Friday, January 02nd, 2009 | Author: markross
This is a total classic… Bill O’Reilly hammering Barney Frank on the failure (and subsequent events) of Fannie Mae and Freddie Mac. In this video, Bill calls for the resignation of Barney Frank (a congressman, in below interview) Chris Dodd (a senator), and Chris Cox (The Chairman of The Securities Exchange Commission), whose job it is to protect investors… to my knowledge, both Barney Frank and Chris Dodd, are still part of The Federal government. Be forewarned, this is a very heated exchange. Mark –
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Saturday, March 7th, 2009 (url)
OK,
So why is Bill so upset?
Well, let's see, Congressman Barney Frank is The Housing Finance Chief, and overseer of government sponsored lenders, Fannie and Freddie Mac.
On July 14th, 2008 (video Bill was showing), Barnie Frank is telling us that both institutions are financially sound, then in September, the government is announcing that we are on the verge of a financial meltdown, starting with the housing lenders, Fannie and Freddie Mac.
So, according to Frank, he either had no idea that trouble was imminent, which is very hard to believe, or this will turn out to be a scam that will make Bernie Madoff look like a complete amateur.
If Barnie would be honest with us, then maybe he would still have to go, however, there would not be a cloud of suspicion still looming in the air.
Many Americans have lost a substantial amount of their wealth because of this, and the congressman can not even say, "may be I dropped the ball"? Nope, instead he continues to blame the other party, and on and on. It is scenarios like the above…Government making huge mistakes, taking little to no responsibility, persistently (bi-partisanship) blaming the other party; then in the end, The American people are seriously hurt; I could continue on, however, these reasons alone are enough for me to have a vote of zero confidence in our federal government.
Mark