August 2006 Weddings
Dear Community,

Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.

If you have questions about this, please email help@theknot.com.

Thank you.

Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.

Barney Frank cries racism

Yeah, this is really productive. No

http://www.breitbart.com/article.php?id=D93LAKT01&show_article=1

BOSTON (AP) - Rep. Barney Frank said Monday that Republican criticism of Democrats over the nation's housing crisis is a veiled attack on the poor that's racially motivated.

The Massachusetts Democrat, chairman of the House Financial Services Committee, said the GOP is appealing to its base by blaming the country's mortgage foreclosure problem on efforts to expand affordable housing through the Community Reinvestment Act.

He said that blame is misplaced, because those loans are issued by regulated institutions, while far more foreclosures were triggered by high-cost loans made by unregulated entities.

"They get to take things out on poor people," Frank said at a mortgage foreclosure symposium in Boston. "Let's be honest: The fact that some of the poor people are black doesn't hurt them either, from their standpoint. This is an effort, I believe, to appeal to a kind of anger in people."

Frank also dismissed charges the Democrats failed on their own or blocked Republican efforts to rein in the mortgage companies Fannie Mae and Freddie Mac. The federal government recently took control of both entities.

House Minority Leader John Boehner of Ohio called Frank's remarks "a lame, desperate attempt to divert Americans' attention away from the Democratic party's obstruction of reforms that would have reined in Fannie Mae and Freddie Mac and helped our nation avoid this economic crisis."

"Congressman Frank should retract his ridiculous statements and start taking responsibility for the role he and other top Democrats played in putting Main Street Americans in this mess," Boehner said.

Frank said Republicans controlled Congress for 12 years and passed no regulation, while Democrats passed a Bush administration Fannie and Freddie regulation package since gaining control of the House and Senate in January 1997.

"If I could have stopped a Republican bill during the Bush years, I would have started with the war in Iraq. Then I would have gone to the Patriot Act. Then I would have gone on to the hundreds of millions in tax cuts," said Frank, to applause from the audience.

The longtime congressman is being challenged this fall by both Republican and independent candidates. He has been criticized in his liberal district for being one of the leaders of congressional efforts last week to win approval of a $700 billion Wall Street bailout plan.

Re: Barney Frank cries racism

  • I think there's probably an element of truth to what he's saying, but IMO, he's pretty much completely discredited himself in this entire debacle and needs to keep his mouth shut unless it's to apologize for and/or admit that he was completely wrong about this several years ago.
    "I
  • imagetalltalltrees:
    I think there's probably an element of truth to what he's saying, but IMO, he's pretty much completely discredited himself in this entire debacle and needs to keep his mouth shut unless it's to apologize for and/or admit that he was completely wrong about this several years ago.

     Ditto as usual.
     

    "HOW many US citizens and ranchers have been decapitated in Arizona by roving bands of paperless aliens, and how will a requirement that I have papers on me make that not happen?"courtesy of SueSue
  • Step 1: deflect

    Step 2: attack

    Barney Frank is exhibit A of what's wrong with gov't as it relates to this economic crisis. Everything he says from this point forward is calculated to save his ass.

Sign In or Register to comment.
Choose Another Board
Search Boards