On 10-24-10, ROSS SAUER said to TIM RICHARDSON:

All I need do is post what Breibart is doing.
I don't need to ever make anything up about that loser.

I'll post what Barney Frank is doing:


Barney Frank's Incompetence, Politics Made Financial Crisis Worseby Dan Riehl


The document trail below reveals some extremely troubling questions for Representative Barney Frank. Is the GAO report cited below truly the first serious investigation of the mortgage meltdown? Did Congress or the Financial Services committee he chairs have access to mortgage meltdown information from other sources, especially with said GAO report already well on its way to completion?


Why was Barney Frank pushing for his "expanding home ownership bill"¥ in the midst of this looming crisis he already has good reason to suspect was going
to get worse? Was he pushing it for purely political purposes prior to the
2008 election, while knowing full well the American housing market was headed for disaster and American taxpayers would be left on the hook as a result of his policies?


While not quite a smoking gun, an examination of the record suggests that
while Rep. Barney Frank had good reason to be concerned of a pending meltdown in the housing sector, either out of sheer incompetence, or political maneuvering, he did the exact opposite of what he should have done as a representative of the people of Massachusetts.


Via Mortgage News Daily, on April 24, 2007, problems within the mortgage industry were already coming to light. And it was happening right in front of Barney Frank's committee.


The chief executives of both Freddie Mac and Fannie Mae as well as the
Chairman of the Federal Deposit Insurance Corporation and the Federal
Housing Commissioner and Assistant Secretary of the Department of Housing and Urban Development testified last week in a hearing before the U.S. House Committee on Financial Services about solutions to the current subprime mortgage turmoil.


In fact, it led Frank, among others, to request an indepth GAO study of the issue. The details of their concerns at link. So, Frank was obviously aware of serious issues within the mortgage industry in Spring 2007. So, what would be the competent, prudent thing to do? The smart play would be to wait before potentially making things worse, unless of course one was thinking more about politics and 2008.


Subsequent to the hearing, Chairman Barney Frank and Ranking Member Spencer Bachus requested that the Government Accountability Office (GAO) conduct a thorough study of the reasons for the recent surge in foreclosures. In a
letter to GAO's Comptroller General, Frank and Bachus said that it seems
clear that the type of mortgages that have been offered to borrowers in recent years is one such factor, but perhaps not the only one.



The two Congressmen instructed GAO to examine the current state of the
problem, its causes, and potential solutions, and seek to provide answers to the following questions, as well as any others that the GAO finds to be relevant.
Just one month before the GAO report referenced above was officially released, Frank teamed up with Maxine Waters and the House passed comprehensive FHA reform. A best case scenario would be that Frank acted incompetently, without having seen the pending results of the GAO study. But these studies aren't
done in a vacuum. Had Frank and the Democrats held off just one month, it's quite possible that passing the FHA reform legislation would have been politically untenable.


Consequently, there's good reason to question if this wasn't actually
a far more sinister action undertaken to appease certain consitutents priot to the 2008 election.


It's time for Barney Frank to stop dancing and answer the questions presented at top.


Washington, DC: The U.S. House of Representatives today overwhelmingly
passed H.R. 1852, the "Expanding American Homeownership Act of 2007,"¥ which will revitalize the Federal Housing Administration (FHA), a federally insured loan program that for over 60 years has been a reliable source of affordable fixed rate mortgage loans, especially for first-time homebuyers. The measure, originally introduced by Representative Maxine Waters, Chairwoman of the Subcommittee on Housing and Community Opportunity, and Barney Frank,
Chairman of the Financial Services Committee, will enable FHA to serve more subprime borrowers at affordable rates and terms, recapture borrowers that
have turned to predatory loans in recent years, and offer refinancing loan opportunities to borrowers struggling to meet their mortgage payments in the midst of the current turbulent mortgage markets.





---
*Durango b301 #PE*
* Origin: Doc's Place BBS Fido Since 1991 docsplace.tzo.com (1:123/140)

On 10-25-10, ROSS SAUER said to TIM RICHARDSON:

"TIM RICHARDSON -> ROSS SAUER" <1:123/140> wrote in RS>news:10805$ALL-POLITICS@JamNNTPd:

On 10-24-10, ROSS SAUER said to TIM RICHARDSON:

All I need do is post what Breibart is doing.
I don't need to ever make anything up about that loser.

Here's something nice for you:

Protester Who Called Breitbart "Gay" Identified As Dem Official; Media Gives Her A Pass - Big Journalism

And this has what to do with the price of tea in China?

Oh.....tell me I'm wrong!

The true point is, Breitbart has no credibility, no sense of decency, and RS>no class.

*You* missed the point! You people are always telling everybody how `tolerant' you are......how `inclusive' you are.


Yet....true to form.....when you people want to cast the worst vile insults
you can think of at someone.....accusing them of being homosexual ranks right up there with the vilest of insults! Is, in fact, about the very first insult you think of to throw at someone.


By the way, Breitbart has a lot more credibility than you'd like to think. As far as bringing up those three attributes....you're a little out of your league, there. You know very little if anything about them, much less how they apply to Andrew Breitbart.

Must of been working on setting up another love nest with porn magazines, RS>a jar of condoms and video cameras.

Who'd know more about stuff like that than you.

http://tinyurl.com/26xhhut

You even know the web sites by heart, it seems.


You know.....your ability to seek out and post up all these sex type urls is going to waste. You should be working for the National Enquirer, or something.


Didn't you once say you could make tons of money pandering to certain types of readers? Whats keeping you from cashing in on your uncanny ability to sniff
out sex, filth, and lurid details? Must be that `true sense of morality' you said you've got, kickin' in big time, eh?


Yeah......thats it.


---
*Durango b301 #PE*
* Origin: Doc's Place BBS Fido Since 1991 docsplace.tzo.com (1:123/140)

All I need do is post what Breibart is doing.
I don't need to ever make anything up about that loser.

I'll post what Barney Frank is doing:

Barney Frank's Incompetence, Politics Made Financial Crisis Worseby Dan

Riehl

No doubt, we will soon learn that Dan Riehl played hooky in the 6th and is a far right liar for the GOP.

Otto doesn't talk politics. He talks people.

--- Microsoft Outlook Express 6.00.2900.5931
* Origin: Fidonet Via Newsreader - http://www.easternstar.info (1:123/789.0)

Yet....true to form.....when you people want to cast the worst vile

insults

you can think of at someone.....accusing them of being homosexual ranks

right

up there with the vilest of insults! Is, in fact, about the very first

insult

you think of to throw at someone.

Otto himself has called every straight conservative in Fido a "fag" at one
time or the other. So has that fat fuck who runs Debate.

--- Microsoft Outlook Express 6.00.2900.5931
* Origin: Fidonet Via Newsreader - http://www.easternstar.info (1:123/789.0)