Barney Frank interested in becoming senator

Aides to the newly retired Rep. Barney Frank say the congressman definitely wants to be appointed by Massachusetts Gov. Deval Patrick as a caretaker senator. The opening would occur when John Kerry moves to the State Department pending his confirmation as the next secretary.

Frank, who is 72, has said he looked forward to life after Congress and "not having to answer the phone." But just one day after his 16 years in Congress ended, Frank has changed his mind citing the Senate's expected focus on fiscal issues, where Frank could use his expertise as the former top Democrat on the House Financial Services Committee. A caretaker appointment would be short-term, just for a few months until the special election is set.

Fmr. Rep. Barney Frank, D-Mass., proves there's no rest for the recently retired. When asked by Joe Scarborough if he would consider being future Sen. Barney Frank, Frank responded by saying he's spoken with the Mass. Governor Deval Patrick about being appointed temporarily.

Frank told "Morning Joe," "A few weeks ago said, I said I wasn't interested. It was kind of like, you're about to graduate and they said, you've got to go to summer school. But that [fiscal cliff] deal now means that February, March, and April are going to be among the most important months in American financial history."

When Sen. Kennedy died in 2009, the governor chose long time Kennedy aide and former Democratic National Committee chair Paul Kirk to serve in the interim before Scott Brown won the seat. Aides say they cannot comment this morning on whether Frank has heard back from Gov. Patrick.

Discuss this post

Jump to discussion page: 1 2 3 ... 12
Comment author avatarFeisty Redhead Roselle, ILExpand Comment Comment collapsed by the community

Might not be a bad idea for Barney to serve as a "seat warmer" while we Americans, are subjected to another round of hostage taking during the debt ceiling disaster...

Just the thought of him setting the RWNJ's follicles on fire is well worth the price of admission! lol

*popcorn*?

  • 95 votes
#1 - Fri Jan 4, 2013 10:11 AM EST

It really would put starch in their shorts.

  • 50 votes
#1.1 - Fri Jan 4, 2013 10:19 AM EST

I caught Barney on Morning Joe and thought to myself---this is the person we need speaking for the administration. He was having no parts of the "the President doesn't want to negotiate" thing the others were trying to push. He pointed out that why negotiate with McConnell when he openly stated his goal was to defeat the President. How'd that work for you, Mitch?

I like the idea of having Kerry's seat filled while the special election is pending.

  • 74 votes
#1.2 - Fri Jan 4, 2013 10:20 AM EST

"seat warmer"

_______________________________________

Good one, Nasty.

HAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!!

  • 46 votes
#1.3 - Fri Jan 4, 2013 10:20 AM EST
Comment author avatarDAWG POUNDExpand Comment Comment collapsed by the community

Fiesty, STOP WITH THE BS! I'm a liberal too, but I'm not so clouded with ideology that I can't see a turd lying on the ground when I see one. You don't have to step in it and stick your nose in it to know it stinks!

Barney Frank orchestrated the entire inflation of the housing market and as well the subsequent collapse of Fannie and Freddie.

He's a BAD democrat. Now he may be the poster boy for gay rights but lets find another gay man or woman to celebrate and nominate as an elected official rather than Frank whose decisions while as a representative is still coasting the government $100s of billions of dollars.

  • 141 votes
#1.4 - Fri Jan 4, 2013 10:29 AM EST

YES!

Barney Frank does NOT avoid the tough questions. Described as 'fun, with no guff'.

"Outlining his rationale for the interim appointment, Frank told the Globe: "Given that there's not going to be any preparation time, I could be right in the middle of resolving some of the most important issues facing the country."

http://www.boston.com/politicalintelligence/2013/01/04/barney-frank-says-would-like-interim-senator-conclude-fiscal-cliff-fights/uag4xpU3rDq2y2wsgOLB4I/story.html

  • 29 votes
#1.5 - Fri Jan 4, 2013 10:30 AM EST
Comment author avatarstopfreeloadersExpand Comment Comment collapsed by the community

Barney is one of those responsible for the housing crash

  • 96 votes
#1.6 - Fri Jan 4, 2013 10:34 AM EST

Frank was one of the idiots responsible for the fiscal crisis to start with, he is the last person that should be appointed with critical financial issues to be resolved. He was one of the driving forces behind the repeal of Glass-Steagall that caused the huge banking mess. He was also one of those who fought against the Republicans when they started raising red flags over Fannie Mae and Freddie Mac and wanted to implement new controls. Frank fought against passing new regulations to keep these mortgage giants under control that might have helped to reduce the impact of the housing crash. Frank may have been the top Democrat on the House Financial Services Committee, but that does not mean that what he did in this position was smart or worthy of praise, in fact the exact opposite is true. Please let this idiot stay retired so that he does not do any more damage to our countries finances than he already has!!!

  • 111 votes
#1.7 - Fri Jan 4, 2013 10:34 AM EST

It really would put starch in their shorts

Actually, should it happen, it would put a stench in the Senate Chamber!

  • 63 votes
#1.8 - Fri Jan 4, 2013 10:35 AM EST

What are RWNJ's follicles?

  • 5 votes
#1.9 - Fri Jan 4, 2013 10:41 AM EST

Barney Frank should be indicted along with Chris Dodd for what they did to the housing market, which still hasn't fully recovered after 5 plus years! They're both criminals in the minds of millions of people!

However the 47% ers probably like him... he brings gifts, just like the kenyan! 11 states now have more citizens that are on the government dole than citizens with jobs! Yeah sure, we need good ole Barney back to push that number even higher!

  • 100 votes
#1.10 - Fri Jan 4, 2013 10:41 AM EST

He's a seat warmer all right.

  • 44 votes
#1.11 - Fri Jan 4, 2013 10:42 AM EST
Comment author avatartuortExpand Comment Comment collapsed by the community

I'm with you on this one feisty. I hate America too. Just think of the damage he could do. Great choice!!!

  • 54 votes
#1.12 - Fri Jan 4, 2013 10:43 AM EST

What exactly did Frank have to do with the real estate crash?

  • 24 votes
#1.13 - Fri Jan 4, 2013 10:45 AM EST

Feisty Redhead Roselle, IL

Might not be a bad idea for Barney to serve as a "seat warmer" while we Americans, are subjected to another round of hostage taking during the debt ceiling disaster...

he should run in the special election as well so Massachusetts doesn't get Scott "Elizabeth Warren doesn't look Native American so she can't be" Brown back.

  • 23 votes
#1.14 - Fri Jan 4, 2013 10:46 AM EST
Comment author avatarnjflaresExpand Comment Comment collapsed by the community

RWNJ = Right wing nut jobs. Barney, on the other hand is a FGLWNJ. Hint: the F stands for Flaming.

  • 22 votes
#1.15 - Fri Jan 4, 2013 10:47 AM EST

I told you it would put starch in the republicans shorts, and they prove me right again. These guys are so easy to predict.

  • 33 votes
#1.16 - Fri Jan 4, 2013 10:47 AM EST

stone6

What exactly did Frank have to do with the real estate crash?

according to the "anti-regulation" Righties, Barney Frank is to blame because he held a loaded gun to bank executives' heads so they were forced to give out bad mortgages...oh wait he didn't.

The always anti-regulation righties blame Frank for deregulation. Go figure.

  • 52 votes
#1.17 - Fri Jan 4, 2013 10:48 AM EST
Comment author avatarArthur66Expand Comment Comment collapsed by the community

32 years in the House is enough damage from the Face of the U.S. Housing Crisis.

We'll pass on that tea bagger.

  • 24 votes
#1.18 - Fri Jan 4, 2013 10:49 AM EST

Sure why not...... Frank CAUSED the entire housing crisis...... why not give a chance to screw us again........

  • 50 votes
#1.19 - Fri Jan 4, 2013 10:51 AM EST

Might not be a bad idea for Barney to serve as a "seat warmer"

lol, feisty redwig can speak with authority on this one, she's warmed many a good truck stop bar seat over the years!

Barney Frank has warmed some seats in his time too but he never did help the country! He was a bad representative and would be a horrible Senator!

  • 59 votes
#1.20 - Fri Jan 4, 2013 10:51 AM EST
Comment author avatarjack-1792739Expand Comment Comment collapsed by the community

Barney should be in jail enjoying life with Bubba. What a complete scum bag.

Not only do we need term llimits now; we need age limits as well. And if a newly elected President does not present a budget during his first term he should not be allowed to run for re-election.

I'll never forget that idiot Strom Thurmond asking Bill Gates questions during the Microsoft hearing. My God. Like Obama, someone wrote things down for him to say, but they were so high level IT issues it was painful looking at Gates facial expressions when he had to address that old goat. Thurmond couldn't turn a computer on much less understand any high tech issues.

  • 60 votes
#1.21 - Fri Jan 4, 2013 10:52 AM EST

I find it curious, that 6 of the 8 years during the Clinton Presidency, Republicans had majorities in the both House and the Senate and yet this Congressman (who by descriptions on this board seems to know nothing and is the idiot of all idiots) somehow orchestrated all this mayhem. Curious.

So, I guess just as a general question, if Frank did all this stuff, what exactly happened to the Republican effort to reverse all of this bad policy this 1 Congressman from MA put into Law?

I mean heck, if he's been in Congress since what 80, we've got Reagan, Bush Sr, Clinton, Bush Jr and Obama. Last I checked there are a couple of President's aligned with the Republican Party...what exactly happened to their efforts specifically to utilize the bully bull pit of the Presidency, let alone the veto pen to undue all this evil Congressman Frank allegedly did?

  • 32 votes
#1.22 - Fri Jan 4, 2013 10:52 AM EST

Mark from Lake Tahoe

Barney Frank should be indicted along with Chris Dodd for what they did to the housing market, which still hasn't fully recovered after 5 plus years!

Mark, show me exactly how Frank & Dodd is guilty of the financial meltdown. Didn't you righties want Mitt Romney who was all for DEREGULATING further because businesses can regulate themselves? Did Dodd & Frank force banks to give out bad mortgages? Did anyone force AIG to play with credit default swaps that gave banks the false sense of security that all those bad mortgages were insured?

  • 49 votes
#1.23 - Fri Jan 4, 2013 10:52 AM EST
Comment author avatarIA.ScooterTrampExpand Comment Comment collapsed by the community

Frank has changed his mind citing the Senate's expected focus on fiscal issues,

Translation...

looks like Barry's getting another blank check and i don't want to loose my place at the hog-trough.

  • 37 votes
#1.24 - Fri Jan 4, 2013 10:53 AM EST

Mark from Lake Tahoe

However the 47% ers probably like him...

tell me, which 47%-ers offends you? retires? soldiers in combat who are sacrificing their lives right now? college students? unemployed? single moms?

Mark, which ones are the moochers?

  • 49 votes
#1.25 - Fri Jan 4, 2013 10:55 AM EST

Mark, show me exactly how Frank & Dodd is guilty of the financial meltdown. Didn't you righties want Mitt Romney who was all for DEREGULATING further because businesses can regulate themselves? Did Dodd & Frank force banks to give out bad mortgages? Did anyone force AIG to play with credit default swaps that gave banks the false sense of security that all those bad mortgages were insured?

You obviously don't understand how regulatory oversight committees in Washington DC work. Dodd and Frank as well as a host of others had the power to REGULATE Wallstreet!!!!

Learn what their JOB was before you try and comment on what their JOB wasn't!!!!

YOU CAN'T UNDERSTAND ONE WITHOUT THE OTHER!!!!

  • 37 votes
#1.26 - Fri Jan 4, 2013 10:58 AM EST

All I see here from the right is gay hate. The truth is, Frank served his state well as a representative and would make a great senator. I would hope the people in Mass. would rather have him the Scott Brown. Here is a guy who voted and was against Obama cares, and then put his daughter on it using one of its provisions.

It is an old an unreliable piece of rhetoric that Frank and Dodd was the cause of the housing slump, when in truth it was republican policy and unrestrained bankers. When people took out their mortgage they had jobs and were able to pay their monthly bills. But with the Bush recession and the loss of jobs came the loss of homes. See rights when you point a finger in a direction you have three fingers pointed back at you.

