Rep. Frank - Final Housing Bill

The House has just passed the most comprehensive response yet to the American mortgage crisis. The American Housing Rescue & Foreclosure Prevention Act, H.R. 3221, will help families facing foreclosure keep their homes, help other families avoid foreclosures in the future, and help the recovery of communities harmed by empty homes caught in the foreclosure process. To shore up the housing market and ensure the availability of affordable home loans, the bill would put a tough, independent new regulator in charge of the housing Government Sponsored Enterprises, or GSEs (Fannie Mae, Freddie Mac, and the Federal Home Loan Banks), which are vital to both the financial markets and American homeowners. The new regulator will be far better prepared to quickly and effectively respond to issues affecting the safe and sound operation of these enterprises. The centerpiece of the bill will help significant numbers of hard-working American families in danger of losing their home refinance into lower-cost government -insured mortgages they can afford to repay -- at no cost to the American taxpayer. President Bush rescinded his veto threat on the legislation this morning. Rep. Barney Frank spoke in favor.

Category:

News & Politics

Tags:

• Democrats
• Congress
• American
• Housing
• Rescue
• Foreclosure
• Prevention
• Act
• Barney
• Frank

[biztitan]

LIAR!!!!!!!!!! Barney must GO!!!!

[huskie767]

The terms of this housing are outrageous!

The idiots in the House included the folowing: a. transferred appropriation authority from the house to the Treasury for Fannie & Freddie matters. b. allows Treasury to buy stock in Fannie and Freddie

c. raised ceiling on national debt by $800 billion d. all credit card transactions will be reported to the IRS.these are just a few of the issues. It's no wonder why this congress led by Nancy pelosi has the lowest approval ever recorded.

[beatsbytheory]

"Will you please yield and stop exposing the lies of the Right wing lobbyists and blame placers" Barney: NO. Shut the fuck up and let me bust the (R)'s ass for lying!!"

[barnieca]

Barney and Pelosi are full of Lies. The Dems didn't pass any bill related to Fannie and Freddie in 2005. They stood in the way of the regulatory bill proposed by Republicans, including John McCain. They did this by not allowing the bill to be voted on. Look up the facts.

[unitedwecouldstand]

Get out and vote is the only way to get this gargage out of the congress and the Senate. However, its also the media that needs to be put in the spot light for their role in keeping a lid on the crimes being committed by the left.

[caltvater]

Sure they were trying to pass reforms, they were trying to cover their asses! Not only do we need to investigate FM/FM, but ACORN and Congress.

[jjmcoates]

n response to the Bush proposal to help regulate the finance industry, Barney Frank said, "'These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''

[rocketman6464]

will somebody please put their cock in this fudge-packers mouth--fucking liar!!!!!!

[rocketman6464]

fat fucking pig !!!! liar fucking liar!!! liar--liar!! fucking fat liar---piece of shit

[rocketman6464]

hey barney --you need to get raped in prison you fat blubbering waste of after-birth you---take your pals waters,pelosi,reid,schumer with you.

[Maxwedge12000]

If this thief was not a congressman, he would have been in the mob. How does he keep his seat?