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!.
|
Frank should be investigated and put on trial if the evidence is there. He was the Chair of the house finance commitee while having a homosexual relationship with an executive at Fannie it about 2005. There was a conflict of interest at the very least, but I think it could easily be criminal if evidence is found that favors were done by Frank because of his relationship.
Chris Dodd should be investigated as well IMO. BTW, I am a conservative independent. I quite the Republican party a long time ago. I can't stand politicians that look out for their interest while they screw the people. This country needs to be taken back. My.02