Barney Frank, TARP, Freddie and Fanny

[freakscene]

Political Interference Seen in Bank Bailout Decisions

Barney Frank Goes to Bat for Lender, and It Gets an Infusion

http://online.wsj.com/article/SB123258284337504295.html

unbelievable he has the nerve to say something like this.

"I did feel that it was important to frankly try and save them since it was federal action that put them into the dumper," Mr. Frank says

how about...........it was specifically your inaction, Mr Frank.

[Stas1976]

"I think this is a case where Freddie Mac and Fannie Mae are fundamentally sound. They're not in danger of going under I think they are in good shape going forward." — Barney Frank (D-Mass.), House Financial Services Committee chairman, July 14, 2008

Two months later, the government forced the mortgage giants into conservatorships and pledged to invest up to $100 billion in each.

[freakscene]

http://www.bloomberg.com/apps/news?p...vP4&refer=home

`There should be a moratorium on bonuses,'' Frank, a Massachusetts Democrat, told reporters yesterday in Washington. ``They have a negative incentive effect because they are the ones that say if you take a risk and it pays off you get a big bonus,'' and if it causes losses ``you don't lose anything.''

i wonder why he was so silent at Franklin Raines bonuses based on cooked books?

Jamie Gorelick ?

Jim Johnson ?

remember, he defended Freddie and Fanny, and still does today

he has zero credibility

[Survivor]

Eat Bush...

We all remember when Republicans were praising outsourcing saying our jobs would "evolve". That's right they evolved all the way to China and India. Thanks a lot Conservatives!!!

Bush Economic Report Praises 'Outsourcing' Jobs

Slightly old news but even more relevant today.

Job loss figures deliver a blow to Bush
http://www.guardian.co.uk/uselection...323503,00.html
October 9, 2004
"George Bush became the first US president since Herbert Hoover in the Depression to preside over a loss of jobs..."

Bush Aides Back Off Jobs Numbers
http://www.cbsnews.com/stories/2004/...in600945.shtml
The nation has lost about 2.2 million jobs since Bush became president.

Bush economic report praises 'outsourcing' jobs
http://www.post-gazette.com/pg/04041/271362.stm
"The embrace of foreign "outsourcing," an accelerating trend that has contributed to U.S. job losses in recent years and become an issue in the 2004 elections, is contained in the president's annual report to Congress on the health of the U.S. economy."

Republicans as usual.

Jobs Act Gives Corporations Who Outsource $149 Billion
Here's the voting record. http://www.watchblog.com/thirdparty/...es/001239.html
"In June 2004, the Republicans in the House of Representatives passed a bill that will give away 149 Billion dollars of your tax money to corporations in the name of "creating jobs"... But nowhere in the bill is the stipulation that in return for these tax breaks will the corporations receiving them must create jobs here in America. Here's the voting record. http://clerk.house.gov/evs/2004/roll259.xml

White House Struggles with Jobs Outsourcing Criticism
http://www.npr.org/templates/story/s...toryId=1675540
The President's top economic adviser, Greg Mankiw, said the outsourcing of jobs overseas was "probably a plus for the economy in the long run." His comments provoked criticism from both Democrats and Republicans, concerned about the number of jobs lost since the President took office."


Bush adviser backs off pro-outsourcing comment
http://www.cnn.com/2004/US/02/12/bush.outsourcing/
Now, to get back to the question about outsourcing, I think outsourcing is a growing phenomenon, but it's something that we should realize is probably a plus for the economy in the long run," Mankiw said.

Bush Econ Advisor: Outsourcing OK
http://www.cbsnews.com/stories/2004/...in600351.shtml
Mankiw wrote that the movement of U.S. jobs overseas due to cheaper labor costs – "outsourcing" he dubbed it in a remarkable display of political tone deafness – would prove "a plus for the economy in the long run," and was simply "a new way of doing international trade."

Students saying no to computer science
Cause: Bush doesn't care about IT Jobs -- Supports Outsourcing
http://talkback.zdnet.com/5208-3513-...98885&start=-1
So much for American jobs "evolving" eh folks?

http://www.foxnews.com/story/0,2933,111287,00.html
WASHINGTON — Under new legislation introduced by a group of Senate Democrats on Thursday, American employers would be required to warn their employees and affected communities before moving any jobs overseas.

