside committee. They are doing such a "wonderful" job. I would vote for him even if he lost me $4000000000000000000000, and killed my dog.
I hope he does not yell at the senate ranking member either cause he is doing a good job of overside also.
Tks another insane liberal
roskoswackhammer 3 years ago
Keep drinking your deregulatory kool aid. Do you know the year of Barney Frank's statement? 2004! DeLay had a complete lock on the house. And Delay and his mafia cronies never saw a regulation they didn't want to gut. You are a mindless buffoon.
bertinotti 3 years ago
How dare he yell at the ranking member of the overside committee. They are doing such a wonderful job. I would vote for him even if he lost me $4000.
I hope he does not yell at the senate ranking member either cause he is doing a good job of overside also.
Tks Big O
sustoismo 3 years ago
search: Shocking Video Unearthed Democrats in their own words
YeahWereScrewed 3 years ago
In ANY PRIVATE INDUSTRY YOU ARE OUT? Oh REALLY? AIG anyone? God, O'Reilly is doing everything he can to shift the blame to the deregulating buffoons in the White House and House and Senate.
bertinotti 3 years ago
Jeezus, is Frank the ugliest and dumbest sounding guy in the world? And THIS idiot is in charge of our financial arm of congress? Can't we do better? ...
kevinthegenius 3 years ago
Yeah, like the clown in the White House? Or maybe Senator Deregulate it and let the free market rein Graham (economic advisor to McCain)? This is ridiculous. I wouldn't buy a stock based on a Pol's assurances. Go back and look at the transcripts and financial reporting of Lehman Brothers, AIG, etc etc. O'Reilly went into his little act to try and say (as he always does when he needs to reduce complicated discussions to pro Republican spin) that guys like Barnie Frank are the cause.
bertinotti 3 years ago
Get a fucking clue. Barnie Frank should hang
PinderB 3 years ago
Yeah, I want to live in your political polity. I hear Italy in the 30s was a tidy, woerful little place to be.
bertinotti 3 years ago
watch?v=1RZVw3no2A4
owchywawa 3 years ago
Orielly was screaming at Frank for all of us. Frank has pushed for risky lending in the name of affirmative action for years. Him trying to take the argument to whether or not he said swell is sickening. Barney Frank MUST GO!
bourg000 3 years ago
Give me a break. It is the CLOWN IN THE WHITEHOUSE and the REPUBS who deregulated everything in sight that allowed for the SECURITIZATION OF SUB PRIME LOANS THAT IS THE CAUSE OF THIS FINANCIAL COLLAPSE. YOU IDIOTS ON THE RIGHT BELIEVED IN THE MAGIC OF THE MARKET PLACE AT YOUR OWN DOGMATICALLY STUPID EXPENSE. It is REGULATION NOT STOCK PICK RECCOMMENDATION THAT IS THE CENTRAL ISSUE. It is a red herring to discuss whether Fannie Mae is a good investment or not.
bertinotti 3 years ago
What do you mean he Bill cleans the floor against Frank???? Bill showing he is not wise again.BARNEY NEVER SAID FANNIE OR FREDDIE WERE A GOOD INVESTMENT!!!IF YOU GAMBLE ON THE STOCK MARKET BASED ON WHAT BARNEY OR ANY POLITICIAN SAYS YOU ARE NOT WISE BILL!!! BARNEY ULTIMATELY DOES NOT WORK FOR THESE COMPANIES AND THE STOCK MARKET IS A CASINO. YOU DO SO AT YOUR OWN RISK
drumliss 3 years ago
Give congress a pass then? Your brillant.
PinderB 3 years ago
I. Right before the House vote Pelosi viciously attacks the Republicans
2. None of Obama's supporters voted for the House Bill
3. Obama did not want to do his job and come to D.C. to help pass the house bill.
4. Obama barley called anyone
Why?
Because it was not in his best interest. In other words it was in his best interest to prolong this economic turmoil as long as possible because between the two he benefits the most from it.
RepublicanFilms 3 years ago
This sure shows why Obama and his fellow crooks angers all of us.
plopperrrrr 3 years ago
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webxsuccess 3 years ago
Barney frank is an asshole
E3Proscia 3 years ago 2
Barney Frank is brilliant. O'reilly is gaming you.
bertinotti 3 years ago
No, it's as clear as it gets.
E3Proscia 3 years ago
bunch of old farts acting like middle school girls in a cat fight
cashworth03 3 years ago