Joe Walsh screams at constituents, defends Banks

[badazz1694]

Hey Joe ..u will soon be back at your old job..at Walmart

[ILLEGALSQUATTERS]

When you look at the subprime mortgages that were issued at the height of the craze, between 2004 and 2006, Fannie and Freddie only sold approximately 24% of those loans. In 2006, 84% of subprime mortgages were issued by private lending institutions. These loans were then passed on to other private institutions, bypassing Fannie and Freddie. Although

[ILLEGALSQUATTERS]

Fannie and Freddie Miami have wanted to get into the fray, they were unable to participate. “Private investment banks — not Fannie and Freddie — dominated the mortgage loans that were packaged and sold into the secondary mortgage market.” Over 66% of these loans stayed in the private sector.

[phantomsuccour]

The teaparty and the idiots that voted them in ARE the problem!! Suppprting even more control of the government by corporations.

[SlackerSlayer]

The housing "problem" was caused by those that only make their payday from transferring properties. That parasite middleman is who pushed the law changes that caused the bubble,,, other than the normal pyramid scheme collapse mechanisms.

[SunnySide2000]

The Tea Party idiots that heard the words "cut spending" but never chose to ask what! Now their trying to cut all the programs these dumb asses voted him in.

[DontRepYourCity]

Who the hell voted this guy in?

[irajkhodadoost]

Congressman Joe Walsh! You think you can win an argument by shouting and speaking (not with but) at your constituents? I think you WILL BE A ONE-TERM CONGRESSMAN.

And calling the 99% movement traitors and socialists in another place shows your insensitivity & ignorance to the plight of the Veterans and average Americans at the time when the incompetents were bailed out and the average guy is left to fend for himself...But on the other hand, you have good looks, you just don't have the BRAINS!

[27irishgirl]

this man needs to be thrown out of office! what a disrespectful way of treating his constituents! what arrogance!

[DarthTroller]

Its not the private market place that created that mess? Yes it was!  It wasn't government interference. It was government not enforcing its own regulations that allowed banks to screw things up.

[SOBXDWG]

Joe "Child Support" Walsh is just the kind of person we would expect to defend "deadbeat" banksters.

Keep up the propaganda Joe. The sheep will listen

[stillbreathing37]

Your Congressman thinks he's above you.I suggest you change that.Before your kissing his boots.Personally can't believe you voted this garbage in in the first place.

[itsellieful]

Always hilarious to see republicans in the government complain about... government.

[manhatin]

I'd like to regulate his mouth.

[GBPackersRuleAll]

The securities weren't created until after they figured out that no one was paying. If they were worthless to begin with, why didn't the all-mighty government's SEC step in and say- noooooooooooooooooooooooo- these are worthless and manipulative toward the public?? Because they were making money off of it too.

[GBPackersRuleAll]

@alphaprimer, mrknowledgeispower1- They wouldn't have had to package those bad mortgages if they weren't on the books to begin with. I'm both an accountant and a stock broker. Carter with his cra, and ramped up by Clinton is the real source of the problem. The securities were created so that SOMEONE might be able to make some money while they were being forced to give no or low money down loans to people who had 520 credit scores and made 25k a year. No clear thinking businessman would do that.

[mrknowledgeispower1]

Joe Walsh is an idiot, another backward republican. "Don't blame the banks," he says, well, my question is who created the world recession. Anyone with common sense knows who created this big mess the world is in. If Mr. Walsh can't figure out who created the recession then he is truly backward.

[SoonerHumanist]

Not only is this guy dead wrong, but he's a complete jackass. If my congressmen spoke to me in that manner he'd be getting an earful.

[GBPackersRuleAll]

Sorry liberals, you're the tools. If Govt hadn't been forcing banks since the late 70's to figure out a way to get people who can't afford it into houses, this mess wouldn't have happened at all. They'd be sued as racists etc if they didn't. Most banks are smart enough to only loan to people who can afford to pay it back, and since they didn't we all get to suffer. We need more regulation like Nancy Grace needs another turkey leg to suck on.

[alphaprimer]

@GBPackersRuleAll: Obviously Sir, you are ignorant of what the mortage meltdown is all about, and the propped up Derivatives market, which was a way for the banks to chop up and re-formulate bad debts in such a way that the banks got more money from foreclosures than from home sales.

- These banks are like children, and If you don't regulate children, they will run around the house and do whatever they want, for they lack fear of punishment nor shame.

