Now That We All Understand That The Housing Bubble And Financial Crisis Was Caused By Democrats Like Barney?
Posted on 03. Dec, 2011 by admin in Uncategorized
Frank forcing banks to make loans to poor people with bad credit, how can we prevent them from doing this again?
Frank and his Democrat Thugs used the Community Reinvestment Act to force banks to make loans to people with no jobs, even illegal immigrants and bundle these bogus loans into bonds, then made rating agencies like S&P certify them AAA so unsuspecting Pension Funds would buy them.
And to make the bankers look bad, Frank and the Thugs made the bankers pay themselves millions in fees.
Then the Democrats forced AIG to sell insurance policies against these worthless pieces of paper (called Credit Default Swaps), knowing full well that AIG did not have the money to make good on these swaps, allowing the Federal Government to step in and take over AIG and turn America into a Socialist Country.
And after forcing the banks to make all these bad loans, the Dems forced Treasury Secretary Hank Paulson and G.W. Bush to repay the banks for their losses with tax money in order to fulfull Frank’s dream of destroying the economy and forcing our children into unpayble debt so Barney Frank can force them into Homosexual FEMA Camps for the pleasure of his pervert friends.
How do we stop these people?
23 Responses to “Now That We All Understand That The Housing Bubble And Financial Crisis Was Caused By Democrats Like Barney?”
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- Now That We All Understand That The Housing Bubble And Financial Crisis Was Caused By Democrats Like Barney?
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Ed
03. Dec, 2011
You have a very active imagination.
Dark Skies
04. Dec, 2011
VOTE them out.
Horse Head
04. Dec, 2011
Send all the old wood packing next November.
Charles
04. Dec, 2011
bankruptcy?
bluechri
04. Dec, 2011
And I suppose Newt Gingrich’s involvement with Freddy Mack is just fine with You ?
Newt loves you people – he has made a mint off of his Conservative /Rep followers .
Jayne Savage
04. Dec, 2011
I know what YOU would do!
chloe
04. Dec, 2011
Newton Leroy Gingrich made $1.8 MILLION advising Fanny and Freddie. You figure it out.
Just me for President 2012
05. Dec, 2011
Ok you had me until the last paragraph
But Frank and Dodd are the two people most responsible for the collapse
prekinpd
05. Dec, 2011
Frank clearly also told bankers to divide sup prime mortgages into little pieces, to sell them as assets, and then to beg against them – and these aren’t frannie/freddy loans…just predatory lending – I KNOW Frank then told them to make huge profits off of these little pieces. Oh wait…he didn’t do that. Can you show me where the dem’s required the bankers to do this?
shindype
05. Dec, 2011
I understand nothing of the kind.
Big bad Bob
05. Dec, 2011
I like your sarcasm. I like to mock idiot Republicans myself.
Keep up the good work.
Jim Rooks
05. Dec, 2011
they finally quit trying to blame this on Bush? when?
Tuesday
05. Dec, 2011
“Frank forcing banks to make loans to poor people ” – haha. You mean the deregulation they lobbied for?
“forced AIG to sell insurance policies against these worthless pieces of paper (called Credit Default Swaps)” – forced… oi vay. Sure. The additional $226 billion they made on sub prime and mixed mortgage backed securities must’ve been tough on them. We forced them into one of their “most lucrative products.” I’m sure they had nothing to do with that. You’re right. Banks are innocent.
“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” – Thomas Jefferson
bash
05. Dec, 2011
Odd that the GOP wants to elect the Fannie and freddie “historian” who strong-armed the GOP congress into supporting the program….even after he says he knew that the housing market would collapse.
Psychobe
06. Dec, 2011
Simple: stop voting democrat. They care only about political power, and nothing for the future of America.
Cow Leg In Mode Aqua
06. Dec, 2011
No, it was Newt. It was the Republicans under the Bush crooks.
Olivia
06. Dec, 2011
They were forced to give loans to People with bad credit and were poor?
so they sent in a Obese Liberal every time someone applied for a loan and they found the loan Officer and sat on him and forced a pen in his hand and made him sign off on these loans?
ok then..makes sense.
magick
06. Dec, 2011
That statement is blatantly false . Builders and bankers lied to those people and took the up front costs knowing full well they would later foreclose .. Barney Frank didn’t force the bankers to add 15 K in closing costs to a home financed already at 100 % …
Joseph the Second
06. Dec, 2011
-Obviously “Understanding”- is NOT one of Your Strong points !!
sunrise
06. Dec, 2011
in 1999, Clinton and Greenspan deregulated the entire financial system that unleashed the entire group to make and authorize loans that were not and never would be payable. the house of cards fell. the recession followed.
hamana
06. Dec, 2011
Don’t be a sheep. They are all on the same team, fool.
LibertyL
07. Dec, 2011
Both establishment party’s are guilty of this. This is as bipartisan as it gets. It is a two party dictatorship plain and simple. Look at both parties voting records….they are the same. It’s not what they say…it’s what they do.
timetrav
07. Dec, 2011
Liberals will NEVER admit to these facts. Even Barney still thinks he did nothing wrong and still doesn’t believe he lied even though O’Reilly proved it right to his face. Some people are just totally blind to the truth.