  • 34 votes
#1.27 - Fri Jan 4, 2013 11:01 AM EST

I see the sheeples have a new Fox talking point to bounce around the echo chamber this morning, regarding Barney Frank. Too bad that talking point, Fox News, and those repeating it have zero credibility.

  • 29 votes
#1.29 - Fri Jan 4, 2013 11:04 AM EST

Dawg Pound, many have tried to explain this to bayllie in the past (this is really old news), but she just doesn't get it. I just tell her to contact any current morgage lender in her area and ask them. Most of the ones Barney and Chris helped are no longer in that profession..

  • 20 votes
#1.30 - Fri Jan 4, 2013 11:06 AM EST
Comment author avatarFeisty Redhead Roselle, ILExpand Comment Comment collapsed by the community

Nothing like a Barney Frank thread to drag the homophobes & bigots out from their cesspools... lol

If nothing else, ya'll are predictable!

Like I said; *popcorn*?

  • 42 votes
#1.31 - Fri Jan 4, 2013 11:10 AM EST
Comment author avatarWyo2Expand Comment Comment collapsed by the community

Very nice Fiesty - your the one with the absolute 0% of vocabulary. Barney Frank was a disgrace for what he left in ruins that was the housing market. He is another politician with no accounting skills and just got rich from lobbyists.

  • 39 votes
#1.32 - Fri Jan 4, 2013 11:14 AM EST

But with the Bush recession and the loss of jobs came the loss of homes.

You think that may have come from the fact that they "qualified" for more house than they needed? You don't go in debt to that magnitude without a back up plan and the ability to make good on your promise when a rainy day comes.

See lefty, fairness isn't always fair. They bit off more than they could reasonably chew. But that's okay because in your world they deserve the same things as the Jones' whether they do or not.

  • 25 votes
#1.33 - Fri Jan 4, 2013 11:16 AM EST

It's offical. Red hair dye causes brain damage.

  • 28 votes
#1.34 - Fri Jan 4, 2013 11:16 AM EST

I believe Frank voted against the repeal of Glass-Steagel, although Chris Dodd voted for it, in the Senate. Frank did defend the GSEs against Bush Administration attempts to "reorganize" them, but that was because he feared the Administration would misuse them even more than the executives who had carried out the accounting scandals used to falsely boost profits and justify their bonuses.

He also supported the Community Reinvestment Act, originated to prevent Fed regulated banks from practicing "red-lining" - a practice by which banks automatically avoided making loans in certain neighborhoods (primarily African-American neighborhoods), instead of evaluating the individual applicants. And, he supported Clinton's strengthening the CRA in the late nineties, imposing a bank "rating system" on their CRA performance, which allowed the Fed to block bank expansions and mergers, IF they failed to achieve a sufficient score.

But, despite numerous studies, no one has been able to show a casual link between the CRA and the melt-down. The first loans to fail were generally the last ones made, and reflected the lower mortgage standards allowed by front-line mortgage lenders, such as Ameriquest, New Century Mortgage, Country-wide, et al, who were NOT subject to CRA regulation and lowerted standards to meet the Wall Street demand for subprime loans to securitize.

Eventually, under pressure from the Bush Administration (e.g. the Department of Housing and Urban Development) and investor pressure for GSE investment returns compArable to the Wall Street Investment Banks, they became, late, a major playher in the subprime market, in 2005 to 2007, as the private banks slowly became aware of what was happening and began "dumping" their subprimes on the GSEs.

Both Russia and China were major holders of GSE securities, largely due to the "security" of the quasi-government responsibility for them. Both the Chinese and FRussians suggested to the Bush Administration that if we wished to protect our separate U.S. government bond market, we stand behind the GSEs and not allow them to fail.

  • 27 votes
#1.36 - Fri Jan 4, 2013 11:17 AM EST

Nasty Redhead got that one right. Barney Frank is a seat wormer.

  • 18 votes
#1.37 - Fri Jan 4, 2013 11:17 AM EST

Dawg Pound:

You obviously don't understand how regulatory oversight committees in Washington DC work. Dodd and Frank as well as a host of others had the power to REGULATE Wallstreet!!!!

Your own understanding is what is subpar, Dawg. Congress doesn't regulate Wall Street. The Security and Exchange Commission does, and the SEC under Bush let Wall Street get away with the malfeasance that brought down the US economy on his watch.

  • 31 votes
#1.38 - Fri Jan 4, 2013 11:17 AM EST
Comment author avatargtouchExpand Comment Comment collapsed by the community

I can see the reasoning from the Governor of Mass to send Barney back to Washington...............it keeps him out of his state for a little while. It also raises the IQ of the state while Barney's out and it lowers the IQ in DC at the same time making Mass look even better in comparison. Well played Governor if you choose to do this.

  • 18 votes
#1.39 - Fri Jan 4, 2013 11:18 AM EST

I wonder now if the rethugs will suddenly find a whole lot to dislike about Kerry at his confirmation hearings? I mean, they were pushing him for SOS so they could get Brown re-elected; now, MA will have someone else to choose from.

Watch for a sudden burst of negativity against Sen. Kerry because the Grover plan backfired! Be careful what you wish for TEAPUGS........

  • 23 votes
#1.40 - Fri Jan 4, 2013 11:20 AM EST

I don't know, I'm sure it's just me, but I really do need someone to explain/show me this kind of common talking point surrounding Frank.

I'm open to someone showing me how I am framing the question wrong, but how exactly did the Federal and/or State Government 'force', 'lawfully steered', 'legislatively made' whatever the phrase you want to use, the Banking industry to provide mortgage loans to people who were unable to document their income or for that matter people who were able to document their income, but 'made' the Bank go further by providing them a loan for say $500K when their documented income was only say $60k? Then if you could link all this manipulation directly to Frank and then finally, if you could link how exactly these evil/unlawful acts have eluded being corrected by the House, Senate and Presidency, all 3 of which have been in and out of Republican control in all 3 areas at various times over the last 32 years?

For the record, I'm making no claim that the Congressman does or does not have part in anything, but what I am claiming is a tiredness of the '1 person, 1 event' kind of association and rhetoric that runs rampant (ie President Bush and Iraq, etc) Democrats voted for war...their hands are not clean of this.

And in the same argument, hearing people say 'Frank and the housing crisis'. I am asking 2 things. First, linking Frank to the crisis. Second, proving to me how the last 20-25 years of Republicans in the House, Senate and Presidency all seem to have their hands cleans in the areas of the allegations being laid at the feet of the Congressman.

  • 25 votes
#1.41 - Fri Jan 4, 2013 11:22 AM EST

What a joke. My grandchildren could do a better job than Barney Frank. He isn't any better than some of the other thieves sitting in jail. Lets get some new young blood and someone with new ideas to bring this country out of the mess it is in. Barney needs to go set on a beach somewhere with the President.

    #1.42 - Fri Jan 4, 2013 11:22 AM EST

    Way out of bounds again, Feisty!

    I said, "Let's find someone else to celebrate!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"

    NOTHIN IS HOMOPHOBIC ABOUT THAT!

    Look beyond the fact that he is gay!!! For years it has been asked by gay people to not JUDGE THEM ON WHAT THEY DO IN THEIR BEDROOM! Rather, they want to be judged as people, as professionals, as members of families and as human beings! Frank, while he may be gay, is a liar and failed to do his J-O-B as an elected representative who was given special powers of oversight and committee leadership while he served in DC!

    NOT A DAMN THING ABOUT HOMOPHOBIA IN THAT!!!!

    ONCE AGAIN, FIESTY, YOU BRING EMBARASSEMENT ON YOURSELF AND THE CAUSE OF SOCIAL LIBERALS LIKE MYSELF!

    The ONLY people that care that he is gay is people like YOU! Your logic contends that because he is gay then therefore he is qualified to be a Senator!!! Faulty logic if you ask me!

    As far as I am concerned, all of Washington can be LGBT if...IF, they do the J-O-B they were sent there to to do!

    THAT IS WHAT THE LESBIAN, GAY, BISEXUAL and TRANSEXUAL MOVEMENT IN THIS COUNTRY HAS BEEN ALL ABOUT!!!!

    Let's celebrate but expect them, in Franks case, to do their J-O-B!

    • 33 votes
    #1.43 - Fri Jan 4, 2013 11:23 AM EST

    Whenever Feisty Redwig, Carrot Top, or whatever name the old gals using these days.. her codeword for taking a shot of Southern Comfort is "popcorn". I see she's started early today! Warning to folks on the roak in Roselle, Illinois be on the lookout for a short pudgy old lady with a cigarette hanging out of her mouth, and get out of her way!

    • 22 votes
    #1.44 - Fri Jan 4, 2013 11:23 AM EST

    There certainly seems to be some interesting revisionist history going on here regarding Barney Frank. I guess we can forget about him encouraging the Federal Reserve to artificially lower interest rates in an effort to encourage banks to make more loans. Then when that didn't work, we can forget about him coercing Fannie Mae to make subprime loans to people who couldn't afford to pay them back. Only under revisionist history can we consider forcing someone to do something "deregulation". As much as you try to rewrite Barney Frank's history, it is rather hard to deny this video of Frank essentially saying "What housing bubble?" as he continued to encourage the very legislation and behaviors that led to it:

    • 9 votes
    #1.45 - Fri Jan 4, 2013 11:25 AM EST

    DAWG POUND

    Learn what their JOB was before you try and comment on what their JOB wasn't!!!!

    and you need to learn how to read and understand what you read.

    the righties on this site have been repeating the same thing over and over: Dodd & Frank are to blame for the financial meltdown because they DEREGULATED. My point is that the Republicans who are always about deregulation cannot have it both ways. My other point was that the deregulation does not equal forcing someone to do something they know might be risky. For example, we all know that drunk driving kills. Deregulating drunk driving laws does not automatically mean that you are forced to drive drunk. It means that you can do it legally but you still have to make the decision to do it.

    • 16 votes
    #1.46 - Fri Jan 4, 2013 11:31 AM EST

    Stone6,

    Boy you have to learn what they do in Washington. Here is what Barney Frank had to say about the repeal of GS:

    Rep. Barney Frank strongly supported legislation to repeal the 1933 Glass-Steagall law, contrary to the false impression he gave in his June 13 debate with Rachel Brown, when he claimed that "I voted against the repeal of Glass-Steagall."

    Frank explicitly supported the provisions of the 1999 bill which repealed Glass-Steagall, praising the portions of the Gramm-Leach-Bliley Act which allowed the merger of investment and commercial banking. Speaking on the floor of the House on July 1, 1999, during the debate on H.R. 10 (then known in the House as the "Leach bill"), Frank explained that he was only voting against the bill because of its failure to strengthen the Community Reinvestment Act, the anti-redlining law which required banks to invest in low-income communities.

    But "on the subjects that it deals with it does a good job," Frank said. "It is a good piece of legislation for setting forth the conditions for the financial services industry, central to capitalism," Frank stated. "It is a good situation in which the intermediation function of the financial services industry can go forward" — using the codewords for the tools of the speculators such as hedge funds and derivatives.

    "We go forward and we provide the conditions and improve the conditions for wealth to be generated, and I am for that," Frank continued, adding that "I would vote for this bill if we were talking simply about these conditions and no other were relevant," but explaining that he cannot vote for this bill "while at the same time we refuse to address the serious problem of poverty in the inner cities." (emphasis added)

    Referring to the "tragedy of this bill," Frank declared: "It is a good bill in what it does, but it is a bad bill in what it does not do." He congratulated those who had worked up "the banking provisions that deal specifically with financial services."

    The final proof—were more needed—is that despite the fact that Barney voted against the overall bill, he was appointed to the House-Senate conference committee to work out the differences between the House and Senate versions. Frank was appointed specifically for consideration of Titles I of both the House and Senate bills—the sections repealing Glass-Steagall—hardly a position he would had been given had he opposed repeal!

