Chairman Frank - We've Got A Double Whammy

[judyleasugar97]

Barney Frank has integrity. Go Barney.

[wbtaylor1]

A question to ANYONE in Mass. Why do you vote for jokers like this guy and Sen Ted Kennedy? How can you people support these kind of crooks knowing that the rest of the nation laughs at you. They are freaks, liers, cheats, thieves, and just

[Jonboi713]

I want to ask the closeminded fucks what would you say if Mr. Frank was heterosexual? Would you call him Barney Breeder? would you say he was too busy eating out a vagina? Seriously, get over yourself. Being gay has NOTHING to do with his job.

[viletantrum]

This fuck caused the housing problems. He needs to take the cock out of his mouth and learn how to use his common sense!

[MagellansUnderwear]

don't kid yourself. flipflopping and doublespeak are in the job descriptions of all politicians. The wonderful thing about the Internet age is that it is damn near impossible to get away with it anymore, as anything you say will never dissapear and there are millions of people who have equal footing on which to call BULLSHIT!

[viletantrum]

I'm not kidding myself. These Demoncrats get away with way too much! I remember them marching in numbers up to their podeums and complaining about how it's the American dream to own a home and how the average American should not be held back from owning a home just because of their financial situations.

[skalami0]

How informed are you? You state a risky move is foreclosing on a house rather then negotiating with someone that hasnt paid in months. The risky thing is making the loan in the first place. What happens when someone cant pay is a straight by the books affair if you dont have the cash or proofof cash you cant keep the house. The bank is borrowing the money too and it needs to make payments as well the borrowers word is no longer good at that point.

Now the Govt has stepped in to bridge the gap.

[skalami0]

The banks were forced to make these loans and they figured out away to get the loans off of their books to get fresh cash so they stopped caring about the risk involved and the Govt whether they saw this coming or not (i believe some did Barney Frank who back in 05 got mad at a whistle blower who brought up this problem he said they were looking for a problem where their wasnt one) didnt want to step in and be the one to stop low income people from buying houses and commit political suicide.

[skalami0]

Its easy to broadly say "its speculators" but when you really go in and look at how the specific market works you see its S&D And its GOVT (under of well meaning dems) that forced the banks way back when to make loans to people that by our credit system alone shouldnt have gotten them this created an artificially high demand. Which was still somewhat ok but when banks figured out how to take the risky loans off of them to get more money to lend is when it took off and demand skyrocketed.

[rosewood223]

in the midst of the great depression, we have a douche called barney!!!

[willb48]

Why are the car manufacturers being stiffed, while the banks slide by? Barney is right to stand up for the manufacturing sector.

"I don't want to give the whole class extra homework."

[pokeinsider]

mccain never attacked barney frank because he didn't want to see barney get nasty go barney frank

[Meatpieandtatters]

Bail-out Barney, the blabbering buffoon.

[zed4785]

I think Congressman Frank is right on this one. If I'm not mistaken, the Big 3 is asking for just a small part of of the $700 billion already set aside for the financial bailout, which itself is just a small part of the $8.6 trillion the US gov is on the hook for (according to the NYT). Something needs to be done but with strings attached. However this may open Pandora's Box, as we may see a long line of companies that follow after this one goes through.

[magichandpuppet]

Pelosi, did you honestly think that the Democratic Party policies of giving people loans who could not afford them would help this country? And now the people of this country are to be slaves of your mistakes. You have promoted de facto corruption and are just as at fault as the Republicans in this tag team debacle which has ruined this country.

Please stop meddling, end the corrupt Federal Reserve, and let money manage itself.

[daderone]

is that like letting corporations and the economy regulate itself? you're a dunce and either someone pays you to regurgiate nonsensical rhetoric/talking points or u do it naturally on your own..don't ask people to be impressed with your ignorance and idiocracy

[magichandpuppet]

listen, daderone. It is the government's meddling that got us here. Wake up, you sorry sheep.

[daderone]

learn how to read. Its bs trade deals and loose regulations and big oil corruption thats gotten us here. Trust me I read your first message, there is nothing someone as dense as you can teach me.

magichandpuppet, is that what you are a puppet for invisible hand economic fallacies and ideologically warped agendas? If we wanted to take your advice about big gov't I'm sure we would have elected more Republicans..who got us here.

take your voodoo economic bs somewhere else. buh bye

[magichandpuppet]

Clearly you are the one that has absolutely no knowledge of true economics. Have you ever heard of Ludwig von Mises? Look him up, moron. Learn Austrian Economics and stop being a sheep. I agree that oil companies are ONE of the problems, but the problems and corruption are deeply rooted inside your Democratic party masters as well.

The Dems pushed Freddie Mac and Fannie May down our throats while preventing ANY regulation or oversight of these Dem programs. Stop being a sheep.

[daderone]

Ludwig von Mises, austrian economics. my lord. you're certainly not worth the time. go jerk off ron paul

[magichandpuppet]

I guess you and the other Keynesians can go suck yourselves off while you worship the federal reserve and your jewish masters.

