Barney Frank Will Retire From Congress

Good riddance! 5 will get you 10 he’s in jail in 3 years.

Finally some good news!

If we could get rid of more Representatives such as Barney the country might have a chance at recovery.

Billy Bob: Please stop repeating right-wing propoganda as gospel truth. If you bothered to research it only a little, you would find that more than 90% of the subprime loans that caused the financial crisis were NOT Fannie or Freddie loans nor were they CRA-related. It was the big greedy banks that caused this financial mess, not two Congressmen.

And there was much rejoicing….Yeah!

HE AND DODD SHOULD BE THROWN IN PRISION FOR THEIR ROLE IN THE FANNIE AND FREDDIE DISASTOR. POSTED BY: BILLY BOB | ****************WRONG AGAIN BILLY BOB…….Your buddy
Gingrich sat on his hands while Speaker of the House during this era (too busy making loads of money on his so called “consulting fees” to Fanny Mae LOL !!!!!! Typical NEOCON hypocrisy.

Now he’ll be free to expose the soft underbelly of the Newt/Freddiemac/Fanniemac fiasco. Maybe a few other players as well.

Not a surprise.

Someone’s heading for a lobby job.

One less corrupted SOB to worry about.

Apparently there are quite a few commentors that need to do more research into what and who ACTUALLY caused the financial mess we have today. Time for y’all to go back and practice those research techniques you were supposed to learn in high school. Oh, and do your own work; don’t rely on right-wing or left-wing propoganda to inform you of ANYTHING!

He served thirty years too long for the good of the country……

Guess Barney is too tired to stick around and clean up the mess he has had a part in creating.

He shouldn’t be allowed to retire. He should be Impeached, prosecuted and EXECUTED along with many of his friends.

“LOL! Let the Republican hate fest commence! The Right Wing sure has become nasty in its dotage………….”Posted by: Searambler | November 28, 2011, 11:56 am 11:56 am

LOL! Searambler. You must be the pot…

Better retire before the Fannie & Freddie mess catch up with you. Good riddance.

Oh look, an entire string of uninformed people that think Barney alone sunk the economy. Fox much people?

Oh look, an entire string of uninformed people that think Barney alone sunk the economy. Fox much people? Posted by: lexingtonlady | November 28, 2011, 12:19 pm 12:19 pm

REALLY?? Learn to read. Nobdy said that. But he is a HUGE part of the problem and should have been gone long ago. MSNBC much? Moron.

Way to show the right in a fab light South Girl. Calling people moron’s (read the first post) is so classy.

so, what scandal is about to surface involving him? or, is he getting the inside boot because of his coziness with fannie mae and recent dirt being dished on gingrich’s ties to fannie mae? considering frank’s tenure and position of authority, if it’s not a scandal, he must have some yet-unnannounced medical condition. he’s too entrenced and too arrogant (like the rest of them) to step down freely and voluntarily.

Look people, President Bush GREATLY promoted an ownership society and pushed constant policy to promote it. Want proof? Look on the HUD website at the old press releases starting in 2000 where they speak of all they do and those fantastic numbers. It is a complete myth that this housing crisis was all because of Frank and Dodd. That is Fox bunk.

Good to see the person responsible for the Fannie and Freddie disaster finally getting the heck out of Dodge.

Great job Barney…keep the pressure on til the very end and please reconsider staying in office….we need your elk on the hill.

lexingtonlady, saying barney frank was a key player in the fannie mae scandal in no way places the blame squarely on him. nor does it dilute his culpability. the ’08 collapse was the result of an evil and corrupt bargain between wall street AND washington, and it just so happens that guys like frank and dodd were the washington enablers of fannie mae…and that’s squarely on them, who not only worked to aid fannie mae, but also secured sweetheart deals and jobs for themselves and their families either in cutrate loans underwritten by fannie mae/freddie mac or employment at fannie mae. to be sure, there were plenty of republicans in bed with the beast as well. the best book on the financial collapse of ’08 yet published is called “reckless endangerment” and it’s written by a new york times columnist, so it’s not like it’s written by some limbaugh accolyte. the book is exhaustively researched and very well written and gores every ox to be gored, regardless of poltical party or ideology. barney frank had his arm up to the elbow in the fannie mae cookie jar, and it’s not even debatable at this time. as for others involved, many may be suprised to know that the head bum at fannie mae (james johnson) who was probably the single-most culpable person in the entire subprime debacle (and who escaped relatively unscathed by leaving the mess for franklin raines to get hammered after taking a gazillion in severance) has just last week been linked to another of the failed green energy companies that received tens of millions in guaranteed loans from the government and then went belly up. fannie mae has spawned all sorts of economic and political chaos over the last 20 years and it was one of the major reasons our economy collapsed 3 years ago, albeit only one of many institutions leading to the collapse. and the very people that fannie mae claimed to be fighting for (lower income americans) are the ones who have been losing everything ever since the collapse. fannie mae is the modern poster child example of government gone wild. to be sure, it was government gone wild on a drunken binge with their wall street drinking buddy, but fannie mae was getting trashed at the bar along with goldman sachs, countrywide financial, and the rest of them. and guys like barney frank and chris dodd (who got one of the “friends of anthony” mozillo low-interest rate mortgages even though he claimed he thought nothing odd about him being able to call the company president on his personal line to get loan information…you know, because everyone else calls the president of the mortgage company to get a loan, right?) were right in the thick of it. how people hold them up as heroes is laughable…they were two of the biggest scoundrels in the whole mess.

