...whether it's the 80's S&L mess, tyco, enron, worldcom, global crossing, fannie, freddy, AIG, the dp is always neck deep in it, and their pockets are lined with the looted money they so loudly denounce? Coincidence, I'm sure.

The rest of us have to be heavily regulated because the dp can't help being crooks. It's a variant of the old it's our fault they are thieves because we left the doors unlocked.

They all 'take care of' each other.
The democrat Senator literally in bed with the head of the bad loan department of a bank his committee had jurisdiction over (a bank that contributed money heavily to him), and anyone who sees a conflict of interest is a partisan homophobe prying into barney’s private life. His obstruction of oversight and reform of this bank (Fannie Mae), while at the same time accusing those attempting oversight and reform of being scrooges to the ‘less fortunate, was instrumental in its’ failure, and the subsequent failure of the insurance company backing that bank, AIG (Which also contributed heavily to barney).

Then this little clown has the nerve to blame the GOP for the whole mess, demonize all the current execs at those organizations (his ‘spouse’ left AIG and barney in ’98), and take over the entities he was supposed to be overseeing in the first place (and was instrumental in wrecking). Better get used to this sort of stuff, it comes with the (D).

If you’re in a credit union, start worrying, these same crooked clowns are about to go to work on them. The greedy b*stards want to control and run it all, and when they do they’ll run it right off a cliff because they have no clue what they are doing beyond sounding good to their ignorant constituents. So far, it looks like they’ll ‘succeed’. It’s already the greatest destruction of wealth the world has ever known, now they are going to push on to make sure none is ever likely surpass it.

Oh, and the GOP won’t even make a serious attempt to stop it.

here ya go doubters, don't worry just because your news outlet apparently didn't deem it newsworthy when they and the dp were railing on the 'culture of corruption.' Merely an honest oversight, they aren’t biased or anything.
http://www.foxnews.com/story/0,2933,432501,00.htm

know what the left will say..You're a homophobe..blah blah blah and completely ignore the duplicity because Barney is one of their own...and herb moses?? well again you're just a homophobe..in closing they will finish their "arguments" with BUSHITLERBURTON! BUSHITLERBURTON!

there will not be a word said in the main stream press about this, no outrage, nothing. after all these are supposed to be the good guys

Speaking of facts, it was actually longstanding Republican (and SEC Chairman) Chris Cox who admitted that "dergulation WAS the problem" in the finance industry.

http://www.marketwatch.com/news/story/voluntary-regulation-doesnt-work-secs/story.aspx?guid=%7B5DB199B7-71BD-44BF-8A63-A4F40ADC8EC3%7D&dist=msr_4

Carp all you want about the government--there's plenty of room for improvement after all--but don't pretend that the solution is to repeat the deregulation mistake.

A "free and unfettered market" is, essentially, a bad idea. It led to the S&L scandals when Reagan tried it, and it led to the financial mess we see today.

Regulation and oversight are needed--in other words, _accountability_. What a novel concept, after eight years of pretending corporations could do no wrong!

I'm guessing the next step is that Obama will call attempts to rein in Freddie and Fannie as another of the 'failed policies of the Bush Admnistration."

Facts – Barney Frank

To Copyleft and others who continue to believe that this crisis was a result of deregulation and the lax attitude of the Bush administration, please do some research, the information is out there, despite the attempts of the democrats and the main stream media to suppress it.

April 2001, the Bush Administration produces its 2002 budget, and declares that the size of Fannie and Freddie Mac is “a potential problem,” because “financial trouble of a large GSE (Government-Sponsored Enterprise) could cause strong repercussions in the financial Market”.

Sept 2003, Barney Frank, in response to the Bush administration trying to overhaul Freddie and Fannie, "Fannie Mae and Freddie Mac do very good work, and they are not endangering the fiscal health of his country ... I believe there has been more alarm raised about the potential unsafety and unsoundness than, in fact, exists."

June of 2003, Deputy Secretary of Treasury Samuel Bodman repeats the Bush Administrations call for “a new, first class, regulatory supervisor for the three housing GSEs: Fannie Mae, Freddie Mac, and the Federal Home Loan Banking System.”

May 2006, Sen. John McCain calls for GSE regulatory reform legislation, “If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.” His legislation is blocked by Democrats in the Senate.

