Barney Frank says deregulation caused this economic morass. LOL
No Barney, this mess was facilitated by your lack of oversight of Fannie Mae and Freddie Mac.
Your sound bite supports Senator Nobama's felicitous comments, but it is an out right lie. Wall Street is indeed greedy but they were only dealing in the same mortgage securities that you were promoting through the Community Reinvestment Act and your lackadaisical over sight of Fannie and Freddie, probably brought on my your romantic involvement with Fannie Mae executive Herb Moses.
I sincerely hope the people of Massachusetts retire this embarrassment soon!
Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts
Saturday, October 11, 2008
Deregulation? Nobama the fault lies with YOU!
No Senator Obama, it was not deregulation that caused the economic morass we are in, it was ferocious and persistent protection of Fannie Mae and Freddie Mac by you and Representatives Barney Frank, Maxine Waters, Lacy Clay and Senators Barack Obama, Chris Dodd, Chuck Schummer and Chuck Hagel that enabled Acorn and others like them to give billions in "affordable" mortgages under the Community Reinvestment Act to people who could not afford them. Clearly YOUR policies are not good for America. Everyone needs to view this video on Burning Down the House: What Caused our Economic Crisis to understand that Nobama's philosophies are bad for America.
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