Reply to Barney Frank is being quite candid

Forum Index » Political Discussion

Reply to "Barney Frank is being quite candid"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]Barney Frank is not worthy of comment.  He enabled the worse financial recession since the great depression.

September: Then-House Financial Services Committee Ranking Member Barney Frank (D-MA) strongly disagrees with the Administration's assessment, saying [b]"these two entities – Fannie Mae and Freddie Mac – are not facing any kind of financial crisis [/b]… The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."  (Stephen Labaton, "New Agency Proposed To Oversee Freddie Mac And Fannie Mae," The New York Times, 9/11/03)

He protected these criminal enterprises from any normal regulation. [b] regulatory capital of less than 2.5%[/b]   f'cking insane

Minimum Capital. The minimum capital standard requires us to hold an amount of core capital that is generally
equal to the sum of 2.50% of aggregate on-balance sheet assets

see - http://www.freddiemac.com/investors/ar/pdf/2007annualrpt.pdf

it is a crime what happened and IS STILL HAPPENING and Barney was a key player![/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics