Bankers Get $4 Trillion Gift From Barney Frank

[Arraya]

Excellent, Russ, thanks

This last aspect means, for me, supporting any cultural and economic revolution that moves clearly toward a free, international, classless world.

http://www.youtube.com/watch?v=IS6v0rK5W2Q

[briansd1]

[quote=CA renter] Risk management was severely lacking at the GSEs and Barney Frank was most certainly part of the problem.
————

Falcon was the chief regulator attempting to bring order to the houses of Fannie Mae and Freddie Mac during the first four years of this decade, and had he been listened to, a significant part of the housing crisis could have been mitigated. Instead his agency was denied serious regulatory power by Democrats in Congress including liberals such as Reps. Barney Frank and Maxine Waters, both of whom assumed he was undermining public support for more affordable housing.

http://www.huffingtonpost.com/robert-scheer/the-whistleblower-they-ig_b_536789.html
—————–
[/quote]

CA renter,

The quote you posted is interesting.

So Armando Falcon wanted more regulation of the GSEs.

But as Barry Ritholtz pointed “Fannie has been around since 1938, Freddie since 1968”. I find it hard to beleive that the regulatory framework that worked for so long already became suddenly inadequate.

If the regulations were inadequate, Falcon should have communicated with his superiors in the Executive branch. President Bush would have then gone to Congress asking for more regulation.

How did Barney Frank weaken existing GSE regulations?

[briansd1]

[quote=CA renter] Risk management was severely lacking at the GSEs and Barney Frank was most certainly part of the problem.
————

Falcon was the chief regulator attempting to bring order to the houses of Fannie Mae and Freddie Mac during the first four years of this decade, and had he been listened to, a significant part of the housing crisis could have been mitigated. Instead his agency was denied serious regulatory power by Democrats in Congress including liberals such as Reps. Barney Frank and Maxine Waters, both of whom assumed he was undermining public support for more affordable housing.

http://www.huffingtonpost.com/robert-scheer/the-whistleblower-they-ig_b_536789.html
—————–
[/quote]

CA renter,

The quote you posted is interesting.

So Armando Falcon wanted more regulation of the GSEs.

But as Barry Ritholtz pointed “Fannie has been around since 1938, Freddie since 1968”. I find it hard to beleive that the regulatory framework that worked for so long already became suddenly inadequate.

If the regulations were inadequate, Falcon should have communicated with his superiors in the Executive branch. President Bush would have then gone to Congress asking for more regulation.

How did Barney Frank weaken existing GSE regulations?

[briansd1]

[quote=CA renter] Risk management was severely lacking at the GSEs and Barney Frank was most certainly part of the problem.
————

Falcon was the chief regulator attempting to bring order to the houses of Fannie Mae and Freddie Mac during the first four years of this decade, and had he been listened to, a significant part of the housing crisis could have been mitigated. Instead his agency was denied serious regulatory power by Democrats in Congress including liberals such as Reps. Barney Frank and Maxine Waters, both of whom assumed he was undermining public support for more affordable housing.

http://www.huffingtonpost.com/robert-scheer/the-whistleblower-they-ig_b_536789.html
—————–
[/quote]

CA renter,

The quote you posted is interesting.

So Armando Falcon wanted more regulation of the GSEs.

But as Barry Ritholtz pointed “Fannie has been around since 1938, Freddie since 1968”. I find it hard to beleive that the regulatory framework that worked for so long already became suddenly inadequate.

If the regulations were inadequate, Falcon should have communicated with his superiors in the Executive branch. President Bush would have then gone to Congress asking for more regulation.

How did Barney Frank weaken existing GSE regulations?

[briansd1]

[quote=CA renter] Risk management was severely lacking at the GSEs and Barney Frank was most certainly part of the problem.
————

Falcon was the chief regulator attempting to bring order to the houses of Fannie Mae and Freddie Mac during the first four years of this decade, and had he been listened to, a significant part of the housing crisis could have been mitigated. Instead his agency was denied serious regulatory power by Democrats in Congress including liberals such as Reps. Barney Frank and Maxine Waters, both of whom assumed he was undermining public support for more affordable housing.

http://www.huffingtonpost.com/robert-scheer/the-whistleblower-they-ig_b_536789.html
—————–
[/quote]

CA renter,

The quote you posted is interesting.

So Armando Falcon wanted more regulation of the GSEs.

But as Barry Ritholtz pointed “Fannie has been around since 1938, Freddie since 1968”. I find it hard to beleive that the regulatory framework that worked for so long already became suddenly inadequate.

If the regulations were inadequate, Falcon should have communicated with his superiors in the Executive branch. President Bush would have then gone to Congress asking for more regulation.

How did Barney Frank weaken existing GSE regulations?

[briansd1]

[quote=CA renter] Risk management was severely lacking at the GSEs and Barney Frank was most certainly part of the problem.
————

Falcon was the chief regulator attempting to bring order to the houses of Fannie Mae and Freddie Mac during the first four years of this decade, and had he been listened to, a significant part of the housing crisis could have been mitigated. Instead his agency was denied serious regulatory power by Democrats in Congress including liberals such as Reps. Barney Frank and Maxine Waters, both of whom assumed he was undermining public support for more affordable housing.

http://www.huffingtonpost.com/robert-scheer/the-whistleblower-they-ig_b_536789.html
—————–
[/quote]

CA renter,

The quote you posted is interesting.

So Armando Falcon wanted more regulation of the GSEs.

But as Barry Ritholtz pointed “Fannie has been around since 1938, Freddie since 1968”. I find it hard to beleive that the regulatory framework that worked for so long already became suddenly inadequate.

If the regulations were inadequate, Falcon should have communicated with his superiors in the Executive branch. President Bush would have then gone to Congress asking for more regulation.

How did Barney Frank weaken existing GSE regulations?

[briansd1]

[quote=Arraya]Excellent, Russ, thanks

This last aspect means, for me, supporting any cultural and economic revolution that moves clearly toward a free, international, classless world.

[/quote]

And where does that exist?

Have you been to Thailand? Over there there’s a veneer of Buddhist harmony, but as the riots of the late indicate, there’s plenty of class conflict.

I still love Thailand.

[briansd1]

[quote=Arraya]Excellent, Russ, thanks

This last aspect means, for me, supporting any cultural and economic revolution that moves clearly toward a free, international, classless world.

[/quote]

And where does that exist?

Have you been to Thailand? Over there there’s a veneer of Buddhist harmony, but as the riots of the late indicate, there’s plenty of class conflict.

I still love Thailand.

[briansd1]

[quote=Arraya]Excellent, Russ, thanks

This last aspect means, for me, supporting any cultural and economic revolution that moves clearly toward a free, international, classless world.

[/quote]

And where does that exist?

Have you been to Thailand? Over there there’s a veneer of Buddhist harmony, but as the riots of the late indicate, there’s plenty of class conflict.

I still love Thailand.

[briansd1]

[quote=Arraya]Excellent, Russ, thanks

This last aspect means, for me, supporting any cultural and economic revolution that moves clearly toward a free, international, classless world.

[/quote]

And where does that exist?

Have you been to Thailand? Over there there’s a veneer of Buddhist harmony, but as the riots of the late indicate, there’s plenty of class conflict.

I still love Thailand.

[briansd1]

[quote=Arraya]Excellent, Russ, thanks

This last aspect means, for me, supporting any cultural and economic revolution that moves clearly toward a free, international, classless world.

[/quote]

And where does that exist?

Have you been to Thailand? Over there there’s a veneer of Buddhist harmony, but as the riots of the late indicate, there’s plenty of class conflict.

I still love Thailand.

[SD Realtor]

I wasnt talking about Rand Paul, I was talking about Ron Paul.

As it is the prevailing mentality is well everyone sucks but these guys suck a little bit less so I will vote for them then we are truly doomed to have no real change and we get to discuss how we like our presidents remodel of the office.

Sounds fantastic.

[SD Realtor]

I wasnt talking about Rand Paul, I was talking about Ron Paul.

As it is the prevailing mentality is well everyone sucks but these guys suck a little bit less so I will vote for them then we are truly doomed to have no real change and we get to discuss how we like our presidents remodel of the office.

Sounds fantastic.

[SD Realtor]

I wasnt talking about Rand Paul, I was talking about Ron Paul.

As it is the prevailing mentality is well everyone sucks but these guys suck a little bit less so I will vote for them then we are truly doomed to have no real change and we get to discuss how we like our presidents remodel of the office.

Sounds fantastic.

[SD Realtor]

I wasnt talking about Rand Paul, I was talking about Ron Paul.

As it is the prevailing mentality is well everyone sucks but these guys suck a little bit less so I will vote for them then we are truly doomed to have no real change and we get to discuss how we like our presidents remodel of the office.

Sounds fantastic.

[Author]

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