[daderone]

ahh yes, I almost forgot about my "Jewish Masters". What is that a degree you get at inbred community college?

you are a riot. I swear if someone doesn't pay you to type this shit and it just comes naturally I would consider the circus.

you must have missed the last neo-nazi circle jerk, they were passing out flyers. We're supposed to be demonizing Buddhists and the disabled this week. Get a blackberry or something, welcome to the post civil war world. Its ok, u should stay.

[magichandpuppet]

It is sad that you see Republicans and Democrats as your only options. There is no true difference between these corrupt, bought and paid for, politicians. They get their money from the same oil lords and bank lords... even your precious new master, Obama, is bought and paid for. Look who paid for his campaign: Freddie Mac, Fannie May, JP Morgan. You cling to the Dem party because you think it is there for the people. This is a ruse, and you fell for it hook line and sinker.

[magichandpuppet]

I would never vote republican or democrat because I know the truth of both parties. You should wake up and research the truth, instead of spouting off the brainwashed party rhetoric you have been trained to.

Both parties caused this mess, and it is the end of the world as we know it. Prepare for the worst depression in the history of this country, and know that Dems are just as guilt as the Repubs for getting us here. The Dems prevented regulation of their corrupt Fannie Mae, Freddie Mac

[daderone]

all i read when i look at what you wrote is some loon ranting dumb shit like a baboon on cocaine. whats next how we should switch our currency to be backed by bubble gum and soap?

[magichandpuppet]

it is so sad when I meet a man older than I who has the brain of a small child.  You are your father's worst regret.

[skalami0]

magic is right daderone. Fanny and Freddy were told to help finance the money for the banks to make these loans and assure the banks that they could lower their lending standards. Early on their was lots of questioning about this but everyone time a case came up where a lower income minority was denied a loan the bank would be made an example of and accused of racism by local reps. That and F&F figuring out they could put mortgages in groups of 100+ & sell them thereby hiding the risk killedus

[daderone]

Ah yes what was I thinking I'm lost in this world to my Jewish masters and just need to learn more about Austrian economics. That sounds perfectly sane. Skalami you r a genius damn those US citizens what the hell r they doing counting on a bank? Those poor banks and corporations, why can't people just leave them alone. meanies thats what people like me are a big bunch of meanies

[skalami0]

Its not about being mean,its banks lending to people who they knew could not pay so they needed to sell the loans to get more money to lend. They repackaged and reworded the loans so they appeared low risk, sold them and moved on. People who blatantly could not afford to pay saw their coworkers in nice homes and thought i can too. A $1k month arm on $2k pay. The banks were forced into a situation with bad loans and found away to make it work Barney helped F&F facilitate this method of loaning

[daderone]

You said it, it is about banks lending and loose regulations on the manner in which they packaged and gave those loans.Its also about handing over the market to speculators and letting them play with the numbers again, loose regulations and a lack of government involvement. The banks are in trouble because they took risky moves and foreclosed on houses instead of renegotiating loans to keep money moving thru the system & people in their homes. Keep on drinking that koolaide. Its what got us here

[skalami0]

This worked as long as houses kept going up in price. People got equity and a stake in their homes and the govt got more taxes. But as of recent the lending standards were lowered further to no money down with ARMs. Thats done now, no more homes going up $10-30k a yr in value. Houses have acted as printing press for money all these years inflating the economy and its over. In addition to thousands of jobs lost all that income and extra spending is gone with the extra home taxes along with it.

[daderone]

houses only spiked in prices and burst in the market bubble because pricing was handed over to the speculators and gov't drew back its hand.While you keep wanting 2 demonize govt it is govt that faltered under conservative agenda and led to our housing markets bursting and money pouring out of the country into foreign hands. A con agenda that involved demonizing govt 2 the extent that they prefered 2 destroy it rather then use it in its capacity 2 prod. effective results. Go listen 2 limbaugh

[skalami0]

Daderone you are completely wrong on this. I am not a repub i voted for Barack but to blame this on conservatives is just wrong. Most of this started under Clinton and before and it WASNT speculators that caused the rise in housing. It was supply and demand and it only takes a (relatively) small steady drop in demand to heavily affect supply pricing. Speculators are a scape goat for the less informed, look it up. Too many people were buying houses that couldnt afford them.

[daderone]

I'll make it real short and sweet for you ok cupcake? You've been full of shit since you wrote your first comments and you're full of shit now.

Now lets be blunt, either you're getting paid some serious cash to spout of and repeat the ignorant bs you've been regurgitating, you lie for fun or you are dumb as bricks.

To be honest I don't have a preference which it is but don't tell me to look shit up that I'm more informed on the you are. Thanks bye.

[skalami0]

you know im right when you resort to coming off like a child with the name calling. Lets be blunt? You think someones paying me? Repeat what ignorant BS? Tell me correctly what happened then instead of just insulting me. How informed are you if you cant even explain what youre talking about. And dont copy and paste now.

[voyeurdug]

A sea-change is needed in management's view of itself, its view of labor, its view of labor-management relations, and its view of the marketplace.

Also, a sea-change is needed in labor's view of itself, its view of managment, its view of labor-management relations, and its view of the marketplace.

A sea-change takes about a generation and a half (30 years). This change has been overdue for about that long, and is needed RIGHT NOW.