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All the kid had to ask is why Frank covered up for Fannie / Fred
...and claimed from 2003 to 2007 there was no foreseeable problems due to over-leverage, and these claims were exaggerated. In 1991, Frank and former Rep. Joe Kennedy, D-Mass., lobbied for Fannie to soften rules on multi-family home mortgages although those dwellings showed a default rate twice that of single-family homes, according to the Nov. 22, 1991, Boston Globe.
...or was romancing a Freddie/Fannie executive Herb Moses while on the house banking committee...maybe a conflict of interest here?
...and follow-up ask why is the congress letting the Fed make policy anyway? Article 1, section 1, first sentence makes this constitution ‘abhoration’ clear.
...or ask him if $40,100 in campaign cash over the past two decades from
the GSEs Freddie and Fannie got them any policy favors, like legally cheating.
A 2004 Wall Street Journal editorial was first to point out claims in an OFHEO report that showed accounting malpractices by the GSE.
“For years, mortgage giant Fannie Mae has produced smoothly
growing earnings. And for years, observers have wondered how Fannie
could manage its inherently risky portfolio without a whiff of
volatility," the Oct. 4, 2004, editorial, “Fannie Mae Enron?” said.
“Now, thanks to Fannie’s regulator, we know the answer. The company
was cooking the books. Big time.”
Hey kid, next time prepare, write the questions down and read them. And know the facts that support them. Good try though, and thanks for taking your 1st amendment to that piece of slime!
WHY recognize the fed when they are telling congress...
what they are going to do anyway. The fed is not federal and shouldn't take part in government decisions and choices made in congress. Why does anyone federal continue to acknowledge the the federal reserve.
Congress is becoming only a face to show the power of the elitist. Men with no back bone should be thrown out of congress. Most wouldn't get their suit dirty except falling to their knees to the elitist agendas. Most of our government has been in office to long and have become conditioned to respond without any thought of the constitution or the best interest of freedom and liberty for the people.
Can anybody tell me what the job of a public servant is?
said this before and I'll say it again
The U.S. and its people are just a shell compared to our first generation.
Here's the facts:
Barney Frank could have stood up to Fannie Mae and Freddie Mac when they came and asked for the stimulus package.
He did not have to get rid of the restrictions on Fannie Mae and Freddie Mac even if Greenspan and Bernanke decided this was a good idea
By getting rid of the restrictions on Freddie Mac and Fannie Mae, it partially resulted in the massive bubble effect and then the bubble burst.
Congress had an oversight responsibility here to curb the influence of Freddie Mac so that later AIG, Merril Lynch and the rest could not get away with those criminal actions!!!
So Frank and Conyers were asleep at the wheel when Freddie Mac went totally out of control. That was their responsibility to try to stop them.
The Federal Reserve also did whatever it wanted and ran away with the inflation, because our Congress, including Chariman Frank did not have proper oversight of the Reserve Banks.
An open full on audit of the Federal Reserve is mandatory now to see exactly how this happened, and fix it and definitely stop it.
Geithner has no business telling the American people how they have to spend their own money when we aren't even being shown where the money is going and what the banks are doing!
Congress must re-assert its mandate of oversight authority to see if the Fed is worth it.
Saving face is certainly not on the Fed's stimulus' payroll...
Perhaps instead of getting into verbal scuffles with college students over who said what and how, he should have outright answered his question form the get-go and given himself some form of dignified air that should come with being chair of the HFSC. Yes, the student WAS out of his league, but Frank certainly should have shown the public tack he, honestly, is obligated to show in the public eye, instead of getting testy because he felt he was trying to be baited and bringing baseless, sensationalist partisan politics into the discussion via labels. Our republic deserves FAR better than petty squabbles between parties (especially from the ones claiming to be America's "New Age" conscience), especially NOW of all times. Bad timing for the loss? I think so. In the words of H. L. Mencken: "Under democracy one party always devotes its chief energies to trying to prove that the other party is unfit to rule - and both commonly succeed, and are right." Bad timing, once again.
The Feds need to be audited and exposed to the same economic cut-backs its constituents live with daily, and to stop looking at just the individual trees in the forest of the very future of our country. Spending money frivolously in an effort to secure more money is a pointless as trying to barbecue an ice cube. *sight* God save our American states. He knows we need it.
"We are now forming a Republican form of government. Real Liberty is not found in the extremes of democracy, but in moderate governments. If we incline too much to democracy, we shall soon shoot into a monarchy, or some other form of dictatorship."
- Ale
AUDIT THE FED!!!!!!!!!!!!!!
http://www.votervoice.net/Core.aspx?AID=972&APP=GAC&SiteID=0...
It will be our shot across their bough!!!
Geithner will NOT be auditing it, CONGRESS will do it!!!!
We have to stop the New World Order, the way to do it is by stopping the Federal Reserve!!!!!!!
Barney summed it up well....
We need to audit the fed.
If you have not already done so you should write your senators and reps....Tell them to Audit or abolish the fed, and start reading the bills.
Also we want them to cite chapter and verse from the constitution where they derive the power to pass each bill. Right?
frank comments
barney frank really bullied that kid, but in the process made himself look defensive, argumentative, and guilty of something.
I pledge, do you?
The Pigs are Walking Upright...
Here is the link that I believe the student was trying to reference in his questioning of B. Frank. The kid was out of his league. You don't get to Frank's level without being able to go toe to toe with anyone, especially a kid from any college. First you Deny and then, if need be you Lie.
http://www.youtube.com/watch?v=_MGT_cSi7Rs
What disturbed me the most was the comment, "Labels are important!"
"Viva Libertad"
"If the message is Liberty, promote it shamelessly!"