Lexington”lady” – I did read the first post. It doesn’t blame him entirely. If it did, it would say “only” reason, not “main” reason and would not mention Dodd. And inferring that we have to get everything from Fox News is the very same thing as calling names. So way to show the left in such a “fab light.” LOL. I just can’t think of ANTYHING short of “Moron” for someone who would take up for a slimeball like Barney Frank.

Good. I think all congressmen should be limited to two terms, just like the president, so I get annoyed by these career politicians who get into office and cling to their office, unwilling to let go and let new people in. After 30 years, I’d say it’s time to give someone else a shot. Now, if only the other old-timers from both parties would do the same.

I just can’t think of ANTYHING short of “Moron” for someone who would take up for a slimeball like Barney Frank.

POSTED BY: SOUTHERNGRL100 | NOVEMBER 28, 2011, 1:02 PM——Amen to that

Sad to read all the posts fro the racists.

Look, I know most of you have issues with comprehension, but try to follow along here. I did not take up for Barney Frank. I said you people don’t ever know facts because you watch Fox. I accused you of not remotely understanding what happened to our economy. Considering I’ve listened to Frank and Dodd ranting for the past three years I do believe I’m onto something.

Sad to read all the posts fro the racists.

POSTED BY: HUMPHREY | NOVEMBER 28, 2011, 1:15 PM ====Whats sad is that you don’t know the definition of racism

“Look, I know most of you have issues with comprehension, but try to follow along here. I did not take up for Barney Frank.” ————– No you just took offense to the fact that people are rejoicing at the fact that this obnoxious, overbearing crook is hitting the door. He’s out of here…..yes!!!! Happy, happy day. BTW, why do you think you are superior to everyone else?

Happy to see this sleazeball leave. And for his loving defenders who follow rachel maddow, he is from my state! Sounds like a lot of ignorance out there.

EX-DEM – You’re exactly what I speak of. You still believe the republicans wanted to reform it when they were on the other side of that one. Maybe at some point you’ll grasp the thing they refer to had to do with pay structure on paying the CEO a bonus – i.e. bookkeeping. NOTHING to do with buying loans.

Thank you Lord, that’s a good start…

Now if the incompetent one would only follow the suit of his mentor, maybe we as a country could start straightening the mess these inept politicians have created useing our money.

LOL! Scrambled, your incompetent leader has used car salesman honors with awards. Try again….

The end of liberalism. How sad. Tell old Barney to take Harry Reed and Nancy Polesi with him.

Barney a Dodd were warned on Fannie and Freddy.His words at the time were”lets roll the dice and see what happens”. Kinda like Pelosi, “pass it now and read it latter”. Where do you ;ibs come up with these idiots? Hopefully Pelosi and Reid will soon join them.

Welcome to the inverse fascist state. It has everything to do with two political parties owned by corporations and very little to do with the American taxpayer other than to unconsciously launder the cash. Typically, they divide and conquer by using social issues and pointless stories as a distracter. They divide the electorate with contradictory “facts,” playing us, the voters, off against one another. They create a psychological mechanism by which we become angry with one party and elect the other. In reality, both always remain in power. We fund their revolving door. They will rob us of our tax dollars until the country falls by the way side. Once you and I fall into revolution, killing one another over food, air, water and some form of money, they will retreat into their mansions high upon the hill. Please stop voting for these two corrupt parties.

“Asked what sort of legacy he hoped to leave behind in Congress, Frank said that “people should leave their legacies to other people to describe,” but admitted that his coming out will likely highlight his career.”—-That’s his idea of a legacy for all the years he was in Congress?! We will be suffering from his real “legacy” forever. He and Dodd were a financial disaster for this country. I bet he would run if he really believed he could win. All we ever hear from the left is “racist” and “bigot.” Ho hum, a different opinion is neither. Are these people stuck in the 7th grade?

