Tuesday, May 11, 2010

2006 Barney Frank Video Is Stunning

The video of a speech given by Rep. Barney Frank, D-Mass, has recently surfaced. Three weeks after making this speech, Frank became Chairman of the House Financial Services Committee.

His comments are stunning. Keep in mind that it is this man who was driving when the country ran off the road into the present financial crises.

As Chairman, he oversees, among other things, Fannie Mae and Freddie Mac.

I doubt that any of us need a reminder as to why we need new leadership in our country---but just in case anyone has had a memory lapse, check this out.

Some notable quotes from the three minute video.

"One of the things we did was try to reduce the reporting requirements from the banks to the financial detectives. Far too much has been reported now, in my judgment."

On the plan to manage Freddie Mac and Fannie Mae funds: "distribute it more fairly."

On plummeting house prices: "I think its a good thing..."

On why it's a good thing: "Fundamentally I don't think that there's a crises..."

America's vote put far left progressives in office, allowing this man and others like him to be elevated to positions of power over the well being of our country.

His quote of the decade? "I'm pretty good with words but I'm not so good with things. I've had a lifelong struggle with things."

What can I say? Except, maybe, just in case you have had a memory lapse as to how we got to where we are, please take three minutes and look at this video.

It will inform you and hopefully inspire you to repeat the famous words---"Never Again".

Be Vigilant. Be Discerning. Be Active. Be Prayerful. Be Blessed.

________________
Gary Randall
President
Faith & Freedom

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5 comments:

  1. Barney does not bother me as much as knowing their is a legislative district out there with a majority of people who will vote him in office .

    ReplyDelete
  2. Wow, so the Chairman of the House Financial Services Committee is "driving the country"? What a complete and utter crock!

    While it's easy to play monday morning quarterback, and second guess what someone said four years ago, what were the folks Gary is proposing for new leadership saying then?

    We know Gary loves him some Dino Rossi. Rossi was in real estate, where are his warnings about the coming crisis back in 2006? How many people did Dino sell homes to that are now worth less than their mortgage?

    This is just more pathetic Republican reaching to try and find anyone to blame for this crisis but themselves their failed President, failure of a Congress and their failed ideology.

    ReplyDelete
  3. Sure, the banks made bad loans and we can argue about the government's role, but the dollars involved weren't even a fraction of the volume needed to bring a worldwide financial meltdown. You had to increase the loss exponentially by placing bets on those loans with money you didn't have and couldn't back up. And that's just what the banks did. It doesn't matter which party is in power, until we get the banks out of the casino business this will happen again and again. We need financial reform now and it's not Barney or his party that are blocking it and supporting the big banks.

    ReplyDelete
  4. RALPHINEVERETT7:41 AM, May 12, 2010

    So Reagan's deregulation
    philosophy had
    nothing to do with what is going on now.

    ReplyDelete
  5. "So Reagan's deregulation
    philosophy had
    nothing to do with what is going on now."


    Just the recovery Ralph . ;o) Seriously though why don';t be go back to FDR ? Because that is the nuts and bolts of the issue, how much room does government have to be in our lives. Is America better off without bigger government or with more government in our lives.
    Not just now , but for our kids. We must all admit we spending money now that is taking care of us , our retired citizens , health care and such that will have to paid by a different generation then the one receiving all the freebies. Put that way , its not a good thing .

    Do you trust government to be that involved and obligated to take care of the next generation ? I think Greece is an example of too much government and causing a system that could not be continued . They have the Euro and could NOT print phony money like us. It is also true that Greece suffered by some less then reputable business dealings from banks , a case for regulation to be tightened .

    Common sense often gets thrown out the window from my cheap seats. Right now I believe our President is not who i thought he was , he appears to be an ideologue with out common sense at times . A very smart man , but not able to see through his lens to see the logical choices he can be taking.
    Because he is pro gay , or pro choice , or whatever people defend him or attack him .

    Mick

    ReplyDelete

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