    When the House voted on Nov. 4, 1999 on the final bill (S. 900) as embodied in the Conference Report, Barney repeated his support for the provisions repealing Glass-Steagall. Calling it "half a bill" for what it did not do, Barney lavishly praised what the bill DID do. "It does a very good job of creating the conditions in which the capitalist institutions can flourish, and that is a good thing," Frank gushed. "We want capital to move freely. We give the financial institutions everything they have asked for." (emphasis added)

    In continuation, for years and years he was on every major network including FAUX NEWS supporting the provisions of Graham, Leach Bliley ACT. He supported the NINJA loans Wall street was giving out as predatory loans. He said, "Everyone has the right to own a home and it is his duty to see they it occurs."

    Everyone may have the right but that doesn't mean they should own a home!

    After all, everyone has they right to attend Harvard but they don't necessarily have the ability to attain a degree from there.

    His entire premise was built on faulty ideology!

    • 17 votes
    #1.47 - Fri Jan 4, 2013 11:34 AM EST

    For those blaming Frank and Dodd for the housing crash:

    Explain how a Representative in the minority party and a Senator in the minority party are responsible for the housing crash.

    Republicans controlled all three branches of government - Presidency, both houses of Congress, and the Supreme Court as the housing market crashed.

    Don't run away. Do it. Explain.

    • 31 votes
    #1.48 - Fri Jan 4, 2013 11:34 AM EST

    Barney Frank is a true patriot.

    • 18 votes
    #1.49 - Fri Jan 4, 2013 11:34 AM EST

    Pride and Joy

    Dawg Pound, many have tried to explain this to bayllie in the past (this is really old news), but she just doesn't get it.

    tell me exactly what it is that I don't get because your post is at a 1st grader level: it's like a kid saying nah nah nah nah.

    I just tell her to contact any current morgage lender in her area and ask them.

    yes, because some mortgage customer rep is going to explain the credit default swaps to me, right?

    Most of the ones Barney and Chris helped are no longer in that profession.

    again, with your superior knowledge on the subject, please tell us all how Barney and Chris contributed to the Housing Bubble, Financial Meltdown, and the Credit Crisis.

    I will wait for the entertainment.

    • 19 votes
    #1.50 - Fri Jan 4, 2013 11:38 AM EST

    I don't think he can become senataor, based on his criminal past, as he was fired by the sperm bank for drinking on the job.

    • 4 votes
    #1.51 - Fri Jan 4, 2013 11:40 AM EST
    Comment author avatarFeisty Redhead Roselle, ILExpand Comment Comment collapsed by the community

    NOTHIN IS HOMOPHOBIC ABOUT THAT!

    Dawg,

    ASSUME much?

    Who said I was talking to YOU?

    I don't waste my precious time conversing with faux liberals like you!

    Don't flatter yourself, you're not worthy of my time or attention...

    Somedays I feel like toying with nuts like you, sadly, today is not one of those days!

    You're dismissed!

    • 18 votes
    #1.52 - Fri Jan 4, 2013 11:40 AM EST

    Your own understanding is what is subpar, Dawg. Congress doesn't regulate Wall Street. The Security and Exchange Commission does, and the SEC under Bush let Wall Street get away with the malfeasance that brought down the US economy on his watch.

    What is a commission????

    It is the authority given by Congress to enforce!

    The SEC is the governments financial police force and judicial body. Frank and Dodd at any point could have investigated Wall Street and uncovered what was going on.

    If that had been done in 2000 - 2004, it has been determined by the SEC that MUCH of the devistation MIGHT have been overted.

    Frank was the Ranking Member, House Committee on Financial Services. He had the ability to ORDER the SEC and CFTC to investigate!!!

    Does that answer your question?

    • 15 votes
    #1.53 - Fri Jan 4, 2013 11:40 AM EST

    If you look at the record, you will find that in terms of loans made, the subprime mortgage boom took place between 2003 and 2006. In mid-2006, real estate prices began falling, and the front-line mortgage lenders began cutting back, many going completely out of business in early 2007.

    Democrats did not regain a House majority (which had been lost in 1994) until the 2006 elections. Consequently, they did not take Committee Chairmanships until January 2007, AFTER the great majority of subprime lending had already taken place, in terms of the initial mortrgage being made, and excluding the subsequent resale of the same mortgage.

    Point is that there was very little that could have been done BY ANYONE from 2006 on, to have reversed course and allowed the "bubble" to slowly and responsibily "deflate," wiuthout panic setting in, leading to the crash.

    One reason, which allowed the bubble to grow beyond the point of no return was the insistence by BOTH the Federal Reserve and the Bush Administration - including testimony in front of Congressional Committees - that "everything was fundamentally OK." "This was only a small correction." In other words, denial...at least until they left office.

    • 14 votes
    #1.54 - Fri Jan 4, 2013 11:40 AM EST

    Anthony California

    There certainly seems to be some interesting revisionist history going on here regarding Barney Frank.

    And you're revising history. Or more accurately, you're parroting the talking points that the far right came up with to escape the blame they deserve for the collapse of the US economy. Barney Frank didn't force loan companies to make loans to people who couldn't afford them. They did it out of greed, knowing that they could bundle up all the bad loans and foist them on suckers as "securities." Allen, Omaha gives a good account of what happened that actually has a basis in reality.

    • 19 votes
    #1.55 - Fri Jan 4, 2013 11:41 AM EST
    Comment author avatarDAWG POUNDExpand Comment Comment collapsed by the community

    Dawg,

    ASSUME much?

    Who said I was talking to YOU?

    I don't waste my precious time conversing with faux liberals like you!

    Don't flatter yourself, you're not worthy of my time or attention...

    PS: You're dismissed! ☺

    LOL! FAUX liberal??? Oooooooooh, that's uber bad! Hell, you don't know what a REAL liberal is... People like you (America Haters) hijacked what it meant to be liberal long ago!

    Being liberal is everyone having equal rights and equally held accountable. For a long time in this country that wasn't the case. Now, people like you are bent on some kind of revenge who furthermore bend and construe facts to fit some grandiose ideology.

    You and your kind are the ones about to be DISMISSED!!!! Enjoy your pinnacle of success as the raking Troll of Newsvine because it AIN'T FO LONG, HONEY!!!! LMAO!!!

    "Dismissed" (laughing with tears in my eyes) like your some kind of teacher and we are just your little students!!!! (Jees, I can barely finish this from laughing SO HARD!!!)

    • 18 votes
    #1.56 - Fri Jan 4, 2013 11:49 AM EST
    Comment author avatarJanine-1645002Expand Comment Comment collapsed by the community

    Back in 06 when Bush wanted Freddie Mac and Fannie Mae audited by outside people Barney assured him that they were both sound and would never need a bailout.

    If Barney had kept his Frank out of Freddies Fannie we wouldn't have had the mess we did.

    I live in MA, and NO WAY do I want Barney as senator.

    • 17 votes
    #1.57 - Fri Jan 4, 2013 11:51 AM EST

    DAWG POUND

    He supported the NINJA loans Wall street was giving out as predatory loans. He said, "Everyone has the right to own a home and it is his duty to see they it occurs."

    so this is your proof that Barney Frank forced banks to give out risky mortgages and caused the financial meltdown?

    wow, it is that easy to almost take the USA and banks down?

    • 13 votes
    #1.58 - Fri Jan 4, 2013 11:52 AM EST

    "You think that may have come from the fact that they "qualified" for more house than they needed? You don't go in debt to that magnitude without a back up plan and the ability to make good on your promise when a rainy day comes.

    See lefty, fairness isn't always fair. They bit off more than they could reasonably chew. But that's okay because in your world they deserve the same things as the Jones' whether they do or not."

    You see righty, Fox fact doesn't mean poop, your changing history for your own use. The fact is these people paid their bills until they lost their job, then they lost their houses and people like you stink up these pages with your stinking lies.

    • 12 votes
    #1.59 - Fri Jan 4, 2013 11:52 AM EST

    .....But that [fiscal cliff] deal now means that February, March, and April are going to be among the most important months in American financial history."

    Yes Barney. You'll want to be able to participate in the irresponsible act of increasing our credit card limit to China until the country is completely broke.

    Feisty, perhaps you can tell us exactly how borrowing even more money from China to meet ever-increasing federal spending is a good thing? I have to think it's intentional on the part of our politicians. They must be trying to devalue the dollar. How much entitlement spending do you think there will be when we are no longer able to borrow? Do you have children? What kind of lives are we going to leave them?

    • 11 votes
    #1.60 - Fri Jan 4, 2013 11:53 AM EST

    Barney Frank had a homosexual lover who worked for Fannie Mae. His name was Herb Moses, and he was a senior executive at Fannie Mae from 1991 until 1998 while at the same time Barney was on the House Banking Committee, which had jurisdiction over Fannie Mae. And we all know how well Fannie and Freddie did their job.

    Barney Frank IS a major player in the housing mess. And now some of you libs think he would be a good fit in the Senate????

    Pathetic Americans who care nothing about this country. And you clowns that say nobody forced banks to make loans seem to forget about ACCORN renting buses and taking loudmouthed protestors on tours to the homes of bankers and demonizing them for not making loans.

    • 13 votes
    #1.61 - Fri Jan 4, 2013 11:54 AM EST

    It's not clear whether Barney just wants to hold the seat or run for it. I hope it's both. Between him and Elizabeth Warren, the Republicans in the Senate will be dancing like their feet are on fire. It's the best news I've heard this morning.

    David, True, Bayllie, Houston, et. al.--good comments, all.

    • 11 votes
    #1.62 - Fri Jan 4, 2013 11:54 AM EST

    @David Walker

    When did the crash happen and what party was in power in congress at the time?

    Reading the posts above it seems that many do not understand why the financial crisis happened. It was not caused by run away banks but by a systemic risk where they were insuring their losses with the same company AIG. If they had been insured by a number of insurance companies who could have absorbed the losses then the fact was that the banks were prudent in taking out insurance to protect them from potential losses. There is no doubt the amount of leverage taken by the housing industry was enabled by Fannie, Freddie and the front line mortgage industry who dropped their lending standards dramatically with political encouragement. The fact that a GSE was allowed to contribute to political campaigns, and Chris Dodds close ties to Countrywide were also areas open to abuse.

    Further AIG was not regulated by the SEC but by the OTM.

    http://www.npr.org/templates/story/story.php?storyId=104979546

    I personally don't give a crap if Barney Frank is appointed or not but he does strike me a a particularly arrogant person who believes that he is the smartest person in the room.

    • 10 votes
    #1.63 - Fri Jan 4, 2013 11:54 AM EST

    If, back in 1999, Barney was "fooled" by the repeal of Glass-Steagel (even though he voted against it), so were a lot of the Republican MAJORITY.

    The arguments made by the banking industry were two fold: 1) we need to become larger, in ordere to amass capital sufficient to play ion the global economy and to be competitive with global banks. 2) we need to provide one-stop shopping for the American consumer, who may, at their local bank branch, use traditional banking services, while purchasing insurance, and making securities investments simulatneously.

    The arguments, in themselves, are NOT faulty...IF there is adequate regulation and oversight. While the repeal of Glass-Steagel MAY have concentrated too much power in "too big to fail" financial institutions, that "power" MAY HAVE been harnessed, with the appropriate corresponding changes in government regulation. A major factor in the melt-down was not the repeal of Glass-Steagel itself, b ut in the failure to adjust the regulatory ewnvironment, established in the nineteen thirties, to the new laws.

    • 10 votes
    #1.64 - Fri Jan 4, 2013 11:55 AM EST

    Dawg:

    Frank was the Ranking Member, House Committee on Financial Services. He had the ability to ORDER the SEC and CFTC to investigate!!!

    The ranking member of a House committee has no authority to order anyone to do anything. During the Bush administration when the Republicans controlled both houses, some Democrats held informal hearings in the basement of the Capitol about issue like Bush's misconduct of the Iraq war, and the Republicans mocked them for it.

    Does that answer your question?

    I didn't ask you a question.

    • 10 votes
    #1.65 - Fri Jan 4, 2013 11:56 AM EST

    Oh, thought he was getting a job as a Organ Grinder?

    • 9 votes
    #1.66 - Fri Jan 4, 2013 11:57 AM EST

    Alan NJ:

    I personally don't give a crap if Barney Frank is appointed or not but he does strike me a a particularly arrogant person who believes that he is the smartest person in the room.

    If the only other people in the room are Tea Party nut cases, he IS the smartest one in the room. By far.

