[AlexdeLarge]

O'Reilly on Frank

I'm no real fan of O'Reilly (His ego is the size of Canada), but his approval ratings went higher with me in this exchange. I can't stand Barney Frank. He should be thrown out of office and prosecuted for his involvement in the mess.

Now lets see O'reilly go after the other jerks in Congress.

[DantesPeak]

Although Frank is probably the most to blame for pushing through legistlation making it easier for low income areas to get mortgages, there is lots of blame to be spread around.

It was a mismanagement of F & F if they couldn't assess their profitability under government mandates. Other industries have to adjust to even stricter regulatory guidelines.

Also regulatory bodies, such as the Fed, did not offer any firm guidance or stop lenders from making unsuitable loan terms in those low income areas.

[Plantagenet]

The recordings of Barney Frank, Chris Dodd and other democrats fighting off the Hagel-McCain bill that would've put stricter regulations on Fannie & Freddie is hilarious. Just two years ago Dem after dem bloviates about how safe F & F are, and no more regulation is needed---

[Cochise]

$this->bbcode_second_pass_quote('Plantagenet', 'T')he recordings of Barney Frank, Chris Dodd and other democrats fighting off the Hagel-McCain bill that would've put stricter regulations on Fannie & Freddie is hilarious. Just two years ago Dem after dem bloviates about how safe F & F are, and no more regulation is needed---

[Fishman]

Yep, its an inside job by Bush, but Franks and Dodd have been running the system the last two years. Seems like a setup for obama to be the financial antichrist.

[beamofthewave]

That is why as soon as he is president, he needs to hold hearings and try and imprison those responsible for this mess. If they flee to foreign countries, then go get them, bring them back and incarcerate them.

[Plantagenet]

$this->bbcode_second_pass_quote('beamofthewave', 'T')hat is why as soon as he is president, he needs to hold hearings and try and imprison those responsible for this mess. If they flee to foreign countries, then go get them, bring them back and incarcerate them.

[DantesPeak]

$this->bbcode_second_pass_quote('', 'F')ranklin Raines, for example, was driven out of Fannie Mae for financial irregularities, but Obama has made him his financial advisor.

[Plantagenet]

The Washington Post, a prominent (and dominantly liberal) newspaper, reported in April that Raines was advising the Obama campaign.

"There's no dispute that Obama has no background in economics ...

Fannie Mae did collapse, requiring a government takeover, and Raines, its former chairman, paid $25 million in April to settle a case brought by federal authorities investigating his role in the agency's accounting problems....

.... an April story in The Washington Post that said Raines has "taken calls from Barack Obama's presidential campaign seeking his advice on mortgage and housing policy matters."

----------

Obama is the second largest recipient of campaign donations from Raines & other execs at F & F, after fellow dem Chris Dodd who headed the banking committee. If Obama wasn't the biggest supporters of these crooks along with Chris Dodd, then why did they shower campaign donations on him?

[DantesPeak]

$this->bbcode_second_pass_quote('Plantagenet', 'T')he Washington Post, a prominent (and dominantly liberal) newspaper, reported in April that Raines was advising the Obama campaign.

"There's no dispute that Obama has no background in economics ...

Fannie Mae did collapse, requiring a government takeover, and Raines, its former chairman, paid $25 million in April to settle a case brought by federal authorities investigating his role in the agency's accounting problems....

.... an April story in The Washington Post that said Raines has "taken calls from Barack Obama's presidential campaign seeking his advice on mortgage and housing policy matters."

----------

Obama is the second largest recipient of campaign donations from Raines & other execs at F & F, after fellow dem Chris Dodd who headed the banking committee. If Obama wasn't the biggest supporters of these crooks along with Chris Dodd, then why did they shower campaign donations on him?

[Plantagenet]

$this->bbcode_second_pass_quote('DantesPeak', '')$this->bbcode_second_pass_quote('Plantagenet', 'T')he Washington Post, a prominent (and dominantly liberal) newspaper, reported in April that Raines was advising the Obama campaign.

"There's no dispute that Obama has no background in economics ...

Fannie Mae did collapse, requiring a government takeover, and Raines, its former chairman, paid $25 million in April to settle a case brought by federal authorities investigating his role in the agency's accounting problems....

.... an April story in The Washington Post that said Raines has "taken calls from Barack Obama's presidential campaign seeking his advice on mortgage and housing policy matters."

----------

Obama is the second largest recipient of campaign donations from Raines & other execs at F & F, after fellow dem Chris Dodd who headed the banking committee. If Obama wasn't the biggest supporters of these crooks along with Chris Dodd, then why did they shower campaign donations on him?

