Barney Frank: White House 'Photo Op' Designed to Help McCain

Amazing!! We have 4 or 5 times with Barney Frank on C-span telling everyone that Fannie and Freddy are solid and do not need more regulations.... Now we have quite a group saying they were not a fault, it was all a Republican plot and just because we controlled the congress for two years does not mean we could actually do something. I guess if facts do not matter then they are correct. It has become easy to blame and point; you just ignore the actual facts and tell yourself what you want to believe and then spread this around as "fact." Oh my, don't confuse me with facts, my mind is made up. Good grief!!!

The FBI should investigate Barney Frank's involvement of Fannie & Freddie.

And just for the record, Harry Reid told McCain he'd better get back to Washington to help with the bailout bill and when McCain did return, criticized him for going.

You can't have your cake and eat it too. I'm sick to death of how unfairly this has been covered.

Harry Reid was the one who told McCain to come back to Washington!

Barney Frank is trying to "help us"??? If the two institutions had been regulated as far back as 2001, which bills Mr. Frank has blocked, we wouldn't be in the financial mess we're in now.

Thanks but NO THANKS. Barney Frank has a lot to be accountable for. I wish someone would have the nerve to confront him.

MESSAGE to FRANK: Just shut-up and get back to work. You got a lot of wasted time to make up for - you moron.

Who elects these clowns?

Do I really need to hear "it's all Bill Clinton's fault" everytime the Republicans blow something up? Well don't worry non-Republicans, we can start saying "it's all W's fault." By the way, it's all W's fault.

Barney Frank is tring to help us. When the hell will American's take back our country from these criminal politicians. Bush/Cheney have robbed the American public of not only our hard earned tax dollars but the lives of thousands of innocent soldiers as well as our once good name. If McCane and Palin take the White House they will begain to erode our country further. Stop listening to the radio airwave lies and take charge before it is far to late, as I fear it may already be.

Bush is Lucy, setting up the political football.

The Congressional Democrats are Charley Brown, moronically convinced they have no choice but to once more try and kick the ball.

But this time, instead of Bush snatching the ball away, it’s McCain who intercepts the play, grabs the ball and runs with it to the opposite goal line.

The score: Bush and the Democrats look like a losing “team” while McCain boasts of saving the taxpayers’ $700 billion.

And Barney Frank is once again revealed to be a capitulating tool.

That would be the same Barney Frank who said 2 years again that Freddie and Fannie were solid and needed no regulation?
Why would anyone doubt anything he says now?

It reminds me so much of the Boondocks (McGruder) cartoon in which Huey's grandfather saw an ad on TV telling him that he could "get back in the game."

It was in response to ad for one of those "ED" treatments ... like Bob Dole used to advertise.

I think it's sad that a presidential candidate is interrupting the actual work of legislators to resolve the crisis (led by the Democrats, by the way) with this kind of empty political showboating. Talk about lack of substance.

Look, the Dems have a lot of explaining to do.

From the get go it was Bill Clinton who, in the middle of pardoning all those criminals, decided to put his crony, William Raines in the top position at Fannie Mae. Then, he proceeded to turbocharge the lending making it easy money for anyone with a pulse. The easy mortage money led to increased valuations in real estate (a bubble now nearing the bursting point). As you would predict, many of these loans cannot be repaid. DUH

Fannie Mae had very little oversite as compared to the average publicly held company. They fell far behind on filing their financial statements. Barney Franks and Chris Dodd let it happen on THEIR watch.

Look, the list of characters runs long and deep. Thank God the FBI is on the trail of the following:

Franklin Raines - crook - Chairman who lead Fannie Mae into the disaster - meanwhile he received a below market rate loan for 982k at 5.125% !!!

Jaimie Gorelick - crook - vice chair at fannie mae and received a below market rate loan for 960k at5%

James Johnson - crook - Chariman took out a below market rate loan for 975k at 3.75%

The list goes on and on. Listen, they have a long list of characters, including Franks, Dodd who were VERY well aware of the nature of the problem here and chose to look the other way.

The sad thing is, in 2005 a bill was introduced in the senate to address the lack of oversite... it was voted down by the Dems and refered to committee where it died.

Now we all will be able to pay for the dirty deeds of the crooks.

Question: in the era of Sarbaines Oxley how in the hell does Fannie Mae get away without filing timely audited financial statements? Answer = dems in charge of the program. (Read those rules, which they helped write, don't apply to them)

All I can say is, let the investigations begin and may the heads roll jut like Fastow, Koslowski, Ebbers, Skillings, etc, etc, etc.

Government, you better start getting it right. The natives are restless...

You have no choice, pay the money or martial! lThis is not an accident.
Its not right, being held hostage this way. Privitizing profits and Socializing losses. The Bush/McCain way

What a political stunt.Mcshame must think the american people are stupid.He hasn't been in congress for 6mos. and now he wants to postpone the debate so he can work on this bailout? iTS SEEMS like it's campaign first instead of country first.He is afraid to debate Obama and he wants to change the story line to him instead of Rick Davis and SARAH bARRACUDA'S mistakes. What a bunch of idiots run that campaign. From the moment he suspended his campaign the
talking points from all of his idiots were Sen Mccain wants to put the american people first. He has been their for 26 years and has not thought about what was good for the american people.

Why are all the Democrats corrupt? Obama chose the right party. How did he manage to pull the wool over so many people's eyes? Typical scumbag tacits - McCain so busy defending himself from the left-wing media that 'Barry' gets off scot-free. I've not seen any real criticism of him. Never. He's the most corrupt politician ever up for presidential election and no-one examines that. No-one No policies. No solutions. Nothing - just empty rhetoric. It's insane. No-one sees what he is. No-one. All mindless sheep being led by the slaughter. No wonder he went down well in Berlin. Another mindless nation. God help America.

The 1992 Presidential Debates with Ross Perot were not dull. His warnings have now come true. Replace John McCain with Ron Paul. Add Ralph Nader and Cynthia McKinney. Barack Obama must earn his victory, not win by default.

The 1992 Presidential Debates with Ross Perot were not dull. His warnings have now come true. Replace John McCain with Ron Paul. Add Ralph Nader and Cynthia McKinney. Barack Obama must earn his victory, not win by default.

Frank: "Fannie Mae and Freddi Mac are not in a crisis."

Jackson in NC

Sorry, My bad.

What is this thing about Democrates blocking a vote? If it has to do with controlling what a Financial Institution could and couldn't do that ended up creating this meltdown, then maybe they shouldn't be running a business in the first place if they can't control their impulses to not make bad decisions.