Searambler, calling people “Teabagger” is pretty perverted. Posted by: southerngrl100 | November 28, 2011, 2:03 pm.
“It is? Why is that?”Posted by: Searambler | November 28, 2011, 2:39 pm 2:39 pm

Playing dumb must be your only defense. Or maybe you’re not playing. Google is your friend. Like I said, and I will repeat if for you so maybe you will get it. If you are going to go around using the term “Teabagger” or “Tea Bagger”, don’t call other people pervs. It’s pretty simple, well, maybe not for you.

southerngrl100 | November 28, 2011, 2:58 pm post ——————– LOL! Leave it to the Right Wing to select a name that lends itself to such an obviously negative term. You people slay me. Your anti-gay agenda is well known and documented, yet NO ONE bothered to do a little research before choosing the acronym T.E.A. for the Koch brothers political extension of the Republican Party? Calling Tea Party people “Teabaggers” is a very natural extension of the term, much more so than Tea Partiers. Tea Partiers doesn’t flow off the tongue like Teabaggers does. (Ooops. Well, you know what I mean.) Golly, I guess this means my language is as degenerate as the Tea Baggers themselves! Oh no! Bwahahahahahahahaha!

Besides, it’s what they did to Bush.

“southerngrl100 | November 28, 2011, 2:58 pm post ——————– LOL! Leave it to the Right Wing to select a name that lends itself to such an obviously negative term. You people slay me. Your anti-gay agenda is well known and documented, yet NO ONE bothered to do a little research before choosing the acronym T.E.A. for the Koch brothers political extension of the Republican Party? Calling Tea Party people “Teabaggers” is a very natural extension of the term, much more so than Tea Partiers. Tea Partiers doesn’t flow off the tongue like Teabaggers does. (Ooops. Well, you know what I mean.) Golly, I guess this means my language is as degenerate as the Tea Baggers themselves! Oh no! Bwahahahahahahahaha!” Posted by: Searambler | November 28, 2011, 3:12 pm 3:12 pm

REAL mature. The Tea Party was chosen in reference to the Boston Tea Party. The derogatory term was added by lefties who are accustomed to spewing filth because, well, it’s the only ammunition they (you) know how to fight with. Have a nice day and come back when you’ve grown up a little bit.

Tank gwad!

Tom B | November 28, 2011, 3:31 pm………………..Barney Franks survived and was reelected because of his support of gay rights, gay marriage, legalizing medical marijuana, and a variety of other liberal causes which his constituency supported. Accusing the media is ridiculous. And you’re right, this story doesn’t address the many scandals in which he has been accused, ridiculed, and admonished. Nevertheless, despite his bad behavior, his constituents “easily” reelected him time and time again. That’s the definition of democracy. The right of a group of people to be represented in Congress by someone that shares their values and ideals. That doesn’t make it right – or wrong. It’s merely a reflection of the diversity that exists in this country. Our forefathers knew that building a foundation for a great nation would require that people respect the rights of others, even when they don’t agree with them.

Most of you on this message board sure have a crush on ole Barney. That would explain the reason for all the hateful messages

FOR THEIR ROLE IN THE FANNIE AND FREDDIE DISASTOR. —says the man who can’t spell. What Fannie and Freddie’ disaster? Have to say, you right wingers are so void of facts. Fannie and Freddie BOUGHT bad securities that were backed by bad loans. Did Fannie and Freddie MAKE those loans????no. Did Fannie and Freddie make those mortgages? No. Did you not know this? Those loans were made by PRIVATE MORTGAGE firms, and backed by PRIVATE rating agencies and bundled by PRIVATE HEDGE FUND companies. F&F BOUGHT THEM. period. bought WAY too many of them, and when those mortgages went bust, so did F&F. What ROLE DID F&F play???????? buying securities and believing their AAA rating. In this fact free bubble of right wing-land, what do you imagine F&F did????? Because in REALITY, they did what many others did and what foreign governments did, and so many others did, buy too many ‘securities’ and believe they would go up in price and held onto too little cash and/or lower risk investments. What crime do you imagine F&F did??????? After democrats got in midterms, Frank went in front of congress and WARNED That there were going to be alot of default,he held hearings on Predatorial Lending Practices and he PREDICTED those PRIVATELY held mortgages were going to default en mass and when they do, it will go to crap. Funny thing about right wingers, you never have even so much of a grain of truth. Frank WARNED of the meltdown and he wasAGAINST the lending practices that lead to it, and Fannie did NOT MAKE the loans, they bought the securities like EVERYONE ELSE DID!!!!!! Just like the wingers on here saying they dont believe global warming because….and then they list pure made up crap. DO you people ever live in the real world???