[lawnchair]

If it wasn't for the fact that virtually the entire deregulated subprime market had absolutely nothing to do with Fannie and Freddie, I'd be a little more interested.

The Titanic is sinking, and we're assigning blame for capsized canoes, here.

[Plantagenet]

$this->bbcode_second_pass_quote('lawnchair', 'I')f it wasn't for the fact that virtually the entire deregulated subprime market had absolutely nothing to do with Fannie and Freddie, I'd be a little more interested.

The Titanic is sinking, and we're assigning blame for capsized canoes, here.

[Plantagenet]

Here's what the Washington Post said about Fannie Mae's reponsibility for the sub-prime mess:


"Fannie Mae aimed to benefit from subprime loans and expand the market for them -- and hoped to pass much of the risk on to others, documents show. Along with subprime loans, which were typically issued to borrowers with blemished credit, the company targeted so-called Alt-A loans, which were often made with no verification of the borrower's income.

"By entering new markets -- especially Alt-A and subprime -- and guaranteeing more of our customers' products at market prices, we met our goal of increasing market share from 22 to 25 percent," Mudd wrote in a 2006 year-end report to the Fannie Mae board dated Jan. 3, 2007.

In other internal documents, there was a common refrain: One of Fannie Mae's objectives for 2006 was to "increase our penetration into subprime."

In an interview, Fannie Mae Executive Vice President Thomas A. Lund said the company pursued the purchase of subprime loans in 2006 and 2007 at the request of lenders, who wanted Fannie Mae to take the loans off their books.

Sound familiar?

[AlexdeLarge]

$this->bbcode_second_pass_quote('beamofthewave', 'T')hat is why as soon as he is president, he needs to hold hearings and try and imprison those responsible for this mess. If they flee to foreign countries, then go get them, bring them back and incarcerate them.

[lawnchair]

$this->bbcode_second_pass_quote('Plantagenet', '
')
Fannie and Freddie underwrote much of the sub-prime market.

[Plantagenet]

$this->bbcode_second_pass_quote('AlexdeLarge', '')$this->bbcode_second_pass_quote('beamofthewave', 'T')hat is why as soon as he is president, he needs to hold hearings and try and imprison those responsible for this mess. If they flee to foreign countries, then go get them, bring them back and incarcerate them.

[Nickel]

$this->bbcode_second_pass_quote('AlexdeLarge', 'I')'m no real fan of O'Reilly (His ego is the size of Canada)

[DantesPeak]

$this->bbcode_second_pass_quote('Plantagenet', '')$this->bbcode_second_pass_quote('DantesPeak', '')$this->bbcode_second_pass_quote('Plantagenet', 'T')he Washington Post, a prominent (and dominantly liberal) newspaper, reported in April that Raines was advising the Obama campaign.

"There's no dispute that Obama has no background in economics ...

Fannie Mae did collapse, requiring a government takeover, and Raines, its former chairman, paid $25 million in April to settle a case brought by federal authorities investigating his role in the agency's accounting problems....

.... an April story in The Washington Post that said Raines has "taken calls from Barack Obama's presidential campaign seeking his advice on mortgage and housing policy matters."

----------

Obama is the second largest recipient of campaign donations from Raines & other execs at F & F, after fellow dem Chris Dodd who headed the banking committee. If Obama wasn't the biggest supporters of these crooks along with Chris Dodd, then why did they shower campaign donations on him?

[Plantagenet]

$this->bbcode_second_pass_quote('DantesPeak', '')$this->bbcode_second_pass_quote('Plantagenet', '')$this->bbcode_second_pass_quote('DantesPeak', '')$this->bbcode_second_pass_quote('Plantagenet', 'T')he Washington Post, a prominent (and dominantly liberal) newspaper, reported in April that Raines was advising the Obama campaign.

"There's no dispute that Obama has no background in economics ...

Fannie Mae did collapse, requiring a government takeover, and Raines, its former chairman, paid $25 million in April to settle a case brought by federal authorities investigating his role in the agency's accounting problems....

.... an April story in The Washington Post that said Raines has "taken calls from Barack Obama's presidential campaign seeking his advice on mortgage and housing policy matters."

----------

Obama is the second largest recipient of campaign donations from Raines & other execs at F & F, after fellow dem Chris Dodd who headed the banking committee. If Obama wasn't the biggest supporters of these crooks along with Chris Dodd, then why did they shower campaign donations on him?