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2010-01-06 Home Front: Politix

Barney Frank: Fannie and Freddie now a 'public policy instrument'

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Posted by Steve White 2010-01-06 00:00|| || Front Page|| [5 views ] Top

#1 Now sure how we'll fight the war on terror and fight for freedom when the current bunch is done. I think you meant 'not sure.' I don't see how we'll BE ABLE to fight the war on terror & fight for freedom when the current bunch is done with us. When they're done with us, we may be done for.

Posted by Anguper Hupomosing9418 2010-01-06 00:31|| 2010-01-06 00:31|| Front Page Top

#2 You're right, I meant 'not sure', and have corrected it. Thanks.

Posted by Steve White 2010-01-06 00:43|| 2010-01-06 00:43|| Front Page Top

#3 A conservative revolution would place Freddie Mac and Fannie Mae on the auction block.

Posted by badanov 2010-01-06 01:10|| http://www.freefirezone.org 2010-01-06 01:10|| Front Page Top

#4 Academic economists at annual American Economic Association meeting have a dim view of the government's response to the crisis. Over the past few days, economists here highlighted the many ways in which the lessons of the crisis have yet to sink in. Few think the U.S. and other governments have made needed repairs to the financial regulatory system. The crisis isn't over for banks. The worst-case scenarios in last year's stress tests, which restored the market's confidence in U.S. banks, included only two years' worth of losses. But banks are likely to face losses for many years to come as losses on real estate loans are realized. "If the U.S. government could credibly say [to banks]: We'll never bail you out again, it [the banking system] would collapse," said Kenneth Rogoff, of Harvard University. "The GSE structure [Fannie & Freddie] must be ended because it creates inevitable failure based on the incentives," said Dwight Jaffee, of UC-Berkeley.

Posted by Anguper Hupomosing9418 2010-01-06 03:37|| 2010-01-06 03:37|| Front Page Top

#5 Brooks is right about one key point: it is indeed the 'educated', the elites, that have caused a lot of problems

I'm not so sure about that. They just seem like the suckers who buy tonic for baldness, boobs and well... another word that begins with a b.

Posted by Jumbo Slinerong5015 2010-01-06 05:55|| 2010-01-06 05:55|| Front Page Top

#6 In my humble opinion... the hedge funds, big banks and insurance companies HAVE DONE more DAMAGE to the USA than Al Qada could ever have dreamed of doing. I don't understand why the top perps have not been WATERBOARDED.

Posted by 3dc 2010-01-06 06:29|| 2010-01-06 06:29|| Front Page Top

#7 Of course my preferred result - after using any means to find and recover the stolen/mis-used/mis-handled monies - keelhauling in shark filled seas until done.

Posted by 3dc 2010-01-06 06:32|| 2010-01-06 06:32|| Front Page Top

#8 All together now ah....

Every morning
Every evening
Don't we have fun
Twins and cares dear come in pairs dear
Don't we have fun
We've only started
As mommer and pop
Are we downhearted
I'll say that we're not
Landlords mad and getting madder
Ain't we got fun
Times are so bad and getting badder
Still we have fun
There's nothing surer
The rich get rich and the poor get laid off
In the meantime
In between time
Ain't we got fun.

Posted by Besoeker 2010-01-06 06:40|| 2010-01-06 06:40|| Front Page Top

#9 I don't understand why the top perps have not been WATERBOARDED.

I don't think you can waterboard Congressmen such as Dodd, Barney Franks, Waters, and the others.

Posted by CrazyFool 2010-01-06 08:20|| 2010-01-06 08:20|| Front Page Top

#10 Of course they're instruments of public policy, Barney. YOU made them so years ago. Their buying up of bad mortgages was a direct cause of the housing bubble. Waterboarding, bah. Something more serious is in order.

Posted by Spot 2010-01-06 08:45|| 2010-01-06 08:45|| Front Page Top

#11 No Bwany. It is more like the worst public policy disaster in history that single handedly destroyed our banking industry.

You are a criminal bwany. You should be in pound you in the @$$ prison right now for your criminal activity in DC. SCUMBAG.

Posted by newc 2010-01-06 10:39|| 2010-01-06 10:39|| Front Page Top

#12 Hey, Dr. Steve, we're educated - why can't we get in on the stealing?

Posted by Glenmore 2010-01-06 11:32|| 2010-01-06 11:32|| Front Page Top

#13 You all can talk about Kaliphornia, Nancy Pelosi, Barbara Boxer and Dianne Feinstein all you want. But as long as Massachusetts keeps sending Bawney Fwank to Congress the voters of that state are the worst disgrace to democracy there has ever been. They make me fear for the future of democracy. It's so sad.

Posted by Ebbang Uluque6305 2010-01-06 11:44|| 2010-01-06 11:44|| Front Page Top

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