Quote:
Originally Posted by 427 S/O
Barney Frank has consistently favored Fannie Mae and Freddie Mac 'forcing' banks and other lending institutions to underwrite loans for people who couldn’t afford them. There's your 'frank force' steve.........
In 2005, the Republicans passed a bill to increase regulations of Fannie Mae and Freddie Mac which was voted against by the Democratic members. The bill wasn’t put on the floor for a vote because the Republicans knew they couldn’t get 60 votes to pass the bill.
Quote: vrm...Greenspan even said that it was not the selling of the subprimes as that has been happening for 30 years???,,,,,, another made up comment, loans to less than qualified borrowers have been around since man discovered credit!.
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Perry,
I'm not going to defend Frank, as I think that the SNL skit portyaying him was entirely too kind.
http://www.msnbc.msn.com/id/21097872/
I was paraphrasing Greenspan, which is why I did not use quotes.
I read the entire transcript of the interview a few weeks ago. You may want to do the same before you make accusations you can't support.
I really find it interesting that you like to accuse people of making things up when you clearly don't have even a basic grasp of the facts yourself.