The Jobs for America Act (search) was introduced in response to President Bush's annual economic report, in which he highlighted the benefits of sending jobs to other countries.

Bush's Double Whammy on Jobs
First Bush killed jobs with bad economic management. Now he's making matters worse by slashing assistance for unemployed and dislocated workers.
http://www.ppionline.org/ppi_ci.cfm?...ntentID=251915
Consider the facts: Between 1992 and 2000, with the Clinton administration in charge, the nation's economy generated more than 20 million new private sector jobs. Since George W. Bush took office in 2001, the nation has lost 3.1 million private sector jobs. At this rate, Bush will become the first president since Herbert Hoover to produce a net job loss during his first term of office, and the first since Eisenhower to produce a net job loss over any term of office.

No jobs, no home, no money.

[Mastajab]

Survivor, Get off of Pelosi's dick.

[Survivor]

Originally Posted by Mastajab

Survivor, Get off of Pelosi's dick.

I love a fight.
Take my cock and put it in your mouth- Bitch.

It was a story in another forum that some may have found interesting.

I hate the Government and Politicians.

You're barking up the wrong tree, DICK.

[Mastajab]

"It was a story in another forum that some may have found interesting."-survivor

Why would anyone find the garbage u posted interesting?? It's not even about Barney Frank, TARP, Freddy and Fanny. You're in the wrong thread.

Since you only copy and pasted, you prolly didn't even read what you posted. But if you were to read it you would find out it is about Outsourcing.......

Here's an article about Barney Frank, people might find interesting.
http://newsbusters.org/node/8119

"Massachusetts Representative Barney Frank, an acknowledged homosexual, today confirmed that his Washington apartment had been used as a callboy headquarters by a male prostitute for a year and a half until late 1987. Responding to a story in today's Washington Times, Frank said he had hired the prostitute out of his own funds as a personal aide and fired him when he found out what was going on."

See Survivor? Barney Frank is like you.

[Survivor]

Originally Posted by Mastajab

"It was a story in another forum that some may have found interesting."-survivor

Why would anyone find the garbage u posted interesting?? It's not even about Barney Frank, TARP, Freddy and Fanny. You're in the wrong thread.

No jobs, no money, no home. Asswipe

Since you only copy and pasted, you prolly didn't even read what you posted. But if you were to read it you would find out it is about Outsourcing.......

Living in Detroit outsourcing has become job one

Here's an article about Barney Frank, people might find interesting.
http://newsbusters.org/node/8119

"Massachusetts Representative Barney Frank, an acknowledged homosexual, today confirmed that his Washington apartment had been used as a callboy headquarters by a male prostitute for a year and a half until late 1987. Responding to a story in today's Washington Times, Frank said he had hired the prostitute out of his own funds as a personal aide and fired him when he found out what was going on."

See Survivor? Barney Frank is like you.

I seriously doubt it ass wipe.
This forum has seen plenty of shit starters.
Now here you come with your little bag of courage.
You big and bad, but your little and sad.

Do your parents know your a cum loving she male?
Is this Michael Jackson? I bet your Jesse Jackson.
Don King? A Kool-Aid drinking Obama supporter?

What part of I hate "Politicians and Government" did you not
understand?

See Masterbater,
You have diarrhea on the mouth and constipation of the brain.

Hell, you maybe WALL STREETS EDGE or one of his
LOSER buddies. Are you a con man, liar and a thief too?
You just came around recently and now you want to start
shit with the wrong people.

I'll bet you're a Tranny ,If you get the right stock picks,
you can earn extra money and have your operation completed.

Buy J&J, they make bandages, you trannys use alot of them after an operation.
Try some pharma, lots of pain killers.
Psycho therapy, him/her all mixed up.
Your ass hole and mouth are the same.
Your dentist says you have cum cavities.

Now move along Queenie, see if you can start shit with
someone else around here.

[win/win]

Trouble maker

[freakscene]

Originally Posted by Mastajab

Survivor, Get off of Pelosi's dick.

lol !