Obama supporters who caused the housing and financial disaster?
progressive democrats in power must believe citizens of country absolute morons, either or haven’t read newspaper in 2 years , don’t realize george bush no longer president. democratic party plans on retaining change message 2010. new tag line “vote us, or bad old economic policies of george bush. that’s right barack obama , progressive majority going campaign if still in kindergarten “its not fault….blame bush.” http://3.bp.blogspot.com/_e7ccgndynuc/st...
not approach childish, belies truth. policies of barney frank had more bursting of housing bubble, resulting bank crisis , “great recession,” policies of george bush. led frank democratic party brought down banking industry forcing banks give loans people couldn’t afford them, blunted republican attempts regulate industry.
frank aggressively fought reform efforts bush administration. told new york times on sept. 11, 2003, fannie mae , freddie mac’s problems “exaggerated.” exaggerated? fannie , freddie housing market collapsed , fell “great recession.”
http://www.nytimes.com/2003/09/11/busine...
“these 2 entities – fannie mae , freddie mac – not facing kind of financial crisis,” frank opined times. “the more people exaggerate these problems, more pressure there on these companies, less see in terms of affordable housing.”
10/8/03 washington post reported frank opposed giving bush administration approval rights on banking business activities “could pose risk taxpayers.” worried treasury department “would sacrifice activities consumers in name of lowering companies’ market risks.”
http://www.washingtonpost.com/ac2/wp-dyn...
in video below frank sits in 9/10/03 house financial services committee hearing , says fannie , freddie sound, , there no housing disaster coming.
http://www.youtube.com/watch?v=wgs6xvlcoei&feature=player_embedded
2 years later united states closer bursting on housing bubble. republicans in congress introduced bill regulated fannie mae , freddie mac. led barney frank , chris dodd bill killed.
on june 27, 2005 barney frank stood on floor of house of representatives , told america there undue concern housing market , though prices growing housing market not dot.com industry, housing bubble not burst.
http://www.youtube.com/watch?v=3hhoh5ltahi&feature=player_embedded
if guinness book of world records had hypocrisy category, winner barney frank, chairman of house banking committee. let me revise that, frank wouldn’t winner, judging actions guinness people have retire category.
when housing bubble burst mr. frank called prosecution of people caused banking crisis, should have looked in mirror.
barney frank got away housing bubble hypocrisy , still getting away it. fannie , freddie still asking public money, economy still in toilet , democratic party still blaming president bush.
http://yidwithlid.blogspot.com/2010/08/freddie-mac-is-asking-for-more-tax.html
while there plenty of problems george bush’s policies, recession has more policies of progressive democrats, of former president. in fact, if potus , progressive lemmings truthful, should blaming barney frank because when examine happened frank 1 blocked regulation of fannie , freddie , frank kept saying on , on there no housing crisis. o_o
im real curious see how many different answers
, how in common 1 another?
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