    • 11 votes
    #1.67 - Fri Jan 4, 2013 11:58 AM EST

    JH,

    Barney Frank had a homosexual lover

    It's interesting you felt you had to point out that his lover was a homosexual. Says a great deal about you. . . .

    • 9 votes
    #1.68 - Fri Jan 4, 2013 11:58 AM EST

    Truth hurt Jack???? Says even more about you.

    When two men are lovers they are homosexual. I accept that, why can't you?

    Although the last thing I would want to see when I wake up is Barney Frank beside me.

    • 8 votes
    #1.69 - Fri Jan 4, 2013 12:03 PM EST

    Janine-1645002

    If Barney had kept his Frank out of Freddies Fannie we wouldn't have had the mess we did.

    wow, another misinformed person..they just keep coming out of the woodwork like cockroaches...

    Janine, between 2004 and 2006, when subprime lending was exploding, private investment banks (not Fannie and Freddie as you claim) dominated the mortgage loans that were packaged and sold into the secondary mortgage market. In 2005 and 2006, the private sector securitized almost two thirds of all U.S. mortgages.

    On top of that, Bush' deregulation of derivatives pretty much was the nail in the coffin. Gramm pushed successfully to deregulate derivatives which allowed AIG to sell Credit Default Swaps (CDS) without disclosing its positions or setting aside capital to cover potential losses. Bush allowed that so point fingers at the right people.

    so please, stop with your misinformation.

    I live in MA, and NO WAY do I want Barney as senator.

    I also live in MA, and thankfully, you alone don't get to decide who is elected. It's determined by the majority. And since Patrick was elected by the majority, you have no choice if Frank gets this position, do you?

    • 12 votes
    #1.70 - Fri Jan 4, 2013 12:06 PM EST

    Absolutely amazing.....Liberals defend anyone with a D in front of their name. Kerry is allowed to cheat on his taxes. Rangle is allowed to cheat on his taxes. Obama extends Bush tax cuts. Obama signs pork-u-lous tax bill. Obama responsible for cars, food, and healthcare costs going up.....AND NOW!!!!

    They support Barney Frank....Author of the housing meltdown that destroyed the middle class.

    I finally understand why liberals want govt to run their lives....cause they so stupid to do it for themselves.

    • 11 votes
    #1.71 - Fri Jan 4, 2013 12:07 PM EST

    JH,

    Truth hurt Jack???? Says even more about you. When two men are lovers they are homosexual. I accept that, why can't you?

    Wow! You really don't get it, do you? That's simply astonishing.

    • 8 votes
    #1.72 - Fri Jan 4, 2013 12:09 PM EST

    http://www.alternet.org/election-2012/dianne-feinstein-suggests-less-testosterone-will-help-senate-deadlock-record-number

    In this Politically Correct world can I just ask what the reaction would be if a man said "It would help if we had less Estrogen in the Senate?"

    BTW Feinstein and Murkowski both said it so it is not a partisan question.

    If the only other people in the room are Tea Party nut cases, he IS the smartest one in the room. By far.

    Yeah because the talent of the left is overwhelming...I'm thinking of you Nancy Pelosi and Alan Grayson

    • 7 votes
    #1.73 - Fri Jan 4, 2013 12:10 PM EST

    Jack in Portsmouth:

    David, True, Bayllie, Houston, et. al.--good comments, all.

    I think Alan Ohama and Stone6 deserve the cudos, here, for making the most knowledgeable explanations of what led to the 2007 collapse of the housing market. The reasons for the long process that culminated in the September 2008 crash are complex, but Barney Frank is just being used as a scapegoat by those who bear the major portion of blame for it.

    • 7 votes
    #1.74 - Fri Jan 4, 2013 12:13 PM EST

    Enjoy retirement Quean Frank. You have done enough damage to this country.

    • 7 votes
    #1.75 - Fri Jan 4, 2013 12:13 PM EST

    The Governor couldn't possibly pick a better man to fill John Kerry's seat than "Barney Frank". Good tough democrat in the best tradition. "Dawg Pound" and the others who claim Barney caused the real estate crisis are as full of sh^t as constipated Elephants. There are fools, and there are gwaddamned fools. We must grin at the former and laugh our asses off at the latter. Barney Frank should be the new Massachusetts Senator.

    • 7 votes
    #1.76 - Fri Jan 4, 2013 12:15 PM EST

    Right-wingers:

    If you're going to pretend you understand the housing crash, at least learn how to spell Glass-Steagall correctly. Maybe it's just me, but it makes me wonder whether you've actually done your homework on the subject.

    Lefties:

    I urge you to go to a search block, type: "repeal of Glass-Steagall - role in housing crisis". You will find that it is generally accepted that the repeal had virtually nothing to do with the crash.

    Similarly, the CRA - a favored boogie man of the right-wing - applied to only approximately 23% of loan originators, when it was enacted. Further, there was absolutely no order forcing affected banks to make loans. CRA was enacted for the sole purpose of eliminating red-lining.

    If you really want to do a bit more homework and absolutely destroy any credibility of the right-wing, go check the role of the SEC. Republicans had virtually gutted the staff. There was almost no one who could investigate the financial services sector's destruction and looting of the economy.

    Lastly, it is true that until 2003, Barney Frank favored the idiotic machinations of Fannie and Freddie. However, in 2004, he changed his tune in a big way. At that time, it was becoming clear that Fannie and Freddie were buying worthless loans and were, in a de facto fashion, encouraging the creation of very bad loans. Frank brought this to the attention of the committee on which he served as a MINORITY member, and was ignored.

    I have never seen a right-winger acknowledge these facts. They will continue to repeat their lies. Ignore them as you would any other liar.

    Finally, as is so common with the right-wingers, note their preoccupation with Frank's sexuality. Their fascination with his sexual orientation seems downright unhealthy to me.

    • 16 votes
    #1.77 - Fri Jan 4, 2013 12:15 PM EST

    JH - When two men are lovers they are homosexual. I accept that, why can't you?

    I believe the question Jack was raising is how does the sexual orientation add relevancy to your statement? If it doesn't add relevance, why did you feel the need to mention it?

    • 11 votes
    #1.78 - Fri Jan 4, 2013 12:15 PM EST

    On top of that, Bush' deregulation of derivatives pretty much was the nail in the coffin. Gramm pushed successfully to deregulate derivatives which allowed AIG to sell Credit Default Swaps (CDS) without disclosing its positions or setting aside capital to cover potential losses. Bush allowed that so point fingers at the right people.

    OK Bayllie lets hear what the relationship is between derivatives, CDS and an AIG office in London that could have been regulated. Tell me, what mechanisms were in place that could have regulated this practice? What policy put forward by either the Bush Administration or what Congressional oversight was lacking that allowed this to happen?

    If you really want to do a bit more homework and absolutely destroy any credibility of the right-wing, go check the role of the SEC. Republicans had virtually gutted the staff. There was almost no one who could investigate the financial services sector's destruction and looting of the economy.

    ..and yet again I will say that the SEC was not the regulator of AIG.

    • 5 votes
    #1.79 - Fri Jan 4, 2013 12:16 PM EST

    Alan NJ:

    If the only other people in the room are Tea Party nut cases, he IS the smartest one in the room. By far.

    Yeah because the talent of the left is overwhelming...I'm thinking of you Nancy Pelosi and Alan Grayson

    As a matter of fact, Pelosi showed herself to be a much more competent Speaker of the House than the current one, who ended his last Congress with his "Plan B" face plant. I will have to give Boehner some credit, though, for having the guts to abandon the "Hastert Rule" and pass the fiscal cliff deal without a "majority of the majority" voting for it.

    As for Alan Grayson, that's Representative Grayson to you. He was just reelected in November.

    • 7 votes
    #1.81 - Fri Jan 4, 2013 12:22 PM EST

    barney frank is a criminal and should be in jail. lets wait a few years after his little (mess) he made and bring him back, thats the ticket, no one will notice ! ha ! sorry the man screwed a lot of people and walked he was accountable, that was his freaking job and he failed . and you want to put him back in power, WHY would you?

    • 4 votes
    #1.82 - Fri Jan 4, 2013 12:23 PM EST

    Senator Barney the Dinosaur?

    Excellent. I am all for that.

    • 3 votes
    #1.83 - Fri Jan 4, 2013 12:29 PM EST

    Houston!

    I think Alan Ohama and Stone6 deserve the cudos, here, for making the most knowledgeable explanations

    I agree. My vote goes to Alan.

    but Barney Frank is just being used as a scapegoat by those who bear the major portion of blame for it.

    because simple minds look for a simple explanation.

    I will blame Barney Frank and everyone else who deregulated anything and everything that allows banks to regulate themselves. Greed is too powerful and the deregulation allowed greed. But banks still had a free will to sell their souls to the devil which they did so the blame for the financial meltdown goes collectively to the banks and Wall Street - Barney Frank did not cause this and neither did some families that took out mortgages that they could not afford. They paid the well deserved price (as punishment) by losing their homes and their credit.

    Banks willingly gave out those mortgages because those mortgages meant higher profits. But banks lost nothing - they actually got no-string attached blank checks from the Bush administration that they used to write themselves bonuses...not a bad deal.

    Jack in Portsmouth:

    David, True, Bayllie, Houston, et. al.--good comments, all.

    thanks. I don't expect anyone to believe in anything I write but I do expect people to actually do their own research and stop spreading the "it's Barney's fault" propaganda. But I guess their objective is not to learn history; it's to spread misinformation.

    • 11 votes
    #1.84 - Fri Jan 4, 2013 12:32 PM EST

    +

    • 2 votes
    #1.85 - Fri Jan 4, 2013 12:36 PM EST

    As a matter of fact, Pelosi showed herself to be a much more competent Speaker of the House than the current one, who ended his last Congress with his "Plan B" face plant. I will have to give Boehner some credit, though, for having the guts to abandon the "Hastert Rule" and pass the fiscal cliff deal without a "majority of the majority" voting for it.

    You're talking about ex-Speaker Pelosi who suffered the worst election setbacks in history in 2010? The same speaker who destroyed the Democratic Blue-Dogs which has now resulted in her being the minority leader? The same person who after suffering this political defeat was voted back into leadership by her "highly-intelligent" caucus?

    Your right...she's smart like a fox. The only smart thing she did was nothing between 2007 and 2009 so that the Democrats could win the White House.

    • 4 votes
    #1.86 - Fri Jan 4, 2013 12:38 PM EST

    I'm glad to see even liberals putting the housing troubles squarely where it belongs. That kind of finance expertise is the last thing our country needs when it needs to get the spending under control.

    • 2 votes
    #1.87 - Fri Jan 4, 2013 12:40 PM EST

    I will blame Barney Frank and everyone else who deregulated anything and everything that allows banks to regulate themselves. Greed is too powerful and the deregulation allowed greed. But banks still had a free will to sell their souls to the devil which they did so the blame for the financial meltdown goes collectively to the banks and Wall Street

    I can't wait for you dissertation on Risk Management at Financial Institutions.

    • 3 votes
    #1.88 - Fri Jan 4, 2013 12:40 PM EST

    Alan, NJ

    OK Bayllie lets hear what the relationship is between derivatives, CDS and an AIG office in London that could have been regulated.

    Alam, do you realize that 1 unit of the company (roughly about 20 people), AIG Financial Products, was the source of many of the company’s woes??? The AIG FP unit specialized in derivatives that generated billions of dollars in profit over the years. AIG issued the swaps and promised to pay these institutions, counterparties, if the debt securities defaulted. Banks all over the world bought CDS protection from AIG. As a reinsurer, AIG used CDSs as a kind of insurance policy on complex collateralized debt
    obligations (CDOs).

    However, AIG did not have a large enough safety net (which was deregulated by the Bush Admin) to weather the subprime mortgage collapse. These insurance contracts became essentially worthless because many people could not pay back their subprime mortgages and AIG did not have the creditworthiness for the big collateral call.

    It was a domino effect, Alan. that's the relationship. Before the deregulation, AIG would have been forced to hold more cash. They also used

    I'm not really sure why I should care about the AIG office in London...