---------------------------------------------------
Barney Frank is a fool
He beat that student, but he did make himself look a little more foolish in the process.
That Harvard student should have been better prepared and done more of his homework. Barney Frank screwed up so much it would have been easy.
You idiots
That kid was a plant. How can you all not see this? Is our power over critical thinking wavering? Some people just cannot be reached. Some still retain sheepish tendencies.
I spotted it right away
I made a comment on it below.
For those that don't get it, listen to some Dr. Stuart Crane or buy the critical thinking DVD at this site: http://www.jfkii.com/
What a loser
I can't believe a chairman in Congress is getting into a squabble with a student. Plus, it makes him look like an idiot because he could never answer the question directly.
The Bail Out Was A Dog & Pony Show. Paulson Didn't Need To Ask
Congress to grant Paulson (and now Geitner) the authority to Bail Out his buddies. Treasury already had it. Your Representatives were making it look like they were doing something.
Ask him when the National Emergency (that has been going on since 1933) will be terminated. Don't ya think 75 years is long enough?
Read the IEEPA found in the link below. Ask Barney Frank why we have a need for a House Banking Committee. The IEEPA has been in force for years and gives the Treasury Secretary all the power he needs to create as much cash as he deems necessary, without Congressional approval.
Barney wants you to believe you are free. He knows you are a slave and that is why he talked to the student the way he did. You are a subject, and he wants you to be put in your rightful place.
http://www.treas.gov/offices/enforcement/publications/ieepa.pdf
Hope this helps you formulate substantive questions.
Be well,
Larry
One cannot export Democracy at the barrel of a gun.
“That which can be asserted without evidence, can be dismissed without evidence.”
How does the old saying go ?
If their mouth is moving they're lying. Barney -the purple queer dinosour's mouth never stops moving.
____
"Take hold of the future or the future will take hold of you." -- Patrick Dixon
Barney frank is coming to my college in a few weeks
what would you have me say?
Frank is coming to the University Of Mass Dartmouth in a couple weeks where i got to school to do this exact same thing. My college is in his district and i am priveyed to attend the session because im on student government. Ive been on live television before and can hold my own.
So what would paulites agree to have me ask?
Mr. Frank used character assassination in that video,,,
,,To discredit the student.
Well, two can play that game!
Ask him why he never served in the U.S. military when everyone in his age group was drafted in those days including the "Honorable " Ron Paul.
Here is a link to Mr. Frank's not so notable past:
http://en.wikipedia.org/wiki/Barney_Frank
{ snip } In 1990, The House Ethics Committee recommended Frank be reprimanded because he "reflected discredit upon the House" by using his congressional office to fix 33 of Steve Gobie's parking tickets. Frank confirmed that he paid Gobie for sex, hired him with personal funds as an aide and wrote letters on congressional stationery on his behalf to Virginia probation officials, but Frank said he fired Gobie when he learned that prostitution clients were visiting the apartment. { end snip }
Does he represent the average American????
NO!!!
beesting
Grill him on the constitution.
Pat him on the back for trying to stop the marijuana insanity, but bring up the fact that there's no constitutional authority for the drug war. Then, point out that there's no constitutional authority for bailouts or fiat currency, either.
-jcr
"The problem with trying to child-proof the world, is that it makes people neglect the far more important task of world-proofing the child." -- Hugh Daniel
Ask him why CONgress need to
Ask him why CONgress need to borrow money at interest when it has the power to create it's own money per Constitution. Then ask how Government creates job and who pays for it.
Wow! I can finally post remarks now. I
yippee!
What an arrogant PIG!
Perhaps this student should have reminded Mr Frank just who is the SERVANT in this relationship and who is the MASTER.
__________________________________________
"Not armies, not nations, have advanced the race; but here and there, in the course of ages, an individual has stood up and cast his shadow over the world." http://www.youtube.com/watch?v=Y6pAcBXt2j8
Thomas Jefferson: “Indeed, I tremble for my country when I reflect that God is just, that His justice cannot sleep forever."
Viva La Revolucion!
http://www.youtube.com/watch?v=FmaTNf4YhEs
Notice the bluster and bullying?
Frank is trying to ridicule the questioner instead of answering the question.
-jcr
"The problem with trying to child-proof the world, is that it makes people neglect the far more important task of world-proofing the child." -- Hugh Daniel
We got Barney Frank on board..........n\t
*** Just make SURE the others in Massachusetts are signed onto HR 1207 BEFORE this guy & Frank will support the Federal Reserve audit!!!***
http://www.votervoice.net/Core.aspx?AID=972&APP=GAC&SiteID=0...
blathering barney frank
should take the balls outta his mouth.Hey nice try kid.Barney Frank is a professional bullshitter.
He brings up the straw man partisan argument
Every single damn time he opens his mouth. It's ALWAYS the republicans fault, ALWAYS.
http://federalfallacy.com
http://federalfallacy.com
Could be because there are lots of Straw Stuffed Republicans
around and they make easy smashing targets.
Terrible
The student clearly didn't have a coherent argument laid out. He just jumped up, acted reactionary, and was eaten alive by Frank who himself simply had to use a few cheap political tricks to tear him down.
I think this goes to show that in general people need to be prepared to go out and discuss differing opinions. This kid clearly had no practice in having someone challenge his ideas.
Chris
cascadiagames.com
Chris
cascadiagames.com
We're all learning. College kid
one of the most powerful and slimy men in the world. Next time the student will be better prepared.
If only I could have been that kid.
That fat bloated piece of sh@t wouldn't have stood a chance.
I think Barney is a crook,
I think Barney is a crook, but in this instance, it was him that took on the student. This was not a victory for the student I'm afraid. Wish someone more informed would take him on.