- The gov. is wall st and vice-versa

[mrknowledgeispower1]

@GBPackersRuleAll You are wrong, the government never forced the banks to loan to people who couldn't afford the mortgage. A little lesson, banks sold mortgages to people who couldn't afford them, because it didn't matter if people could afford it, the mortgages were bundle up and sold to investors all over the world, which the banks knew were worthless junk, but given AAA rating by the rating board. Dude, the banks own the U.S. government, if banks want regulation, they will ask for it.

[johnbbbs]

Yahsuh, Massa BANK Suh, Ol' Joe go tell them Field Hands nots to be blaming You BANKS Suh. Ol' Joe yo good BOY. Ol' Joe know hissa PLACE.

[skinwalkerxxx]

i'm a conservative but this guy is an idiot.

[MaudsPas]

Joe Walsh, Wall Street called they want their jock strap back.

[NorthCent]

This is what happens when an irredeemable d-bag drunk on tea flavored Kool Aid is handed a microphone. Resign in shame, Joe Walsh.

[golthimere]

Yes we want more government, more rules, more inforcers, and LESS freedom for banks!!! And most importantly, NO TEABAGGERS IN THE GOVERNMENT!!!

Although he makes a valid point. Those people voted this moron into office, and he and his friends are doing exactly what they said they'd do. They're destroying the government and its credibility. The best thing is to vote them out of office, and let the GOP implode on itself. The democrats are guaranteed to have a total victory in 2012. Decaf sucks.

[tehblintzor]

What a lunatic.

[passion8leader]

What an ass. Ha,ha,ha,ha!  WE NEED MORE REGULATIONS!! YEAH!! :D

[thisbeverse]

Deadbeat dad blames government regulation for abuses by companies out to make a buck at the expense of average Americans, while he resists government regulation to prevent further abuses. Can't have it both ways. But he tries. Deregulation is the problem. In the late 90s all the limits got taken off the banking industry and look where that got us.

[dagwoodification]

Sure, government played a large role, but to insist that AIG's un-backed credit default swaps, Wall St. securitization of bad mortgages, Country Wide's liar loans,

a thorough corrupt banking and financial industry has nothing to do with the problem is sheer stupidity.

[ModernPlague]

Perfect example of why Congress only has an approval rating of 9%!

These guys freak out when the public starts learning the truth and demanding action! They have to yell at you and talk down to you to scold you back into the role of peon-serf-slave that they see you as.

[halcyon0830]

DEADBEAT

DAD

JOE

WALSH

THE

WHORE OF

WALL-STREET MONEY

[caupachow]

This guy is going to go far. Tells it straight to idiots the way they need to hear it. I'll buy this guy a cup of coffee any day!

[rabbit8312]

@caupachow I hate to be the bearer of bad news, but "This guy" isn't going anywhere! Hypocrites, bigots and just plain assholes usually get what's coming to them. The people in this country are waking up and it's obvious in this video he was not well accepted. So, meet with this a-hole and have your coffee. Talk about all the money you have and most people don't. Then go home, beat your wife, kick the dog and throw out the kids. Jeez...what an idiot.

[caupachow]

@rabbit8312 hypocrites, bigots; where did that come from? everything he said is true. more government = more taxes = less growth. we are watching it now with our own eyes. besides I'd rather kick and beat you, i am a dog lover, the K-9 type, not your wife type.

[rabbit8312]

@caupachow lol...just like I said, this idiot falls under both categories (I defer to the majority of comments.) Nothing he has said so far is based upon facts, truths, or even basic information. Go back to your couch (the apathetic covered one), watch your FOX News, make your wife walk your dog (BTW-I have a K-9 too) and, as you're obviously a bully ("I'd rather kick and beat you")...oh, BTW ..(wait for it...) I'm gay....I also have BB in karate to defend myself, and I raised a straight son

[caupachow]

@rabbit8312 I'm the bully? you start by attacking me with Idiot and AHole telling me to beat my wife and kick my dog. Like I give a shit about your sexuality, you think of yourself as more important than you really are. Congratulations on BB; feeling a little insecure? Again; straight son. WTF? How about a law abiding son, good son, productive in society son. Gay/Straight Shit went out in the 1990s. Now go back to you government desk job or paint a picture of some dying flowers.

[MrNSBianchi]

If government regulation was really the cause of the crisis, then Walsh should name the specific regulations that were the problem.  He doesn't! Instead, he rants in vague generalities, wanting people to shut up and accept his spin. The truth is that the crisis was spawned by a deregulated mortgage lending and finance industry which made tons of profits from issuing and reselling huge volumes of costly mortgage loans.

[MamoDad]

You know, I never really did like The Eagles.

[tickletitsmcgee99]

What a douche.