    • 8 votes
    #1.89 - Fri Jan 4, 2013 12:41 PM EST

    You see righty, Fox fact doesn't mean poop, your changing history for your own use. The fact is these people paid their bills until they lost their job, then they lost their houses and people like you stink up these pages with your stinking lies.

    Not lies, fact. They bought more house than they needed to. See that tricky little word you libs seem to pass over? NEEDED. Needs in your world are substituted by wants. You get a house 2 times bigger than what you need, you have to furnish it. Oh, and you are in a neighborhood where everyone drives a $35K SUV so you need one of those too. And gotta have a TV in every room. Then, when the sh!t hits the fan and you are mortgaged and financed out the ying yang, you can't pay for ALL of it. So, you head back to an apartment (if you are lucky enough to be able to cover it with your UE benefits) and whine because someone took advantage of you and financed you for more than what you deserved. They made it too easy and people were in Utopia since they finally got to "move on up to the east side".

    • 8 votes
    #1.90 - Fri Jan 4, 2013 12:51 PM EST

    Barney can submit his management experience with Fannie Mae and Freddie Mac as evidence of his qualifications for the office. The perfect liberal candidate.

    • 4 votes
    #1.91 - Fri Jan 4, 2013 12:53 PM EST

    Thank Phil Gramm (R) of Texas , et al, for the financial collapse... Frank had little to do with the financial crisies. For those willing to seek the facts rather than the hair brained, anti- Barney Frank hysteria being foisted in this comments you can find a primer on this subject here:

    Gramm–Leach–Bliley Act

    • 9 votes
    #1.92 - Fri Jan 4, 2013 12:53 PM EST

    C'mon people, the mortgage lenders were backed by Fannie May and Freddie Mac. These two agencies were suppose to be the watch dog and not allow "bad loans". How did that work for the country?

    • 1 vote
    #1.93 - Fri Jan 4, 2013 12:59 PM EST

    Wet Willy

    Barney can submit his management experience with Fannie Mae and Freddie Mac as evidence of his qualifications for the office. The perfect liberal candidate.

    compared to George W. Bush resume, Barney Frank is a genius. Our Republican President takes credit for bankrupting 2 companies and a country. That's something no one else can brag about!

    • 8 votes
    #1.94 - Fri Jan 4, 2013 1:02 PM EST

    Alan NJ on another favorite scapegoat of the far right other than Barney Frank:

    You're talking about ex-Speaker Pelosi who suffered the worst election setbacks in history in 2010? The same speaker who destroyed the Democratic Blue-Dogs which has now resulted in her being the minority leader?

    I'm talking about the same Nancy Pelosi who moved the historic Affordable Care Act through Congress. The Republican lies about "death panels" and government takeovers of health care are largely responsible for the Democrats getting shellacked in 2010. The "Blue Dogs" lost because they were generally from districts that tended to be more Republican and so were the most vulnerable to the hysteria whipped up about the ACA. It had nothing to do with Pelosi's leadership.

    Pelosi certainly wasn't responsible for the gerrymandering perpetrated by Tea Bag governors and state houses that enabled Republicans to retain control of the House last November despite the fact that Republican congressional candidate lost the popular vote by a margin of a million votes. If it weren't for the grossly undemocratic redistricting after 2010, she'd be Speaker rather than former Speaker now.

    • 7 votes
    #1.95 - Fri Jan 4, 2013 1:03 PM EST

    Think about it-3099387

    C'mon people, the mortgage lenders were backed by Fannie May and Freddie Mac.

    nope

    the private industry banks held 2/3rd of mortgages....

    These two agencies were suppose to be the watch dog and not allow "bad loans". How did that work for the country?

    nope

    according to the Republicans, businesses are their own watch dogs; remember the "businesses can regulate themselves" Mitt Romney motto?

    • 7 votes
    #1.96 - Fri Jan 4, 2013 1:05 PM EST

    @Bayllie

    I don't disagree with anything you said above but I don't see how deregulation, or more regulation would have stopped the collapse. It was a systemic failure which they are attempting to address through Dodds-Frank which can look at the industry risk as opposed to an individual company.

    Obviously, though if you simply increase their capital requirements (Basel III) then you will mitigate the potential fallout.

    • 5 votes
    #1.97 - Fri Jan 4, 2013 1:06 PM EST

    I'm talking about the same Nancy Pelosi who moved the historic Affordable Care Act through Congress. The Republican lies about "death panels" and government takeovers of health care are largely responsible for the Democrats getting shellacked in 2010. The "Blue Dogs" lost because they were generally from districts that tended to be more Republican and so were the most vulnerable to the hysteria whipped up about the ACA. It had nothing to do with Pelosi's leadership.

    Pelosi certainly wasn't responsible for the gerrymandering perpetrated by Tea Bag governors and state houses that enabled Republicans to retain control of the House last November despite the fact that Republican congressional candidate lost the popular vote by a margin of a million votes. If it weren't for the grossly undemocratic redistricting after 2010, she'd be Speaker rather than former Speaker now.

    So, in your first paragraph you absolve Pelosi of any responsibility for her election failure.

    <sarcasm>Yes it was only Republican lies that led to the shellacking.</sarcasm>

    Nothing to do with the highly partisan manner in which the ACA was passed.

    In your second, you fail to realize that the same same election failure allowed the Republicans to gain control of the Governor and State Houses that allowed them to gerrymander the districts.

    Just adds to the size of her election failure that these changes are for 10 years and that according to Nate Silver it will almost be impossible for the Democrats to regain a majority in the House.

    http://fivethirtyeight.blogs.nytimes.com/2012/12/27/as-swing-districts-dwindle-can-a-divided-house-stand/

    Well Done Nancy

    • 5 votes
    #1.98 - Fri Jan 4, 2013 1:14 PM EST

    Think about it-3099387

    C'mon people, the mortgage lenders were backed by Fannie May and Freddie Mac. These two agencies were suppose to be the watch dog and not allow "bad loans".

    Stone6 in #1.36 soundly debunked these attempts to put all the blame on the GSEs (government sponsored enterprises) for the housing market collapse. They shared some of the responsibility for just going along with what the loan companies and banks were doing, but they were not the cause of the crisis. It was the lack of regulatory oversight and greed of the private companies that brought down the US economy in 2008.

    • 8 votes
    #1.99 - Fri Jan 4, 2013 1:17 PM EST

    Alan NJ:

    In your second, you fail to realize that the same same election failure allowed the Republicans to gain control of the Governor and State Houses that allowed them to gerrymander the districts.

    Yeah, and what happened at the state level was all Pelosi's fault, too. <sarcasm>

    And let me congratulate you for your agile avoidance of admitting that Pelosi would now be Speaker once again if the Republicans at the state level hadn't perverted democracy by gerrymandering that prevented the party that really won the popular vote from retaking control of the House by blaming the Republican power grab on Pelosi, too. It's all her fault. After all, who could expect Republicans to govern responsibly on their own? <sarcasm>

    • 5 votes
    #1.100 - Fri Jan 4, 2013 1:22 PM EST

    Hon. Barney Frank would be a great temporary Senate appointee. He'd even make a greater newly elected Senator. Is that loud sound RWNJ's heads exploding? We can only hope!

    • 4 votes
    #1.101 - Fri Jan 4, 2013 1:26 PM EST

    Mo- are you sure that is starch and not spunk?

    • 1 vote
    #1.102 - Fri Jan 4, 2013 1:30 PM EST

    Think about it...respectfully you are wrong. Stone6, Bayllie and culheath are all correct. Mortgage lenders due to deregulation became greedy. They gambled and did exactly what Glass-Steagall would have prevented them had it been left in place. Time for Glass-Steagall to be brought back with expanded regulation power. Now the Treasury is buying most of those bad loans to promote lending and investment in securities. You may not have known but lenders bundled those toxic loans with good ones and sold them off as securities. Problem is no one really knew what they were getting or how bad the toxic part of the investment portfolio was. So who do you think protected their bottom line and who is being stuck with the risk? Take a guess and the first one won't count but I would do your research first.

    I might add it never ceases to amaze me at how many right-wing supporters gravitate always to the vine. I guess they haven't learned their lack of unbiased research makes them look like the lowest lit light bulb in the crowd.

    • 7 votes
    #1.103 - Fri Jan 4, 2013 1:32 PM EST

    JS in SD, When have Republicans EVER wanted more REGULATIONS???????? They can't even follow the ones we have NOW. Biden moment: LOL,LOL,LOL,LOL,LOL,LOL come back to Reality.

    • 3 votes
    #1.104 - Fri Jan 4, 2013 1:53 PM EST

    This is an example of insanity in american politics. We, that aren't from Massachussets are looking on and thinking, are they crazy? He has a boyfriend who solicited customers for sex in Barney's basement. Barney say'she knew nothing of it...give me a break He say's that Fannie and Freddie are doing great, the housing market is perfect, and we all know how that turned out. He will be voted in, of course, just like the rest of the ones who truly shouln't be and are in govt. for 20, 30, 40 50 years and more. Those of us as outsiders looking on, are incredulous.

    • 1 vote
    #1.105 - Fri Jan 4, 2013 1:54 PM EST

    Yeah, and what happened at the state level was all Pelosi's fault, too. <sarcasm>

    And let me congratulate you for your agile avoidance of admitting that Pelosi would now be Speaker once again if the Republicans at the state level hadn't perverted democracy by gerrymandering that prevented the party that really won the popular vote from retaking control of the House by blaming the Republican power grab on Pelosi, too. It's all her fault. After all, who could expect Republicans to govern responsibly on their own? <sarcasm>

    Are you trying to say that Pelosi didn't influence what happened at the state level? Now you're just being obtuse. Not many ticket splitters any more.

    As to gerrymandering. Although the democrats gained a majority of the national popular vote does that translate down to a state level? Or in other words did they win a majority of votes at an individual state level, before the division of each state in congressional districts (I confess I don't know but if you know of a site I'll check it out).

    Either way both parties are guilty of gerrymandering, more so the Democrats as they thought it would protect minority candidates. I'm sure the congressional delegations of New York and California would be different if democracy wasn't perverted.

    • 3 votes
    #1.106 - Fri Jan 4, 2013 1:56 PM EST

    Alan, NJ

    @Bayllie

    I don't disagree with anything you said above but I don't see how deregulation, or more regulation would have stopped the collapse

    simple: AIG would not be allowed to do what they did had they not been deregulated. There is a reason why this happened AFTER the deregulation so yes, REGULATIONS are limiting.

    I will bring up drunk driving again; we can all agree that drunk driving kills. Deregulate that and see how many MORE people drive drunk just because it is legal even though they know they are more likely to kill someone...some people are willing to take that chance

    • 6 votes
    #1.107 - Fri Jan 4, 2013 2:25 PM EST

    DAWG POUND

    Fiesty, STOP WITH THE BS! I'm a liberal too, but I'm not so clouded with ideology that I can't see a turd lying on the ground when I see one. You don't have to step in it and stick your nose in it to know it stinks!

    Barney Frank orchestrated the entire inflation of the housing market and as well the subsequent collapse of Fannie and Freddie.

    He's a BAD democrat. Now he may be the poster boy for gay rights but lets find another gay man or woman to celebrate and nominate as an elected official rather than Frank whose decisions while as a representative is still coasting the government $100s of billions of dollars.

    I'm gay, liberal and Democrat, and I completely agree. Frank is one of the reaons why our economy collapsed into the Great Depression II because of his greed and avarice (he's rich, thus making him greedy, and being a Democrat does not make one immune to that). He needs to go away; the man is an embarassment to gays and lesbians because of what he did; he's no role model. He needs to just take his boytoy husband and move to some secluded cottage (a nice one; they can well afford it) in Rehobeth and spend the rest of their lives ogling hot, young 20-something "successful" guys on the beach and drool over their bodies and money.

    • 2 votes
    #1.108 - Fri Jan 4, 2013 2:28 PM EST

    Anyone who singles out one member, a member who is not even Speaker ..... a member who was in the minority party, of the 435-member House of Representatives to blame for ANYTHING is a moron.

    • 5 votes
    #1.109 - Fri Jan 4, 2013 2:37 PM EST

    Anything would be better than letting that poster boy for Wall Street Brown back in the door. Even Barney Frank and he would be several steps up from Brown IMHO.

