Comments on: Barney Frank On Bailouts, Welfare

Tells 60 Minutes An Auto Industry Bailout Would Help People, Not Companies

[pjdarling12]

Just another bag of wind. He can''t answer a question so he blusters and changes the subject.

[clovisbuford]

apparently was caused by the collection world''''s most brilliant Liberal minds that we now have running the show in Washington? A Queer idea but makes sense.
Posted by pepperwood2 at 06:48 PM : Dec 15, 2008"
you are so right we havent had a republican president for 8 yrs with his treaury secretary , we didnt have a republican run house from 1994 till jan 2007 . Republicans have been pushing deregulation and the idea that if government stayed out of the way of the financial buisineess they would police themselves . we didnt have a fed chief (greenspan ) who supported by dem s andas well as republicans opposed any form of regulkartion over the derivatives markets or the credit default swaps . We diidnt have a texa senator (r) phil gramm who passed the gramm leach bliely act of 199 that essentially did away with teh fire wall protectiuon against banks and securities dealeres , the casey stagal act . That same senator who went onto become mccain''s chief financial advisor slipped the commoditities futures modernization act in , which not only led to the enron disaster , and the derivatives market this same senator who said the american public was imagining a financial disaster and had become a nation of whiners ,who knew those whiners would turn out to be conservatives trying to rewrite history and their own parties place in it . You are welcome to your intrepetation of the facts ,but not the fact themselves.

[texasamazons]

This is ridiculous! Why would you sugar coat a man that has lied and cheated this country to the extent he has? I know 60 minutes has a very intelligent and over the top information team; why? We waited for this segment all week, thinking the staff of 60 minuted would grill this liar; we were very disappointed to see what happened! Shame on you! Get your watch dogs out there and do the research....

[pepperwood2]

This is amazing! The economic meltdown that is taking place in banking, auto, housing, mortagage, energy & etc. apparently was caused by the collection world''s most brilliant Liberal minds that we now have running the show in Washington? A Queer idea but makes sense.

[kentmhall1]

Boy, What a PUFF piece of Barnie (fife) Frank. You tryed to ask him one tough question and you let him dodge it. Barnie and Chris Dodd are the two people that are in charge of finance overcite and they let the mortgage mess happed and you didn''t ask him ONE question on that subject. THAT in NOT good TV.

[timothyone-2009]

Barney Frank makes for an easy target for the hate-fueled right-wing Republicans who are an entirely owned subsidiary of American big business and it''s super-rich stockholders, who use corrupt, greedy preachers to mislead religiously disabled voters who are crippled by ignorance to the point to think that the Republicans would actually ever put an end to the abortions of black and brown Americans, even after years of complete Rethuglican rule in the big house, the Congress, aaaand the Supremes, even after many, many years of total Republican control in Washington! BushCo proved beyond any doubt that most Americans are just plain stupid and too greedy to use the little sense they have.

[timothyone-2009]

The right would love to have a clear-minded and brilliant man like Barney fighting for their side, but they are forced to continue in their public attacks on the man by the the nut-case religious loonies in their party who hate ***. Barney Frank is a great American who will be remembered as such, long after 99.999% of today''s Rethug party is forgotten or despised as traitors.

[caine47]

Barney Frank and Chris Dodd ought to be in jail, let alone have anything to do with any bailout negotiations, let alone be in office. These guys were the primary instigators of the mortgage meltdown. Stahl should have been all over Frank like a cheap suit, instead of pandering to this incompetent jerk.

[jtom58]

Ace,
Barney has been chairman for how many years now? And where has that gotten us. It was only last summer that he was saying how good everything was. When he knew, or should have known, that it just wastn''t so.

If you can''t understand the meaning behind the elipsis, then perhaps you should go to a remedial BB.

[ronffg]

Lesley: Shame on you for letting yourself be talked down to from a bully blowhard like that. Your condescending attitude to Barney Frank was an embarrassment. And I thought you were a hard hitting journalist. How dissapointing.

[guysdigdirt]

This guy is so smart, he let the loophole in the bailout that will let executives get big fat checks. ...

Posted by hitoyou11 at 12:29 PM : Dec 15, 2008

Bush insisted on the loophole (probably or veto), perhaps you should blame the proper person --
Posted by misha128

Actualy Einstein, if you go to Youtube you will see many videos of Bush and others asking this moron if Freddie and Fannie were going down the wrong path, back in 2002. Frank said there was no problem.

Clinton was the one who told Freddie and Fannie to do the illegitimate things they did too.

[ronffg]

having been in the mortgage business for 20+yrs, freddie and fannie were really a small piece of the subprime/alt a/nina/ other crummy loans which are the problem. Wall street purchased 100% of those loans to make mortgage backed securities to be sold to investors (banks, ins co''s, pensions). Mr. Big mouth and his committee should have regulated those along with the SEC. They KNEW that those loan programs were severely faulted.

[misha128-2009]

This guy is so smart, he let the loophole in the bailout that will let executives get big fat checks. ...

Posted by hitoyou11 at 12:29 PM : Dec 15, 2008

Bush insisted on the loophole (probably or veto), perhaps you should blame the proper person --

[louiville2]

Barney Frank: Come here little boy I have some nice welfare candy, now sit on my lap.

[jtom58]

The right would love to have a clear-minded and brilliant man like Barney fighting for their side, but they are forced to continue in their public attacks on the man by the the nut-case religious loonies in their party who hate ***. Barney Frank is a great American who will be remembered as such, long after 99.999% of today''''s Rethug party is forgotten or despised as traitors.

Tim, you have some real anger issues. Perhaps you should seek some professional help. I''m sure you will feel better if you did. I know that not seeing your lunatic ravings will make me feel better.

[jtom58]

It was truly amazing to see Lesley Stahl getting run over by this thug and she was perfectly happy having it done. I guess that she and the rest of CBS is so enamored by this fellow, they don''t care.

It is hard to have any respect for someone who will not take ANY responsibility for the mortgage crisis when it was on his watch. Others (dems and repubs) have at various times admitted to not addressing the issue earlier. But not good old Barney. Nope, he can do no wrong. And if you ask him about it, he turns it around to avoid the embarrassment or worst, makes fun of the questioner. Isn''t he supposed to work for the people and not run over them?

[timothyone-2009]

The right would love to have a clear-minded and brilliant man like Barney fighting for their side, but they are forced to continue in their public attacks on the man by the the nut-case religious loonies in their party who hate ***. Barney Frank is a great American who will be remembered as such, long after 99.999% of today''s Rethug party is forgotten or despised as traitors.

[boiid]

Whether right or left if it''s truth we want we need to go back to the Carter administration when the directive was given to make it easier for low income people to own housing. The rules were relaxed even more during the Clinton administration. The Bush administration did not aggressively try to stop the hemmorage though President Bush and several legistrators proposed and introduced legislation to regulate Freddie Mac and Fannie Mae. These attempts were killed by none other than Congressman Frank and Senator Dodd and never came to the floor for a vote. If it''s truth you want, it''s in the record.

[havasuaz1]

Why is it that when Conservatives try to blame someone for the mortgage crisis, they conveniently leave out Newt Gingrich who was a 6 figure lobbyist for dergulation for Freddie Mac. Oh yea, they get their news from fair and balanced places.

[ronffg]

Barney Frank is an egotistical, arrogant, blowhard. He was described as "the smartest guy in congress" which may be true in that he appears to have most people in his constituency and the country snowed as to his culpabiltiy in the mortgage crisis. If he isn''t responsible for regulating and restraining the out of control mortgage industy, then who is?