The republicans were guilty of not standing up to the democrats and fixing the problem, not to mention the 5 trillion portfolio was not increased by all new loans, most of the failed loans had been refinanced or taken out shortly before their failure. Watch the hundreds of video from the democrats defending Fannie and Freddie from the C-Span files and pull your head out of the sand.
@atlasfugged It has been proven several times over. Canadian's saw this coming back in 2005 and pleaded for Bush to stop it. The dem's refused to stop their agenda of everyone owning a home. Move on!
The democrats were in power in 2006, in before that every time that Fannie or Freddie was brought up the democrats screamed everything from racism to stealing the American dream from the poor.
@yourknoxvilleagent no... freddie and fannie had 4 trillion of their soon to be 5 trillion dollar portfolio by 2005, and the democrats didn't take the congress until 2007, the election was in november of 2006
After 2:50 Barney Frank says, "In 2008, Fannie Mae and Freddie Mac were put into Conservatorship. They were the first major institutions to be reformed." They have already been reformed (past tense).
@StellarTechnology Yes. Critics of Barney Frank (primarily Republicans and Conservatives) have fabricated the myth that he was at the center of the collapse of the housing market and the financial crisis that followed shortly. This myth is meant simply to rewrite history in their favor. Everything that he says to defend himself in the video above can be easily verified. It's all true
@atlasfugged If you watch the old C-Span videos, you will see Barney and almost all of the Dem's fighting reform by the repub's. Their dream of everyone owning a home blided the black caucus from seeing what was happening. The repub's were "racist" for bringing the future disaster to the front.
@ecocobar Banned. Now go fuck off.
atlasfugged 3 weeks ago
The republicans were guilty of not standing up to the democrats and fixing the problem, not to mention the 5 trillion portfolio was not increased by all new loans, most of the failed loans had been refinanced or taken out shortly before their failure. Watch the hundreds of video from the democrats defending Fannie and Freddie from the C-Span files and pull your head out of the sand.
yourknoxvilleagent 2 months ago
@yourknoxvilleagent Re: Barney Frank + the GSE involvement in the market for subprime mortgages and its subsequent meltdown:
(colon-double-slash) wapo (dot) st (slash) twhUJY
(colon-double-slash) bit (dot) ly (slash) u3tUOC
Your side's story of how the financial crisis came about has been debunked - persuasively and repeatedly. MOVE ON.
atlasfugged 2 months ago
@atlasfugged It has been proven several times over. Canadian's saw this coming back in 2005 and pleaded for Bush to stop it. The dem's refused to stop their agenda of everyone owning a home. Move on!
tll39564 2 months ago
The democrats were in power in 2006, in before that every time that Fannie or Freddie was brought up the democrats screamed everything from racism to stealing the American dream from the poor.
yourknoxvilleagent 3 months ago
@yourknoxvilleagent no... freddie and fannie had 4 trillion of their soon to be 5 trillion dollar portfolio by 2005, and the democrats didn't take the congress until 2007, the election was in november of 2006
MrMvt333 2 months ago
This guy is such a slime bag. My god the people who lead this country pathetic. haha! wow!
blastingcaps 8 months ago
Bawney Fwank should sell snake oil.
FastingOnClowns 1 year ago 4
After 2:50 Barney Frank says, "In 2008, Fannie Mae and Freddie Mac were put into Conservatorship. They were the first major institutions to be reformed." They have already been reformed (past tense).
dpsimswm 1 year ago
It is too bad more have not watched this!
StellarTechnology 1 year ago 6
@StellarTechnology Yes. Critics of Barney Frank (primarily Republicans and Conservatives) have fabricated the myth that he was at the center of the collapse of the housing market and the financial crisis that followed shortly. This myth is meant simply to rewrite history in their favor. Everything that he says to defend himself in the video above can be easily verified. It's all true
atlasfugged 1 year ago
@atlasfugged If you watch the old C-Span videos, you will see Barney and almost all of the Dem's fighting reform by the repub's. Their dream of everyone owning a home blided the black caucus from seeing what was happening. The repub's were "racist" for bringing the future disaster to the front.
tll39564 2 months ago
@StellarTechnology WHAT PLANET DO YOU LIVE ON? Frank was warned many times on the floor in Congress!
watch?v=63siCHvuGFg
YES IT'S FOX!
ClassicFIHD 1 year ago