    • 4 votes
    #1.110 - Fri Jan 4, 2013 2:45 PM EST

    Bahney Fwank should stay in retirement. In case no one's noticed we're trying to fix problems and not add to them.

    • 5 votes
    #1.111 - Fri Jan 4, 2013 3:29 PM EST

    ProFreedom ..... or should I say Pwo Fweedom. What a childish post. Are you in middle school?

    • 3 votes
    #1.112 - Fri Jan 4, 2013 3:42 PM EST

    This is the best candidate in the whole state? Nonsense!

    • 1 vote
    #1.113 - Fri Jan 4, 2013 4:01 PM EST

    @Feisty

    I agree. I want Barney in there if for no other reason then to make all those tea baggers' and conservative Christians collective heads explode. The din of hatred is just excellent. I want Barney to just drive them nuts, just because his mere presence gets to them.

    I personally love it. All the homophobes are going nuts. All. the feigned anger is a hoot. Most don't even have the stones to say why they really hate him. This gay stuff just drives them nuts.

    • 7 votes
    #1.114 - Fri Jan 4, 2013 5:02 PM EST

    @Don- you want to be reeaally childish?

    How about we meet outside after school and see if you can back it up, eh? Didn't think so.

    • 1 vote
    #1.115 - Fri Jan 4, 2013 6:37 PM EST

    @Don- you want to be reeaally childish?

    How about we meet outside after school and see if you can back it up, eh? Didn't think so.

    don97524,

    ProFreedom-5130956 just proved your point by offering you a school yard fight!

    • 4 votes
    #1.116 - Fri Jan 4, 2013 6:43 PM EST

    Barney as Senator???? Holy disaster!!! Proof that the left is hell bent on destroying this country....

    • 1 vote
    #1.117 - Fri Jan 4, 2013 7:13 PM EST

    I think that ,to blame any one politician for the housing debacle is aiming a gun at a tree when wanting to kill birds. The problem was our deregulation spree that has caused most of our problems and the deregs. were pushed for ,as usual, by the regulated industries. We can,realistically also blame our government regulators for ,as is usually the case, going along with them. We should insist on the responsible agencies, investigating abuse and fraud of their regulations, the corruption in our society is widespread and epidemic. We object,rightly, of the corruption in the nations that we bribe whilst ignoring the even worse abuse in our own. As so many of the voices of objection are coming from the right wing of the Rep/T.P. I can assume that he will do his job well.

    • 1 vote
    #1.118 - Fri Jan 4, 2013 8:37 PM EST

    P.S. I am amused that so much hatred coming from the right and a few,but rarely from the left claim that they are Liberals of either party. Not No Way!

    • 1 vote
    #1.119 - Fri Jan 4, 2013 8:44 PM EST
    Nikectw585Deleted

    Ricardo98,

    It is funny when you see all of the rightwingers posting the same words. When that happens, in any media (radio, tv, internet) you can always trace the thought back to FOX, Beck or Limbaugh. It is a clear indication of the depth of their thought process. They can only opine when their opinion is provided to, and for, them.

    • 3 votes
    #1.121 - Fri Jan 4, 2013 11:06 PM EST

    Just what Massachusetts needs another 1%er to follow in the footsteps of Ted "The Lion Drunken Murderer of the Senate" Kennedy and John "The Pompous Ass Tax-Cheat of the Senate"Kerry; Barney "The Butt-Plug of the Senate" Frank.

    • 3 votes
    #1.122 - Fri Jan 4, 2013 11:17 PM EST

    Way to go Barney! Give the Republicans hell because they will sure cause a lot of grief. This would be a good final phase for his long political career.

    Good idea he said there in the video...to close down bases in Europe. It is true, they don't need our protection any longer. We could save some money there for sure.

    • 1 vote
    #1.123 - Sat Jan 5, 2013 1:19 AM EST

    I am a bit confused here... Is Barney the pitcher or the catcher?

      #1.124 - Sat Jan 5, 2013 7:24 AM EST

      Nothing like a Barney Frank thread to drag the homophobes & bigots out from their cesspools.

      What I see is a dumb bitch who would rather claim discrimination that actually come up with facts. You libs just can't take it that these people you want (i.e. the president) are @!$%#ty, greedy politicians and they aren't liked because of their 'politics'. It has zero to do with sexual orientation, race, etc.

      But, what can you expects from a bunch of zealots.

      • 1 vote
      #1.125 - Sat Jan 5, 2013 9:53 AM EST

      AlexM - It's the same old, same old with Fiesty and the other liberals. If you don't agree with them, you're a racist, homophobe, Teabagger, whatever. They don't even realize that their insults are worthless because they use them so much. I laugh and mock them....Watch, one of them will reply to this post about me listening to Rush or Fox News....cause they don't have anything worthy to say.

      Heck, even the NAACP is attacking the BLACK senator from SC. You know, the ONLY black senator in the senate? Yep....They're even racist against BLACK people if they aren't a liberal.

      • 1 vote
      #1.126 - Sat Jan 5, 2013 11:51 AM EST

      bayllie, before you dig yourself a deeper hole, google 'barney frank scandal', and you'll get all the information you need to see why he retired early... mostly to avoid a serious inquiry into the fanny mae, et al mess he created and profited from and some other 'funny'dealings he was involved in.

      I really don't see Barney Frank running for Senate, except in his daydreams.... lol!

      • 5 votes
      #1.127 - Sat Jan 5, 2013 12:32 PM EST

      publicly campaigning is not professional

        #1.128 - Sat Jan 5, 2013 1:49 PM EST

        Despite what was a long and certainly self serving career as a representative, which could have been marred by his lack of oversight and questionable dealings with Fannie and Freddie, Frank is likely to run for the senate as long as the Democrats are in control. Democrats never have problems with ethical behavior and even tax cheaters, Frank would be safe in the house of Reid. Frank being elected to the senate would just be more proof that voters are too stupid to help correct the problems in Washington, for which Frank is one of them.

        • 1 vote
        #1.129 - Sat Jan 5, 2013 1:50 PM EST

        To my homophobic GOP friends (that would include my right wing acquaintances who keep staring at me in the locker room when I'm changing -- I appreciate the thought, but it does weird me out when you stare... strange, when our openly gay friends never do that): look at the potential of a Barney Frank Senate service as an opportunity to avoid medication for low-blood pressure. Consider it one of the many cost-saving measures of Obamacare. I cannot wait until he gets into with McConnell and McCain.

        • 1 vote
        #1.130 - Sat Jan 5, 2013 10:36 PM EST

        Yeah, let's hope the governor has enough sense not to put a prostitution-enabling maggot into the senate, even though he'd be a perfect follow-up to the drunken girlfriend-killer Teddy.

          #1.131 - Sat Jan 5, 2013 11:01 PM EST

          Who's idea was it to allow lenders to make loans and sell them without retaining any risk in 2002, just before most of the bad loans were made? That change in law is what caused the crash in the housing market. The Dodd-Frank bill forced the lenders to retain 5% of risk.

          • 1 vote
          #1.132 - Sun Jan 6, 2013 4:04 AM EST

          @Mariannayess992: and you annoy *EVERYONE* with your pointless advertising trolls.

            #1.134 - Sun Jan 6, 2013 9:19 AM EST

            DAWG POUND

            Fiesty, STOP WITH THE BS! I'm a liberal too, but I'm not so clouded with ideology that I can't see a turd lying on the ground when I see one. You don't have to step in it and stick your nose in it to know it stinks!

            Barney Frank orchestrated the entire inflation of the housing market and as well the subsequent collapse of Fannie and Freddie.

            He's a BAD democrat. Now he may be the poster boy for gay rights but lets find another gay man or woman to celebrate and nominate as an elected official rather than Frank whose decisions while as a representative is still coasting the government $100s of billions of dollars.

            #1.4

            Thank you Dawg for that comment, and the many others you made throughout, regarding Franks about the Housing/Mortgage Crisis. You give me hope that not all Liberals are Kool Aid drinking lemmings.

            I have been pointing out the same thing, that the Democrats(especially Franks and Dodd) are equally culpable (if not more so, since the whole thing started with the Community Reinvestment Act of 94) as the Republicans.

            Personally I think the whole lot of them should be tried for Treason against the Country for causing or allowing the Financial crisis to happen.

              #1.135 - Mon Jan 7, 2013 3:34 AM EST

              Paws93

              AlexM - It's the same old, same old with Fiesty and the other liberals. If you don't agree with them, you're a racist, homophobe, Teabagger, whatever. They don't even realize that their insults are worthless because they use them so much. I laugh and mock them....Watch, one of them will reply to this post about me listening to Rush or Fox News....cause they don't have anything worthy to say.

              Heck, even the NAACP is attacking the BLACK senator from SC. You know, the ONLY black senator in the senate? Yep....They're even racist against BLACK people if they aren't a liberal.

              #1.125

              I like to remind them that if there is a "TEAbagger" there must also be a "Teabaggee", with a reference to online gaming. Evidently most liberals don't know what Teabagging is. And for all their talk about supporting homosexuality, once they find out, they find my comments about the subject offensive. ;-)

                #1.136 - Mon Jan 7, 2013 3:40 AM EST
                • 1 vote
                #1.137 - Mon Jan 7, 2013 1:49 PM EST
                Reply

                Go for it Barney.

                • 21 votes
                Reply#2 - Fri Jan 4, 2013 10:12 AM EST

                guess the Myans were right. If Barney gets in, it will be the final nail the financial industry puts in the coffin of the non-politician regular working american.

                Slavery of a new kind is being born right now...grab your cameras because nothing will ever be green again....not in America

                Nature's first green is gold,
                Her hardest hue to hold.
                Her early leaf's a flower;
                But only so an hour.
                Then leaf subsides to leaf,
                So Eden sank to grief,
                So dawn goes down to day
                Nothing gold can stay.

                Robert Frost

                I have to be at least thankful that I was born right before everything rotted.

                • 11 votes
                #2.1 - Fri Jan 4, 2013 11:04 AM EST

                If your "mortgage banker" can't explain the housing crash to you, try asking anyone in the land title business. We closed those loans and though we couldn't say anything about how risky or tricky the lending was, we were appalled. Especially when we saw how much money the brokers were making off each transaction. They all thanked George Bush. We never heard them thanking Barney Frank.

                • 8 votes
                #2.2 - Fri Jan 4, 2013 12:34 PM EST

                roadlesstraveled: slavery never ended. New tools were invented so you wouldn't notice because you would be too distracted.

                • 1 vote
                #2.3 - Fri Jan 4, 2013 12:47 PM EST

                Frankly Mr. Frank,

                Your bungling of the housing debacle was enough for one generation, but then you added the Obamacare debacle to your portfolio. Give us all a break and stay retired Mr. Frank. The country is still trying to work through all your other bad legislation.

                • 3 votes
                #2.4 - Fri Jan 4, 2013 1:26 PM EST

                First, Hillary must recover and testify on Benghazi as a sitting Secretary of State, then the Kerry nomination has to be discussed by both Houses of Congress and a determination be made that his nomination be upheld, or not. If upheld, at that point Kerry's seat in the Senate will be vacant.

                • 1 vote
                #2.6 - Fri Jan 4, 2013 3:58 PM EST

                Barney Frank did not write bad loans, Bankers wrote bad loans, and the worse they were the more they charged. They never told anybody you can't afford the house, their story was always we can get you in, and they devise all manner of silly loans knowing that it would be music to young naive peoples ears, we can get you in. My kid who just got his first job at a little over 50k a Year, was told they would lend him $345,000, on an "interest only loan" have you ever heard of such a thing, you pay and pay and never have equity, why the mafia will give you a better loan. I asked my kid if he told the bank he was a Heart Surgeon or something, why would they even consider lending you $345,000, he said he told them what he did and what he makes, and then told me about this goofy interest only scam. Often times the Realtor the lender and the appraiser was a one stop shop under the same roof, these lenders knew that many people would not last a year making these payments but they did not care because housing was going up better than 10% a year, so let them make the payments for a few months and when they go belly up, we will get the house back and it will worth a little more. Hell they even sold bad loans as high investment securities. You cannot blame Barney Frank for the dishonesty of shady bankers, they told these people we can get you in, why would they not trust the man at the bank, and they devised all manner of goofy loans, they even charged the people that could least afford it more for those goofy loans, that was the bankers scheme and it worked well for them as long as prices were going up, when prices started dropping that's when the wheels came off. Then it was like a falling knife nobody wanted to reach out and grab, then they would not even lend to those who could afford it, because they were afraid the house would be worth less next year than they lent on it. Nobody is responsible for the dishonesty and practices of shady bankers but the bankers themselves.