You said “TEA is an acronym for Taxed Enough Already” ——– This was just ONE of the acronyms picked up on by certain Tea Party groups…. you guys still keep talking like it is a national organization with a set agenda and platform… it was never that initially.. and really not that now!! —- The movement really started early in 2009 as a direct result of the overreach of the Dems in congress… aligning with the way Obamacare was laughably arm-twisted, crammed, and bribed through congress… and then Rick Santelli used the phrase on CNBC… “We’re thinking of having a Chicago Tea Party in July! All you capitalists that want to show up at Lake Michigan, I’m going to start organizing.” ——– The movement has morphed, but to call it named after “taxed enough already” is just wrong!!

Finally some good news. Why people in the sorry state of Massachusetts voted this clown in for 16 terms is beyond me. What are those people smoking in that state? Kennedy, Dodd, Frank. Come on people!!!

Its a start but we need the rest of his liberal buddies to step downt that have ruined this country.

didn’t Fannie Mae and Freddie Mac sell loans to Goldman Sachs——-NOOOOOOOO!!!!!!!!!!!!!!!! in fact NOBODY sold loans to Goldman sacs! Don’t you know what happeend yet??? It’s only been two years for you to catch up! PRIVATE MORTAGE FIRMS who had NO RESTIRCTIONS (unlike Fannie and Freddie who DID have restirction from government regulations) made bad loans, knew they were bad, and got ratings agencies they were in bed with to give those loans good ratings. INVESTMENT HEDGE FUND and INVESTMENT BANKS BOUGHT The loans from PRIVATE MORTAGE FIRMS and packaged them up as ‘securities’ backed by these mortages. They were rated, by sleezy lying ratings agencies to give them AAA ratings. Then, F&F BOUGHT THESE SECURITIES !!!!! En mass!!!!! TONS of them, and became overleveraged, too much risk, not enough capital to cover their own loans WHICH WERE GOOD!!! Oh yes! F&F loans were GOOD! Thier INVESTMENTS were crap! They simply BOUGHT bad securities backed by bad loans. Google “Business Week FAnnie and Freddie were victims, not culprits” to get the numbers. F&F DID NOT MAKE THOSE BAD LOANS AND WHAT WAS SOLD TO GOLDMAN WAS SECURITIES back by the bad loans made by PRIVATE FIRMS!!!! THe hedge funds, the brokerage houses who made the securities knew they were bad. THAT is what occupy wallstreet it about becuase all those men who did that ARE RICH RICH RICH RICH and pay 15% tax and have never been punished because what thye did is legal thanks to republicans who keep killing any legislation that tries to make what they did illegal. FACT. LOOK IT UP!

After he caused the mortgage meltdown, he should be serving 20 to life, in prison!
To bad Obama did not resign as well, the country would be dancing in the streets today!

Once again I find myself educating the ignorant. TEA is an acronym for Taxed Enough Already–spare us. You named yourself for the Boston Tea Party and thought the Boston Tea Party was about taxes, your leaders were on the news, on tv CONSTANTLY comparing you, the party of the clueless, to the boston tea party patriots, you morons, and not until the liberals brought up the point that, uhhh, actually, the Boston Tea Party was about representation of the colonies in Parlament – taxation WITHOUT representation did this back peddling start. Spare us. YOU are not worthy of the name you tried to sleeze off those men from Boston.

“Maxine Waters is in line to take Barney Frank’s position on the Financial Services Committee.” – newcountryman

Good Lord!
Is that the best the Demos have?
Y I K E S !
Maxine can’t understand a cake recipe let alone basic economics.

JFK is rolling in his grave.

“Once again I find myself educating the ignorant.”
Posted by: GrannyNosBest | November 28, 2011, 11:26 pm 11:26 pm

Don’t flatter yourself Granny, you might get a nose bleed! Your pal Barney Frank, was the
master mind of the mortgage meltdown, he even admitted it on camera! The liberal Democrats
house of cards is about to fall, what a shame they had to ruin the whole country in the process!

He knows he can not win so why not go to work for Freddie or Fannie now.

Thank you God but it should have happened in 1989 when he had a gay prostitute sex-for-hire ring in his home. Now he can do what he knows best.

GrannyNosBest ——— Barney Frank is the former chairman of the House Financial Services Committee (2007–2011). HFSC is the committee of the United States House of Representatives that oversees the entire financial services industry, including the securities, insurance, banking, and housing industries. It was his responsibility to take action and, under his tenure, we saw a very deep recession. IF he was as smart as you believe, would he not have seen the signs of the recession and taken action earlier? He was the chairman residing over all the problems in our system and did not take action. F&F should have been screening anything they bought to ensure they were not bogus, but they didn’t and are going to cost us hundreds of billions. While Franks wasn’t at fault for the whole problem, he certainly had the power to actually do something before the big fall.

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