[dallasdawg2010]

Rude as hell, irresponsible, and refuses to accept responsibilty for his children. WHAT THE FUCK IS GOING ON IN ILLINOIS? They elected this DEADBEAT DAD who can't make his child support payments and is now giving lessons about fiscal responsibilty. Damn right he won't blame the banks. They haven't weren't held accountable for their actions either.

[stevenlubman]

This is the asshole that owes his children $100K in support

[SuperContinuum]

Now he's blaming his ranting rave on no having eaten.

It wasn't his empty stomach, instead it was his empty head.

[Extreme719Ballin]

@SuperContinuum If that fucker was hungry, he could've easily gotten food seeing as he was in... A RESTAURANT!!!!!

Funny how the party of "personal responsibility" ALWAYS ends up pointing fingers at everyone but themselves!

This fucker should focus on paying his goddamn child support and quit yelling at others.

[3278001]

ANYONE OUT THERE ... A QUESTION ... HOW CAN WE GET THIS OUT-of-CONTROL

GOVERNMENT WORKER ( His Salary + PERKS !! Which are PAID W/Our Tax Dollars ) OUT OF OFFICE. ?

[3278001]

Mr Walsh ... To Say That YOU have an ANGER MANAGEMENT " PROBLEM " is an *** UNDERSTATEMENT *** You need to Get HELP &. RESIGN as an IL Rep. In Unites States House of Representatives. I am an IL Resident & a Registered Voter who VOTES. FROM DAY-One YOU'VE OFFERED NOTHING POSITIVE And have only contributed to the TEA PARTY HATE MESSAGE in AMERICA.

[dunivant66]

Deadbeat dad!!!

[ChorusArtists]

OMG - you had me goin'! I thought, "Why on earth would the guitarist from The Eagles, a working man's man from way back, lash out at OWS?!! Whew! Turns out it was just another douchebag politician and bank apologist. If anyone elects this retard, they get what they deserve. Do we want more regulation? Fuck no, you can't regulatye something if it doesn't exist. END THE FED, and let Wall St. burn.

[n987]

Joe Walsh hates America

[MsZeitgeist85]

Joe Walsh has his crying girl under the blanket moment......Leave Wall St. ALONE!!!!!!

[wellgeewhizz]

I love when GOVERNMENT OFFICIALS complain about how the government is the source of all ills in the country. Protip: if they were anti-government they wouldn't be happily drawing a taxpayer-funded salary.

[earthwormjah]

I know, I hate when those deadbeat "trying to be in homes poor regular citizens" bully those poor banks! At least the Faux news anchor was pretty tough on Walsh at the end!

[expatted]

It;s the banks.

This guy is done.

Pay your alimony Joe-- deadbeat dad

[BUSean]

I'm sorry I don't have the link that would verify this, but about 20% of the crap mortgages were the result of Fannie/Freddie. About 80% were privately backed.

I'm sure you can find the link. Sorry I don't have it immediately.

Walsh is full of it, which, hey, what can you do, he believes what he believes, but this is not the way to approach or deal with any one of your constituents. I hate to bring in an ad-hominem attack, but also a look into his personal life removes any moral authority.

[jik4446462]

HE is part of that very government he is bitching about. What a tool.



[rocketsauced]

Lol, faggot has epic freak out his own constituent, what a roody poo candy ass.

[rabbit8312]

@rocketsauced don't disagree with you at all...except for using the word "faggot". Is that really neceasary? Sort of takes away from your point, even when it's used against this idiot.

[MrCalomino]

This is a sad example of someone who has lost control, has no interest in listening to his constituents and all about himself.

Let's not forget that Walsh had the same passion for his pro gun control and pro-choice beliefs a few short years ago when he ran twice in the north shore.

Walsh is at best pandering at worse he has no respect for woman.

A disgrace to the Tea Party and the GOP.

[itsacanething]

pay your child support you bum...then maybe somebody will listen to your incoherent ramblings

[go5hole18]

So let me get this straight...FOX anchor focuses on the lame "Get him some decaf" throwaway line at the end, and not the tsunami of bullshit coming from this unhinged Koch whore's mouth for 90 seconds straight? Got it. Journalist much?

[LarryCebula]

Angry White Man is angry.

[clintatl]

Bye bye Joe! Hope you made at least $117,000 in Washington... You need to pay for your kids asshat.

[chiefshaver]

So, government shouldn't be meddling with the marketplace, but it's a-okay for the marketplace to be meddling with the government?

[doby1012]

What an ass! Can anyone get him to pay his child support now?

[reelbusy]

Pay your child support Joe!

[ericzum]

Hahaha, what a douche.

[CosmoHunter24]

Is he being serious? What a dumb asshole.