                • 4 votes
                #2.7 - Fri Jan 4, 2013 4:25 PM EST

                Barney didn't write bad loans he just strongarmed the banking industry into writing bad loans. However the banks said what's in it for us? Barney and Dodd and their boyfriends at Fannie Mae and Freddie Mac told the bankers not to worry. You bankers can bundle these pissy loans into mortgage securities and Fannie Mae and Freddie Mac will buy them on the tax payers' dime. Oh yeah you can insure these pieces of toilet paper with AIG in credit default swaps. Soon as housing prices started to tank the whole house of cards came tumbling down. Thanks Barney.

                  #2.8 - Sun Jan 6, 2013 2:26 AM EST
                  Reply

                  why not barney? he certainly has the knowledge and fortitude and a little baggage.

                  • 7 votes
                  Reply#3 - Fri Jan 4, 2013 10:15 AM EST

                  Barney hasn't any Baggage; He has a mile long BOX CAR OF STOLEN THINGS ROM THE TAX PAYER!!!

                  • 30 votes
                  #3.1 - Fri Jan 4, 2013 10:32 AM EST

                  I think the idea is to appoint someone with sufficient experience in that environment to be able to handle the complex and controversial issues coming down the pike without making a greenhorn's mistake. If a compromise needs to be made, Barney knows all the players. If an arcane rule of the chamber is being used, he will understand the mechanics. As far as the housing crisis goes, I think all he wanted was to open up the market to people who were lower middle-class and wanted to own a home. For the crash, we have Wall St. and the banking industry to thank - those brilliant minds who conceived the "bundling" and "securitizing" of mortgages. I know it's a lot easier to blame a person than try to understand what those terms mean, but there are some great books out now if you care to educate yourselves. If you read.

                  • 11 votes
                  #3.2 - Fri Jan 4, 2013 11:08 AM EST

                  Barney Frank was in office more than 30 years - and was responsible for blocking tighter oversight of Fannie and Freddie, and did not allow Bush to reform these 2 entities that the taxpayer lost billions to.

                  • 11 votes
                  #3.3 - Fri Jan 4, 2013 11:21 AM EST

                  S: that would require listening to someone other than the FAUX network. It's "IMPURE" thinking!

                  • 10 votes
                  #3.4 - Fri Jan 4, 2013 11:24 AM EST

                  Wyo2, I think I would be careful about what you wish for. It was Bush that screwed up most if not all of America in the first place. Face it Bush was a huge mistake. We should have never let him steal the first election from Al Gore.

                  • 9 votes
                  #3.5 - Fri Jan 4, 2013 12:06 PM EST

                  "...Frank has changed his mind citing the Senate's expected focus on fiscal issues, where Frank could use his expertise as the former top Democrat on the House Financial Services Committee."

                  That's the funniest "statement" I've seen today! Barney Frank's financial expertise...pshaw. The man is a flaming idiot.

                  • 2 votes
                  #3.6 - Fri Jan 4, 2013 1:14 PM EST

                  @Ed Poko - No need to shout. Lies will never be the truth just because their shouted. If your shorts or hair are on fire then you can be forgiven.

                  • 2 votes
                  #3.7 - Fri Jan 4, 2013 1:32 PM EST

                  Johntho - Ignorant and incorrect comment.

                  • 4 votes
                  #3.8 - Fri Jan 4, 2013 1:52 PM EST

                  but that doesn't stop them. They just keep the rhetoric they are told on this media site. A lot of things are not even reported here. You have to scan all media sites and do your own research but the left is lazy and would rather be lapdogs for their masters.

                  • 2 votes
                  #3.9 - Fri Jan 4, 2013 3:33 PM EST

                  Daddies girl/#3 9./I should thank you for you're explanation of the character of we of the left of any of you. So ,Thank You. Did i hope that you had a good day?

                    #3.10 - Fri Jan 4, 2013 8:56 PM EST

                    Saying Barney has 'a little baggage' is like saying Jack the Ripper abused a woman.

                      #3.11 - Sat Jan 5, 2013 11:39 PM EST
                      Reply

                      Stay home Barney we do not need another Dodd/Frank BS. We have enough idiots we need to get rid of now!

                      • 41 votes
                      Reply#4 - Fri Jan 4, 2013 10:21 AM EST

                      You are so right, Rick Colo.

                      • 15 votes
                      #4.1 - Fri Jan 4, 2013 10:25 AM EST

                      B. Frank is a complete idiot. There is tons of video of this clown prior to the housing crash saying it will never happen. He was the leading proponent of "everyone should be allowed to own there own home regardless of the NON-ability to come up with more than 3% down". His Dodd/Frank standard is pathetic. This guy is a con man and an arrogant jerk. Massachusetts can do so much better. This jerk leaves the Congress, then wants back in to make himself "the big man", he's a little twerp, a small man with a small mans complex.

                      • 27 votes
                      #4.2 - Fri Jan 4, 2013 10:39 AM EST

                      Barney Frank owns the housing crash 100%.

                      • 23 votes
                      #4.3 - Fri Jan 4, 2013 10:43 AM EST

                      B. Frank is a complete idiot. There is tons of video

                      There are tons of videos . . .

                      Who is the idiot?

                      • 6 votes
                      #4.4 - Fri Jan 4, 2013 10:53 AM EST

                      The only jobs Barney will be giving is probably in mens rooms on I-95 between Washington and Maine.Sign him up, Gov. Patrick,gurgle gurgle.

                      • 10 votes
                      #4.5 - Fri Jan 4, 2013 10:54 AM EST

                      Who is the idiot?

                      the guy whos comment has nothing ...no value 4.4

                      the idiot is the man who cant see the meaning, just that someone said something not up to your par

                      how you like that first person, third person, etc...drive you crazy..good

                      • 4 votes
                      #4.6 - Fri Jan 4, 2013 11:07 AM EST

                      Jack from Portsmouth's quote "There are tons of videos . . .

                      Who is the idiot?"

                      you are Jacka.. so sick of a..holes like you who correct others grammar, yet can't carry on in a constructive thread without making a jerk out of ones self. This is not an grammar test pal.

                      • 7 votes
                      #4.7 - Fri Jan 4, 2013 11:22 AM EST

                      JCB & roadless,

                      You don't get it, but then again I wouldn't expect you to. So I'll spell it out for you.

                      If you're going to call someone an idiot, then you should make sure you don't sound like one.

                      BTW, JCB, among many other errors in your little missive, it's "other's grammar", not "others grammar". And "oneself", not "ones self". See?

                      roadless--I won't even bother helping you with your grammar. Here's the thing: If you can't even articulate a thought clearly, why should anyone take you seriously?

                      • 8 votes
                      #4.8 - Fri Jan 4, 2013 11:48 AM EST

                      For anyone cheering for Barney, let him be senator of YOUR State. I'm in MA, and I don't want him here.

                      • 5 votes
                      #4.9 - Fri Jan 4, 2013 12:12 PM EST

                      @Janine-1645002#4.9: Gwaddamn! See how all the righties scream and lie when they hear the name "Barney Frank"? Aye gwad!, proof enough for any good democrat to see His value as a Senator. Do your job Governor Patrick. Appoint Barney!

                      • 7 votes
                      #4.10 - Fri Jan 4, 2013 12:36 PM EST

                      You're laughable Jacka.. Here we are commenting on Barney Frank, who can't even enunciate words properly, who always sounds like a 6 year old with a tantrum, and your worrying about spelling from a person that's working off a keyboard on a phone. LOL, you're pathetic, get off your high horse jerk.

                      So with your analogy, why should we take anything Barney Frank says seriously, since he can't speak proper English?

                      • 2 votes
                      #4.11 - Fri Jan 4, 2013 12:37 PM EST

                      @"janine", Frank-Dodd Act. Nuff said.

                      • 4 votes
                      #4.12 - Fri Jan 4, 2013 1:17 PM EST

                      He just wants to be over Jared Polis.

                        #4.13 - Fri Jan 4, 2013 1:53 PM EST

                        I am sure that Barney could win election is some socialist foreign country...Like Illinois or Mass....

                          #4.14 - Fri Jan 4, 2013 8:59 PM EST
                          Reply

                          Hasn't this guy hasn't stolen enough from the American tax payers??? He was the thief that made up the new baking rules but specifically exempted Fannie and Freddie Mac whose loses continue to grow over the BILLION DOLLAR level and yet, the CEO friends of Franky got a huge bonus!

                          Now he tells people how effective he will be as a Senator - a change to STEAL MORE AND BIGGER!!!

                          • 19 votes
                          Reply#5 - Fri Jan 4, 2013 10:29 AM EST

                          Sign him up, Gov. Patrick! Rep. Frank possesses the experience that is needed in these negotiations, besides he speaks truthfully and on topic... not mealy mouthed.

                          • 16 votes
                          Reply#6 - Fri Jan 4, 2013 10:30 AM EST

                          How about we indict him first on Grand Theft. Then we can sign him up for a LONG SENTENCE right next to Maddoff!!!

                          • 24 votes
                          #6.1 - Fri Jan 4, 2013 10:34 AM EST

                          In other words like most Dems he has no idea what the truth is.

                          • 18 votes
                          #6.2 - Fri Jan 4, 2013 10:37 AM EST

                          That is like saying we should put the fox in charge of the hen house. Maynard do you just ignore his part in the whole housing crash fiasco? Where has common sense gone in this country.

                          • 18 votes
                          #6.3 - Fri Jan 4, 2013 10:46 AM EST

                          comment deleted

                            #6.4 - Fri Jan 4, 2013 11:54 AM EST

                            @"maynard", experience in what exactly? How to manuever through the legistative process, like the slimy haggard that he is? This utter idiot is an expert in only one field...butt.

                            • 3 votes
                            #6.5 - Fri Jan 4, 2013 1:19 PM EST

                            Maynard etc., you are sick.

                            • 3 votes
                            #6.6 - Fri Jan 4, 2013 3:52 PM EST

                            Maynard etc., you are sick.

                            ... and delusional!!!

                              #6.7 - Fri Jan 4, 2013 7:19 PM EST

                              So funny that Maynard would comment on Barney's mouth.

                                #6.8 - Sat Jan 5, 2013 11:42 PM EST
                                Reply

                                Remember the housing market is OK He is a joke

                                • 16 votes
                                Reply#7 - Fri Jan 4, 2013 10:32 AM EST

                                Barney Frank and his Dodd Frank legislation that is currently siffling the economy is bad enough. To reward him for this nasty peice of business by making him an interim senator is crazy! He does not get how the world works or economics. He fixes what isn't broken. He deserves a long honeymoon with his wife/husband honey while congress dismantles his Dodd Frank legislation.

                                • 15 votes
                                Reply#8 - Fri Jan 4, 2013 10:34 AM EST

                                amen

                                • 5 votes
                                #8.1 - Fri Jan 4, 2013 10:44 AM EST

                                But Barney knows how the GOP wants American to live (GOP- (GO OUT POOR). Better to have a seat warmer than to have a seat killer

                                  #8.2 - Fri Jan 4, 2013 9:29 PM EST

                                  Donna...with all due respect please provide supporting facts regarding your comment from unbiased sources. Here's a few links that give a good accounting of both Franks tenure and the housing bubble. Be sure to read to the end then google and verify what is stated for good measure. The last website is an indepth accounting of the mortgage crisis. You, I or anyone else can find all sorts of supporting websites when commenting. When you locate unbiased, factual sources they tend to be respected for their credibility.

