03/17/2009 Part 2: Beck SLAMS Barney Frank, others for helping to cause the housing bubble

Glen Beck is toting out initiatives from the late 90's and early 00's that were passed in an effort to ease poverty in, as he puts it, "very very low income" areas, and then claims that these are proof that all democrats from Clinton to Frank are idiotic for supporting them because they involved the subprime market. What he neglects to mention is that ALMOST EVERYONE thought that market was a safe bet in the 90's! Comparing subprime market support then and now is misleading and slanderous.

Beck once again hits it on the mark. The Clinton administration, and the then Republican congress (1993-1996) totally dropped the ball on that one. Encouraging people to give large bonuses (because businesses would get tax deductions) and essentially forcing then-new regulations on the mortgage industry to finance uncredit-worthy people (sub-prime) is what got us into this mess. Bush just exacerbated the issue. Funny money gives the false impression of a good economy that can last for years.

Bush and McCain actually tried to stop Freddie and Fanny from loaning so much - and they tried several times. Dems stopped the bills each time.

"Glenn Beck continues to explain how the Obama administration is playing a misdirection game by focusing on the bonuses at AIG rather than all of the tax money going to other countries"

How are they playing 'misdirection' when they didn't want it to come to light? They DIDN'T want it known and were prepared to keep it a secret. Other folks brought it up, not the administration. Beck is such a tool.

Too bad youre incorrect. How about go study your history before making such statements.

I still can't believe how dumb liberals are..After just 60 days of disaster they still haven't seen the light. It's why I am positive that 'liberalsim' is a real mental disorder. Seriouslly... How much more proof do you need? Go to NormalUSA. org and see all the evidence of fleecing and corruption by schumer, frank, pelosi, obama, dodd, reid etc..All libbs keep saying is Bush Bush Bush, war, oil..lol.Shut the f*ck up already.Morons- Go educate yourself Please! Normal USA. org

I hope you don't think Mccain was the solution last election. Obama and Mccain were equally terrible candidates. Elect Libertarians

If liberalism is a mental disorder, then conservativism would be an 80 pound fecal impaction.

Turn off the volume so your mind isnt' polluted & just watch what insanity looks like.

Yeah, its called the obamanation spending plan.