Notice how Savage the hater feels everyone should be in jail except him. What a lowlife.

He should make up his mind before he opens his mouth.  There's more than a little difference between being in a gallows and being in jail.  So which is it?  Does he want him DEAD or incarcerated?  I bet he doesn't even know himself.  And no, I don't believe for a minute that HE believes a thing he says.

I admit that Barney Frank is one of the people to blame for this mess.  In 2003 the Bush Administration recommended a regulatory overhaul in the housing finance industry and Barney Frank was opposed to it.  In response to the Bush proposal to help regulate the finance industry, Barney Frank said, "'These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''

HERE IS THE ARTICLE

So put him in the gallows? Is that what you are saying?

No, not in the gallows; that is what SAVAGE is saying.  I am saying that Barney made a political mistake and he is no "brainiac" when it comes to finances.

Please explain how much power and pull the ranking Democrat on the House Financial Services Committee has?  I may be wrong but in 2003 the Democrats were the minority party. Blaming one minority member, of one committee, for precipitating this crisis is ridiculous. 

In 2003 Bush was pushing his ownership society. His intentions were to enable those who could not afford to own their own home to become homeowners.

I'm not absolving Frank, but the Republicans were in control of both houses of congress and the White House.

I hope you didn't get the impression that I was solely blaming Barney Frank.  This catastrophe was caused by A LOT of different reasons.  I'll tell you ONE thing, I would do anything to go back about 10 years ago during the Clinton years when my bank account was worth 4 times as much as now!

FIVE YEARS AGO (2003)  they weren't in the crisis they are now. Maybe there should've been more oversight, but I seem to remember repuglications as short as a couple of months ago assuring us there was nothing to worry about. Paulson was saying that in March. So to say that because Frank voted against more regulation FIVE YEARS AGO, he should take all the blame now is just lame. (hey, it rhymes) Eight years of Neocon financial ideas have a good deal to do with this mess.  

In 2003 the Bush Administration recommended a regulatory overhaul in the housing finance industry and Barney Frank was opposed to it.

Are YOU serious?

In 2003, Republicans controlled not only the White House but Congress as well. If they wanted something done Barney Frank wouldn't have stopped them!

Mortgage fraud

The House Financial Services Committee has pledged to examine the use of appraisals in connection with recent incidents of fraud in the housing and mortgage industry, according to the committee's oversight plan agreed to on February 5, 2003. The plan outlines the upcoming agenda for the House Financial Services Committee in the 108th Congress.

Specifically, per an amendment offered by Rep. Paul Kanjorski, D-Pa., and accepted by Chairman Michael Oxley, R-Ohio. "The Committee will examine the national and regional incidents of fraud in the housing and mortgage industry, its impact on the housing market and the affordability of mortgages, the response of federal and state regulators, private financial institutions, and government sponsored enterprises, and the use of appraisals in this type of fraud."

Despite their promise AND Fannie's accounting scandal, the Republican lead congress did NOTHING!, although Oxley and Sen. Richard Shelby (R-AL), chair of the Senate Banking Committee, pledged to do so after Bush called for reportedly "the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis."

There's a lot of blame to go around, but Barney Frank's statement damn sure isn't the reason!

In 2003, were it not the Republicans (and not Frank) that were in control of everything?

How did Frank's opposition matter, if the Republicans really wanted to pass a law tha Bush wanted? Heck, we spent lot of American lives because Bush wanted.

Again, it's amazing how dissociated liberal thinking can be in terms of what they say versus reality. It seems to me that just two days ago, you had a democratic speaker of the house and other dems screaming how a republican minority blocked the passage of the house reoslution for the bailout. It seems to me that the same 'constipation by minority was at work in 2003, 2005, and whenever the dems were the undercard in the house and/or senate. But.... always blame the other side and wash your hands.. it's the Democratic Party's way...

MissDee you idiot,

The repubs had the whitehouse, so the vote didn't need to be veto proof.

You really are stupid.

Thanks for citing the article, zamfire.  After reading it, it's hard to fix the blame on Barney Frank.  The history of Dubya's appointewa is not a happy one.  Given the existing system and the one W wanted to impose on this and other agencies, and given the support of Fannie and Freddie for those changes, does anyone really believe that George W. Bush and the CEOs of Mac and Mae were asking for changes that would benefit the average American?

I can see the hate now for Savage....so I'll be the 1st to say: "Savage you are Awesome!!!" This guy tells it like it is.....good ole B.Frank, the same man who told Lenders to lend to illegals and people WHO CAN'T AFFORD to pay back loans that if they didn't do it they were bigots and racists and the sue happy Frank would bring lawsuit after lawsuit if they didn't do it..... ....Of course now he HAS to be the guy who has the answers to get us all out of this mess...right? Just listening to B.Frank last night on tv it is no wonder we're in this mess....we elect morons (aka more than half of gov't) and this is where the country will go. Heck, I voted for Bush twice...but these last few months he's doing a poor job in my estimation. We need guys like Savage who love our country so much he'd fight for it and stand up to the nonsense. Okay...hate away

I can't hate anyone with as little brainpower as you've just exhibited. I just feel sorry for you.