                                  http://forward.com/articles/147143/barney-frank-and-the-financial-crisis/?p=all

                                  http://www.washingtonpost.com/blogs/wonkblog/post/barney-frank-didnt-cause-the-housing-crisis/2011/11/28/gIQANqLH5N_blog.html

                                  http://www.stat.unc.edu/faculty/cji/fys/2012/Subprime%20mortgage%20crisis.pdf

                                  • 2 votes
                                  #8.3 - Fri Jan 4, 2013 10:33 PM EST

                                  You make what would otherwise be a reasonable argument a little moot when you only cite left wing sources.

                                  The Post ? Come on...

                                  A Study from UNC Chapel Hill... worse than the first... One of the most leftist schools in the country and I know, I've got the sheepskin to prove it.

                                  Forward... Probably the least hack, but leftist bent is evident.

                                  Blaming one person for anything in government is fairly idiotic (see Bush Derangement Syndrome and the "Obummer" crowd), but this man certainly has dirt on his hands..

                                    #8.4 - Sat Jan 5, 2013 9:51 AM EST
                                    Reply

                                    What does he know of financing...he helped put the mortgage industry on it's ear. Banks were given money on any mortgage that defaults. They get the loan paid off by the government anyway...plus they get to sell the house at a 100% profit!!

                                    • 3 votes
                                    Reply#9 - Fri Jan 4, 2013 10:34 AM EST

                                    The Banking Queen wants to come back and Steal some more money. He puts new meaning into Fannie Mae and Freddie's Big Mac. Grab your ankles America-Barney's got your Back-side.

                                    • 14 votes
                                    Reply#10 - Fri Jan 4, 2013 10:35 AM EST

                                    Temporary, like hell. As soon as he's sworn in he'll begin planning for his re-election campaign. So-called "seat warmer" Senators have a tendency to overstay their welcome. They get there, intending to only "help out" for a while, but then they begin to believe that they have to stay, because no one else is good enough, blah, blah, blah.

                                    Please, for the love of God, new blood in Congress. Stop sending retreads. You know, the ones who caused this mess, and now claim to have the "expertise" and "experience" to get us out of it. No thank you.

                                    • 10 votes
                                    Reply#11 - Fri Jan 4, 2013 10:36 AM EST

                                    BJ's a @!$%#!

                                      Reply#12 - Fri Jan 4, 2013 10:36 AM EST

                                      If they go for this the people of Massachusetts are even dumber than I give them credit for. It's like leaving the door open becasue the burglar forgot a few things last time. Except this time they want to be sure and leave the safe open too. I'd like to know how this would inflate his otherwise generous retirement benefits.

                                      • 9 votes
                                      Reply#13 - Fri Jan 4, 2013 10:37 AM EST

                                      Barney- The only reason February, March and April are so important is because all of our elected officials have been kicking the can down the road and will probably continue the kicking process again.Maybe they should start making the tough decisions and get these major problems solved once and for all.

                                      • 6 votes
                                      Reply#14 - Fri Jan 4, 2013 10:39 AM EST

                                      If we are dumb enough to let him near Washington after we were lucky enough to get the idiot out of Washington, then shame on us!!! The big "real estate/banking meltdown" that we are still living with is due in part to Barney Frank (With help from Bill Clinton and others) who couldn't see any reason why people with little or no income shouldn't have access to big houses in the suburbs. The guy is not very bright.

                                      • 8 votes
                                      Reply#15 - Fri Jan 4, 2013 10:40 AM EST
                                      Comment author avatarAmericanDad-3379215Expand Comment Comment collapsed by the community

                                      I sure hope the fudge packer doesn't run. The article says "Frank could use his expertise as the former top Democrat on the House Financial Services Committee". Hello Kelly O'Donnell, time to wake up, Frank was a major contributor to the collapse of the housing market. Let's keep this homo out of Washington.

                                      • 4 votes
                                      Reply#16 - Fri Jan 4, 2013 10:40 AM EST

                                      And away from young boys.

                                      • 3 votes
                                      #16.1 - Fri Jan 4, 2013 11:03 AM EST

                                      I would have listened to your argument had you not included 'homo', 'fudge packer' etc. those comments sell me on the idea that this isnt really about issues with you but rather your hatered of gay people.

                                      • 7 votes
                                      #16.2 - Fri Jan 4, 2013 11:23 AM EST

                                      What an ignorant comment. Aside from the homophobia, he's not running for anything. It's a temporary appointment to fill Kerry's seat. And depspite the volumes of misinformed right-wing comments, Frank is not responsible for the housing crisis.

                                      • 3 votes
                                      #16.3 - Fri Jan 4, 2013 1:48 PM EST
                                      Reply

                                      Barney in the HenHouse! Yes, I can't wait until the gov'ment writes off my underwater mortgage!

                                      Barney's just the person to see to it!

                                      • 4 votes
                                      Reply#17 - Fri Jan 4, 2013 10:40 AM EST

                                      Frank is a slimey snake oil salesman, lover of banksters, bailouts, among other things.

                                      • 13 votes
                                      Reply#18 - Fri Jan 4, 2013 10:40 AM EST

                                      Well OF COURSE he is a lover of banksters (also choir boys, police men, fire men....)

                                      • 7 votes
                                      #18.1 - Fri Jan 4, 2013 10:49 AM EST

                                      pity is those are his GOOD points...........

                                      • 9 votes
                                      #18.2 - Fri Jan 4, 2013 10:59 AM EST

                                      Yep, I see the homophobes are coming out of the woodwork. Disgraceful.

                                      • 1 vote
                                      #18.3 - Fri Jan 4, 2013 2:14 PM EST
                                      Reply

                                      Please, can we eliminate CAREER POLITICIANS?

                                      • 11 votes
                                      Reply#19 - Fri Jan 4, 2013 10:41 AM EST

                                      No way........they are a constant source of entertainment.

                                      • 3 votes
                                      #19.1 - Fri Jan 4, 2013 11:03 AM EST

                                      If Frank was the "top Democrat on the House Financial Services Committee" that oversaw and orchestrated how many Trillions of $$ of debt added to the deficit while he was in charge then why in the world would anyone D or R want him playing any role whatsoever again? He was obviously a tenured Washington insider, an ingrained senior member in charge leading the government culture of extreme fiscal irresponsibility. You've done enough damage already Mr. Frank, please do us all a favor and go home, enjoy your senior years and fade away.

                                      • 3 votes
                                      #19.2 - Fri Jan 4, 2013 11:38 AM EST

                                      The Financial Services Committee regulates the Financial Services Industry, not the federal budget.

                                      Duh.

                                      • 1 vote
                                      #19.3 - Fri Jan 4, 2013 1:51 PM EST

                                      Oh god he is coming back again! As an independent in MA I have been so embarrassed and ashamed of so many things this guy said and did.

                                      • 1 vote
                                      #19.4 - Sat Jan 5, 2013 1:38 PM EST

                                      As an independent in MA I have been so embarrassed and ashamed of so many things this guy said and did.

                                      Yours is the minority opinion. I too am a resident of MA, and would be quite happy to see him fill this temporary position. He's perfect for the job.

                                        #19.5 - Sat Jan 5, 2013 2:58 PM EST
                                        Reply

                                        Barney would be better suited for cabinet Secretary of LGBT Pollution & Same-Sex Marriage, since Democrats are so insane as to believe that turning the country queer is more important than cutting deficit spending and fighting the global war on Islamofascist terror.

                                        • 6 votes
                                        Reply#20 - Fri Jan 4, 2013 10:42 AM EST

                                        republicans seem fixated on same sex marriage too, you should pay attention.

                                        • 1 vote
                                        #20.1 - Fri Jan 4, 2013 10:52 AM EST

                                        Remember Cheney 'the war lord's daughter???

                                          #20.2 - Fri Jan 4, 2013 11:09 AM EST

                                          REP Lawyer, you are so correct!

                                          • 1 vote
                                          #20.3 - Fri Jan 4, 2013 3:54 PM EST

                                          Having and giving each person the dignity they deserved has nothing to do with the deficit (The two or three unpaid wars have and continue to have a lasting effect on the economy. But if queers are to be blamed. according to accurate and recent surveys, we should get rid of the GOP and their evangelical supporters.

                                            #20.4 - Fri Jan 4, 2013 9:39 PM EST
                                            Reply

                                            We do not need more fags in government. Have to many already and all they do is bring shame on the House from tapping their feet ion toilet stools to malesting pager boys. If he wants to continue in goverment, send him to the vatican, their he will fit in better.

                                            • 1 vote
                                            Reply#21 - Fri Jan 4, 2013 10:45 AM EST

                                            gays don't bring shame to gov't. Adults having underage sex do, but that applies at least as well to heterosexuals too.

                                            • 3 votes
                                            #21.1 - Fri Jan 4, 2013 10:51 AM EST

                                            Actually, most pedophiles are heterosexual.

                                              #21.2 - Fri Jan 4, 2013 1:53 PM EST
                                              Reply

                                              good pick did you all forget the Frank / Dodds bill that caused the economic mess and house crisis to begin with?

                                              Frank could use his expertise as the former top Democrat on the House Financial Services Committee.

                                              Is that the expertise he is speaking of?

                                              • 12 votes
                                              Reply#22 - Fri Jan 4, 2013 10:46 AM EST

                                              Dodd/Franks was signed into law in 2010. You must be using Faux News facts again.

                                              • 5 votes
                                              #22.1 - Fri Jan 4, 2013 11:30 AM EST

                                              The Dodd–Frank Wall Street Reform and Consumer Protection Act (Pub.L. 111-203, H.R. 4173) was signed July 21, 2010

                                              I believe the financial crisis was well under way by then... I know I had a 10% cut in '08'
                                              near the end of Decade Ought Not

                                              • 7 votes
                                              #22.2 - Fri Jan 4, 2013 11:48 AM EST

                                              ScooterTramp,here's hoping no one asks for YOUR expertise on how calendars work,implying that a housing and subsequent banking meltdown that took place from 2006 to 2008,could be caused by legislation authored and signed into law in 2010.

                                              Thanks for the laugh,unintentional as it was meant to be,nimrod.

                                              • 2 votes
                                              #22.3 - Sat Jan 5, 2013 11:54 PM EST
                                              Reply

                                              I think he would be a fairy nice person to be a seat holder.

                                                Reply#23 - Fri Jan 4, 2013 10:47 AM EST

                                                are you kidding me, another do nothing person, who only looks out for himself and kisses butt with obama just to get what he wants and give himself a name. No way, he was caught lying a few years back. "bathroom schnaigans". Lets get some honest people in office that will look out for taxpayers and do the job the taxpayers elected them into office for

                                                • 5 votes
                                                Reply#24 - Fri Jan 4, 2013 10:48 AM EST

                                                Bringing back Barney who was in office while this whole mess got started? He is a glutton and coming back for seconds. Probably has some outstanding IOUs to lobbyists to fill before they take a contract out on him.

                                                Find a smart honest non-political financial person in MA; there has to be some around.

                                                • 8 votes
                                                Reply#25 - Fri Jan 4, 2013 10:48 AM EST

                                                Errr, seems pretty clear to the sane among us that the Republicans are solely responsible for the Real Estate and Financial Meltdowns...... Some things are just self-evident they say.....

                                                • 2 votes
                                                #25.2 - Fri Jan 4, 2013 3:01 PM EST

                                                Oh god he is coming back again! So much of what he does and says (did and said) is an embarrassment to me here in MA, and now back for more. I'm an independent and I am saying this.

                                                • 2 votes
                                                #25.3 - Sat Jan 5, 2013 1:36 PM EST

                                                ken101aa

                                                emmm, you mean you forgot that Clinton deregulated the banks and loan industry so everyone could have homes and...Mae and Mac became two of the largest and corrupt offenders in the whole process.

                                                Not clear to me that the Republicans were soley responsible. I would say later Greenspan on the Republican watch put the final nails in the coffin being asleep at the wheel and unwilling to raise interest rates when he could have averted it.

                                                • 3 votes
                                                #25.4 - Sat Jan 5, 2013 1:41 PM EST
                                                Reply
                                                Jump to discussion page: 1 2 3 ... 12
                                                You're in Easy Mode. If you prefer, you can use XHTML Mode instead.
                                                As a new user, you may notice a few temporary content restrictions. Click here for more info.