Dick Armey Discusses the Dodd/Frank Bailout Bill

FreedomWorks Chairman and former House Majority Leader, Dick Armey, discusses the many problems of the Dodd/Frank Bailout Bill. Among them, Senator Chris Dodd's relationship with Countrywide Financial, a company that would benefit to the tune of $25,000,000,000 from this bailout package.

Category:

News & Politics

Tags:

• Chris
• Dodd
• Barney
• Frank
• Bailout
• Mortgage
• Countrywide
• Congress
• Senate
• commentary
• analysis

[Dabrigadiersniper]

Terrible Bill it destroyed the Mortgage industry in the inner city because it states that you must give the same rate and earn the same amount of points on a person with a $100k house the same as you would a person with a $500k house while that sound fair and balanced on the face, from the loan officer who works on the loan it is not because 1% ( 1point) on a $500k loan is $5k one point on a $100k loan is $1k. There is no incentive for me as a loan officer to write loans in poorer communities.

[glenlackey2]

I am really happy about the part of the Dobb-Frank Bill that on July 15th 2011 stops me from buying gold and silver over the counter.... that is the best part of getting fucked in the ass again by my government. Thanks, hey how bout a reach around or at least a kiss on the cheek.

[jyoung0000]

That goes for both parties!

[Ermengarde11]

The difference is this: The wealthy want their money to work for them at the wall street casino, while the rest of us work for our money.

That's gotta stop. The casino needs to be shut down once and for all, or begin acting responsibly for once. Money can be made just as easily by investing in SMART things rather than stupid things, so what is their problem? Greed makes them all blind.

[Ermengarde11]

Yes, whatever happened to anti-trust regulations anyway? Why did they allow this situation by allowing merger after merger, buying and selling worthless paper, etc. etc.? Dodd's got the right idea, but truly, aren't the regulations still in place from the anti-trust era? Isn't somebody somewhere in violation of those regs? People are such fools! See my video response.

[Ermengarde11]

Oh yeah, &did Bushie Boy do anything to reverse it? Not remotely, &then at the last minute in his term he made sure his Treasury Secretary gave all their banking buddies one last humongous windfall on the backs of the taxpayers.

Your perspective gives them the rope to hang us all with, wake up before it's too late.

The Republican Party is digging its own grave, they will never take a stand and change the status quo, they profit FAR TOO MUCH from it.

[gopconservative78]

Chris Dodd and Barney Fag need to be thrown out

[jpjc2005]

Check your history folks...BILL CLINTON signed the banking de-regulation bill in 99'.

Friggin dem-dummies trying to play the blame game thinking we forget history.

[Navywxman]

Talk about witless. On the one hand blazer thinks Dodd and Barney need to be thrown out. How about the wall street and washington fruads who deregulated to loot the public and then have their spokesman Bushy try and get the public to then bailout just the wealthy investors, public be damned.

The there is Dick who tries to misdirect the boobs watching to focus on Dodd and countrywide financial. I'm sure its iffy but Bushies bailout was more so to the wealthy!

idiots seem to fill the air

[blazer79]

Chris Dodd & Barney Frank need to be thrown out on their heads, NOW!!!!!!!!!!!!!!!