Throughout 2007 the Bush Administration continues to call on the now Democrat congress to pass a reform package for Freddie and Fannie, the calls go un-headed.

July 2008, Sen. Chris Doss says “There’s sort of a panic going on today, and that’s not what ought to be. The facts don’t warrant that reaction; in my opinion … Fannie Mae and Freddie Mac were never bottom-feeders in the residential mortgage market. People ought to feel comfortable about that’.

The fact is, the Democrats, and in particular Barney Frank, fought all attempts by the Bush administration and Republicans to fix the problems with Freddie and Fannie long before it all came crumbling down at the end of 2008. If the reforms that the Republicans had sought as early as 2001 had been enacted, the crisis we are in now probably never would have happened. And yet, the very same people that blocked the reform back when it would have actually made a difference are the ones that are now in charge of “fixing it”. And their method for fixing it is more of the same, government interference in the free market.

These are just some of the facts, don’t believe them, do a little research. Stop listening to what the very people who caused this problem are telling you and find out for yourselves.

.. considering he was sleeping with a Freddie Mac executive when ......

Barney was just taking one for the team.

Copyleft has never been bothered with research, he just gets his talking points from his boss and runs with it.

Barney Frank in September of 2003, in response to the Bush administration trying to overhaul Freddy and Fanny because they foresee the potential disaster that Freddy and Fanny represent.

"Fannie Mae and Freddie Mac do very good work, and they are not endangering the fiscal health of his country ... I believe there has been more alarm raised about the potential unsafety and unsoundness than, in fact, exists."

The fact is, the Democrats, and in particular Barney Frank, fought all attempts by the Bush administration and Republicans to fix the problems with Freddy and Fanny long before it all came crumbling down at the end of 2008. If the reforms that the Republicans had sought as early as 2001 had been enacted, the crisis we are in now probably never would have happened. And yet, the very same people that blocked the reform back when it would have actually made a difference are the ones that are now in charge of “fixing it”. And their method for fixing it is more of the same, government interference in the free market.

The current financial crisis is NOT a result of the free market; it is a result of government interference in the free market. It is the result of government overriding lending institution rules on how people qualify for credit, all in the name of “fairness”. And who is better off for this interference, the people who are now losing their homes because they bought homes they couldn’t afford? Are those people happier? How about the people that are now losing their jobs due to the financial crisis? How about the taxpayers who now have to pay the price of the bailouts and so called “stimulus”, are they better off? And what about our children, who will ultimately pay the bill when it comes due?

The simple fact of the matter is, when you let government interfere in the free market, these are always the results. It is nothing new, governments throughout history have attempted these types of controls and the results have always been the same, failure.

Those are the FACTS. If you do not believe them, research them yourselves, educate yourself on how this mess really came about, and stop blindly trusting the very people who perpetuated this mess in the first place to tell you the truth.

GEORGE SANTAYANA:
Those who cannot learn from history are doomed to repeat it.

Copyleft, Fannie and Freddie purchased hundreds of billions of dollars in securities that were backed by subprime loans. That started under Clinton with his blessing. Attempts to regulate Fannie and Freddie failed, thanks to folks like Barney Frank, Maxine Waters and Chris Dodd. They are at the heart of this meltdown. Do your research.

This is old news, Trist, not a rumor.

http://www.foxnews.com/story/0,2933,432501,00.html

"...considering he was sleeping with a Freddie Mac executive when..."

Neal,

What's to say they weren't madly in love? That's pretty insensitive of you to automatically assume they were just butt-slamming each other. Is that what you think?! ....Barney wearing a leather zipper mask and getting whipped by a midget in a Gestapo uniform?

Shame on you.

Please don't put the words "Barney Frank" and "bottom" in the same sentence again. Oh, and no, his ex-boyfriend no longer works there.

Trist - it's not some salacious rumor. Just Google it.

"I neaver had sesxaul relationish wit dat man Mr Freddie Mac---Slobbering Barney

It's hard to write like the man(sic) spells

Neal - you can't throw out a rumor like that and not provide some type of proof that Frank was sleeping with an exec.

I think he's a terrible congressman - but that's "Daily KOS" and "Gawker Media" type trash. You're better than that.