CPA is an ankle-biter and...

I hate him, I hate him, I hate him!!!

No, seriously CPA.  Get real.  The problems at Fannie and Freddie are one small part of a much bigger problem.  And the bad loans of Fannie and Freddie are one small part of much bigger picture.

So your outsized rant against Barney Frank is quite a bit of hot air.

"We elect morons..."  - CPA5

"Heck, I voted for Bush twice..." - CPA5

Do ya' notice a pattern emerging here, CPA5?

Surely you're joking, CPA5.  Savage and his ilk--Limbaugh, O'Reilley, Hannity--have never fought for their country.  Neither, come to think of it, has this moron-in-chief for whom you voted twice and whose "poor job" you're only now beginning to acknowledge.  But for some perverse reason you're now cheerleading for this little hatemonger and getting your talking points from him.  Pathetic!

May i suggest the genius Greenspann ???

And Phil, I never met a financial regulation I liked, Gramm.

Sounds like The Savage Weiner is making a death threat here...

Shouldn't his ass be thrown in jail for using the airwaves to make death threats?

Errrmmmm..............

I have only been following US politics for a few years now but when did Barney Frank cross the aisle and become a republican?

I can't really distinguish WHAT Barney Frank is by his actions alone.  I don't think he fits the mold of Democrat or Republican.  He is his own party and it stinks to high heaven.

Yes, but...............

Why exactly is savage blaming HIM for th bailout failure?

Then you haven't been paying attention.

zamfir273114 that is.

I'm so sorry...I should have clarified...I don't think this is just one man's fault. THis is the fault of many, many people, many political parties, lenders, the borrowers, etc. But you all can't tell me that B.Frank and his railings years ago didn't play a part in this. Plus, as I said just by listening to this guy speak....I wonder how stupid are we that this man is an elected official. okay

Right. One guy from the minority party played a huge part. If as you say we're stupid that this guy was elected, what does the fact that half the citizens voted for the chair moistener who sits in the oval office say about us?

What does it mean when 18 % of them still feel they made the right choice?

"I wonderhow stupid are we that this man [Barney Frank] is an elected official." - CPA5

... said the man who admitted to voting for Bush TWICE!

Some examples of democratic actions to deregulate would be nice. I'm sure there's an example or two out there. There has been a few small bipartisin tentative trys to do adult things to the financial markets. Usually quickly buried by lobbist attention.

Trying to make the republicans the voice of reason and proper regulation in this sphere is going to keep tripping over the facts. Which do not support this myth.

S'ok they've sold a few myths previously. It'll be interesting to see what knots of logic emerge to try and support it.

But you all can't tell me that B.Frank and his railings years ago didn't play a part in this.

Between Barney Frank's comments and Nancy Pelosi's speech, it seems that the Republican party is run by a bunch of pathetic whinny wimps with sensitivity issues.

Barney speaks and the Republican party, having an absolute majority in Congress, cannot act on the mortgage issue?  

Did Barney Franks hurt their feelings too?

Memo to The Silly Savage: It's "on" the gallows ("climb a ladder to bed") - it's "in" the stocks. Or goal, for that matter. PS: You're an idiot.

Yes, SDL. I agree that Savage is making a subtle death threat - AS HE OFTEN DOES.  However, in discussing his subtle death threats on MMFA, we think that it will take an outright murder committed by someone who admits to being inspired to do so by Savage.  UNLESS - there is an attorney in the house who can tell us how Savage can be held accountable for the ALMOST INNUMERABLE comments about hurting people, including killing them BEFORE someone is killed.  He is without doubt, inflammatory, in a bad way.  He should at least be hauled into court on defamation charges. 

You've all strengthened the kool-aid in the last week, haven't you?

But we usually don't eat the cup afterwards.

WOW--I love how everyone puts on the lawyer hat in this forum. So I have to break my statements down even further. I voted Bush twice...I am not 100% displeased with his 2 terms...I am not pleased with these last few months...but other than that I'm fine with his presidency. We've seen no further attacks...my financial balance sheet has grown immensely during these two terms...so this whole Boo-Hoo about the economy and the president has ruined everyone's life is flat out ridiculous! You all must love Rachel Maddow and Keith Olberman, because everything you all write out is straight from the Liberal playbook...Dems are great Republicans bad...fyi I'm an independent. In relation to elected officials I do think that some, not all, of our elected officials are bogus...and it's our fault for voting these people in....and I'll throw myself into the mix on that as well. But let's be real...this is not a Republican problem only, this is not a President only problem.... But back on topic B.Frank who WAS and DID have a part in this problem (once again not only him...BUT) should not be the guy now telling everyone he was blameless and he has the right FIX. That is insane