« Senate Kills Bill Extolling "Crucial Services" of Big Abortion | Main | Correct Categorization »

I swear, these people make my eyes melt. It's as if they're INTENTIONALLY destroying the economy.

yes otto, you have uncovered an inconvenient truth;
the democrats want to, and are, intentionally destroying the economy....

Imagine my surprise

Economy!? They've done that, now the country.

I hate to be so corny but thers is something special about FRANK and WEINER trying to do it to the country....

Wow, the moonbattery actually supports regulating something? Is this some kind of trick?

Reps. Frank and Weiner - sounds appropriate since they're trying to get America to bend over.

Think about it... we want the banks to be able (allowed?) to exercise some judgement over whether an application is worthy of funding. These guys want to force (regulate) the banks to RELAX their requirements, requirements based on experience and knowledge.

Isn't this similar to what Bush wanted to do with social security?

^^^

wrong post

No, Brandon... as usual, you haven't got the ability to understand what we're talking about.

We're OPPOSING the democrats meddling in the banking sector, specifically wanting the banks to relax lending standards. If Frank 'n' Weiner tried to do this with a REGULATION, we would be OPPOSED to it.

Ahh you're right Mr. Evil.

The banks followed what Bwawny Fwank said to get us into this mess. It is time to reject the shit the fa*%ot says and inject some reality into the government. I suggest some .308 would do just fine.

We have a small bank in our area. They ignored fannie, freddy and buttboy, and they have no solvency problems, and the people who bought houses could afford them. Their main claim to fame? Ignore the government, pay the stupid government fines for not loaning to people who can't pay.

If the government wasn't involved we would not have the supposed housing crisis.

Damn, beaten to the frank and weiner line TWICE. This work thing is really killing me. Hell with it.

Anything proposed by a Frank and a Weiner has to be 100% PORK.

The Frank and Weiner recommendation to Fannie Mae and Freddie Mac will soon become a mandate. There's nothing to stop them but common sense.
So assuredly, we will begin all over again: back to "risky" loans made to imbeciles insured by us.

Democrats have lots of bad ideas and only one way to implement them...force.

Sounds like Fwank and his Weiner are back to sodomizing Freddy and Fannie execs:

"Frank's former partner, Herb Moses, was an executive at Fannie from 1991 to 1998, where Moses helped develop many of Fannie’s housing and home improvement lending programs. In 1991, Frank pushed for reduced restrictions on two- and three-family home mortgages. During the time that Frank was in a relationship with Moses, he blocked tougher regulations on the banking companies while voting for the Government Sponsored Housing Enterprises Financial Safety and Soundness Act of 1991 and the Housing and Community Development Act of 1992."

http://en.wikipedia.org/wiki/Barney_Frank

One can only hope that if ol' Barney and Tony ever take up bungie jumping that they will insist on the same lax and loose approach to their tethers.


Look out below!!!

And BTW, isn't there a single dimocrat in the HOR (excuse me, House of Representatives) that isn't even slightly concerned that government pressure to issue bank loans for condos (!) would be possibly outside the scope of their Federal legislative duties as per the Constitution?

Probably not.
Petty men once in control, conveniently forget they are still deeply stupid.

Brandon, we want the government out of the mortgage business. Let lenders make any lending decisions they like, but make them responsible for those decisions, and accountable if they screw up. Regulation is not the answer; accountability is.

The problem with government involvement via Freddie and Fannie is that they become too big to be allowed to fail. Knowing this, those running them have no personal incentive to exercise sound judgment.

Consider this: if you go to Best Buy with your credit card in your wallet, you're prudent about purchases, right? If you went there with my credit card, not so much, right?

That's the problem. Fannie and Freddie have the taxpayers' credit card in their wallets, and that's why they're buying rounds of drinks for the house.

Social Security has exactly the same problem. It's the government's program, it's everyone's program, so it's no one's program. Classic tragedy of the commons.

I guess Bawney is slated to be on Bill O tonight, for Round Two. Wonder if he'll storm off?

"if you go to Best Buy with your credit card in your wallet, you're prudent about purchases, right? If you went there with my credit card, not so much"
Jay,


Good analogy. I've also found however, that trying to teach liberals is a bit like talking to the cat.

It is truly amazing to think that principles of free market economics have become progressively more accessible since Milton Freedman and George Gilder in the '70's, as the ignorance and arrogance of liberals have become simultaneously more profound.

(BTW, fact of the matter is, a lot of liberals DO have someone else's credit card in their pockets)

The issue here is whether we are going to put the risk for shaky mortgage investments on the backs of taxpayers (AGAIN!) or make the developers pay for underwriting their shaky deals. I say the developers should be the ones to pay to insure their property if they can't get enough people to buy or lease and thereby be eligible for Fannie Mae insurance on their properties.

The taxpayers are still paying off the risky loans the Wiener brothers foisted off on us in the first place (and will be for generations). It's time to break the cycle of stupidity.

BFrank and TWeiner are just two more tools that are unwittingly helping to form the NWO. And yes, the point is to destroy the american economy while the general public sleeps. Watch and see.

Once again we see moonbat "thought" at work:
PROBLEM: Government medling in private business has caused a national crisis.
ANSWER: More government medling in private business.

"Once again we see moonbat "thought" at work:
PROBLEM: Government medling in private business has caused a national crisis.
ANSWER: More government medling in private business."
Posted by: KHarn at June 24, 2009 5:00 PM

and they raise taxes to pay for the more gov't medling

Bawny Fwank's "loan system" failed before but he insists on doing it again.

Socialism has failed every time it has been tried, but liberals insist on trying it again.

The definition of insanity is doing the same thing the same way over and over and over and over, and expecting different results each time.

See the pattern?

Jimbo- "Socialism has failed every time it has been tried, but liberals insist on trying it again. The definition of insanity is doing the same thing the same way over and over and over and over, and expecting different results each time. See the pattern?"

Respectfully must disagree, Jimbo. You are making the mistake that most rational human beings make, in the assessment of socialism. There is a pattern, but it isn't insanity- because communists aren't expecting different results each time. Socialism has NEVER failed. It has ALWAYS succeeded, to varying degrees, to fulfill it's objectives. It has no true positive goals. It exists to infect, and destroy, nothing more. They collectively know the track record of socialism. The "same result" IS the goal. Communism is a human borne, necrotizing disease, or parasitoid. The "progressive" bunting of socialism is but a lure for the uninfected. The touted goals are merely colourful deceptions, to attract a host. There isn't any difference between communists, socialists and liberals. There is only the communist, the dishonest communist, and those ignorant of their own infection.

Obviously, what we disagree on is the definition of "failure" and "success" as it applies to personal liberty vs. oppression and the resulting apathy which is proven to lead to overall social failure.

In the future I'll attempt to be more clear.

Frank and Weiner. All we need is Senator Tater Salad and Senator Beans to join in the picnic these jokers are having at our expense.

"The Watcher at June 25, 2009 9:09 AM"

OK, I'll alert Senators Green, Eggs and Hamm.

I'm sorry to inform you Watcher and anon that after eating such a hearty meal you will be issued a flatulence observer to make sure you don't contribute to the algorebullwarminginternet syndrome. PPPFFFFTTTT. OOOPPPSSS sorry. :)