Barney Frank, Fannie Mae's Herb Moses and Sarah Palin: Private Lives

Barney Frank & Fannie Mae's Herb Moses
Frank in September: Personal life on the table
Conservative Punk

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Barney's own standards allow for scrutiny of his personal life, he stated so in an Associated Press article dated September 2nd:

Rep. Barney Frank is among the first Democrats to publicly say Alaska Gov. Sarah Palin's family background, including the pregnancy of her unwed teenage daughter, should be fair game for campaign discussion.

"They're the ones that made an issue of her family," Frank, D-Mass., said Tuesday in a telephone interview with The Associated Press.

This undoubtedly opens the door to scrutiny of Frank's relationship with Fannie Mae executive Herb Moses, while he was writing legislation. If Palin's personal life as it relates to her daughter's pregnancy is fair game, Frank's personal life as it relates to defrauding the American people is fair game.

WANT more rizzuto and Conservative Punk? Try these recent posts: * CNN calls BS on Obama's Ayers narrative * New McCain Ad: Hypo * McCain goes on the offensive! Finally asks the right question of Obama.

by rizzuto
image: dbkp file
Source: Barney Frank in September: Personal life on the table

Idiot of the Week Awards: Winners, October 5 2008 Edition

Top Idiots Of The Week Awards
Week of October 5 2008
Right Bias.com

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We have a clear winner in this week's awards. By far, the biggest idiot of the week has to be:

1. Green Party presidential candidate Cynthia McKinney, who was caught on video accusing the U.S. Department of Defense of executing 5,000 prisoners Chinese-style and dumping their bodies in a Louisiana swamp. Maybe she's just off her meds.

2. Second place has to go to House Speaker Nancy Pelosi. She gave a five minute speech tearing into Republicans right before a crucial vote on the government bailout bill, where, it turns out, she could have used their votes. She lost. Moral of the story: Don't gloat before you vote.

3. Third place goes to Harvard University. They held a ceremony Thursday awarding researchers for studying fertility of exotic dancers, plant dignity, enhanced potato chip crunch, flea jumping abilities and spermicidal uses for Coca-Cola. I wonder what jobs are available with those kind of qualifications.

HONORABLE MENTION:

* Rep. Barney Frank makes this week's list for going on the O'Reilly Factor to defend the indefensible. He got a very public spanking. We can't figure out if it was idiocy or just plain old hubris.

* A Colorado teen hired men to kill his mother so he could use her money to get breast implants for his girlfriend.

* This poor idiot shot himself after being denied sex by his girlfriend. He was charged with threatening violence and firing a weapon in an occupied dwelling. He is being held on $100,000 bail.

* An amateur chef died the day after eating a "superhot" chilli in a bet with his friend over who could make the hottest dish.

* Luke Schreder thought a police officer looked like he just "needed a hug" so he ran up to him and stuck out his arms. He was arrested for assault on a peace officer, public intoxication and interference with official acts. When he gets out, he should consider going into politics.

* Two armed robbers hijacked a security van with $1.3 million inside but were forced to abandon more than half the cash because their small getaway car could not carry it all.


ECO-IDIOTS:

1. First place goes to authors of a new report which states: 'People will have to be rationed to four modest portions of meat and one litre of milk a week if the world is to avoid runaway climate change.'

2. Second place winner is a fellow who believes this junk. For the past nine months, Dave Chameides has been filling his basement with every single thing he would ordinarily recycle or toss into the trash. He's doing this in order to reduce his carbon footprint and save the world. I know I'll be sleeping easier tonight.

3. Polar bears will also be able to sleep easier thanks to the brave scientists in California who are actually testing the hearing of polar bears to try to find out whether the noises associated with melting Arctic ice could affect their ability to survive.

HONORABLE MENTION:

How could we have eco-idiots awards without mentioning Father Earth algore? Al Gore said in San Jose on Saturday that the climate crisis deserves the same type of attention and money from Washington that the financial meltdown is getting. The scary thing is, this man almost became president. Whoa baby!

From the Just Plain Nasty files:

Hustler founder, Larry Flynt has made an X-rated movie using an adult-film actress who is a dead ringer for Sarah Palin.

In an effort to leave you with a little hope for the future, we feel we should mention the following:

Alan Fishman, named CEO of Washington Mutual just 18 days before federal regulators seized it, will not accept a multimillion-dollar severance payment even if he is entitled to it, a spokesman representing him said Wednesday. Some would consider him an idiot. We don't.


by Nancy Morgan
Right Bias.com


RightBias.com publishes the Top Idiots Of The Week Awards every weekend. Feel free to forward any idiotic news you feel deserves consideration.

Bill O'Reilly Calls Barney Frank a "Coward"

Barney Frank Gets a Spanking
Right Bias.com


JUST ONE MORE DOLLAR, PLEASE.
"Send Fannie Mae more money. I promise they'll spend it wisely next time."

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Say what you will about Bill O'Reilly, but he's the only person who finally did what millions of conservatives have yearned to do. On the O'Reilly Factor last night, host Bill O'Reilly gave Rep. Barney Frank a very public spanking for "presiding over the largest financial failure of our time."

With his characteristic bulldog style, times ten, O'Reilly quoted Frank's July, 2008 statement that, despite a few problems, Fannie-Mae had a 'solid' future.' O'Reilly got increasingly agitated as he outlined how thousands of Americans took Frank at his word, only to lose big as Fannie Mae tanked shortly thereafter.

Barney Frank, consummate politician that he is, handled himself quite well, casting himself as having fought for greater regulation and reform of Fannie Mae. Rep. Frank was genuinely perplexed that Americans weren't judging him on his good intentions instead of the disastrous results of his actions, or lack of actions.


Frank held his own, using the proven tactic of attacking the messenger instead of responding to the actual issue. With a straight face, he accused Bill O'Reilly of not listening. "I didn't say Fannie Mae was a good investment," Frank stated. With that, O'Reilly went nuclear.

"Oh, stop the BS. Stop the crap," O'Reilly yelled, emphasizing his irritation with huge finger jabs. 'You're a coward." Living up to the moniker 'No Spin Zone,' O'Reilly went further, stating, "At least Christopher Cox was man enough to admit failure. Come on, be a man. Come on, you coward. You blame everyone else. You're a coward!"

Frank again tried to switch the issue to O'Reilly's lack of manners. On this point, he was somewhat correct. The confrontation indeed turned into a shout-fest, with both sides maneuvering for control of the issue. Bill O'Reilly won. Barney Frank lost.

Though this debate didn't conform to the civilized rules of debate by virtue of finger pointing, shouting and accusations, it nevertheless was long overdue. The point O'Reilly managed to convey was the utter lack of accountability assigned to the very people who were supposed to be in charge of financial oversight. Namely, Rep. Barney Frank and Sen. Chris Dodd - the very politicians who now jockey for face time after having appointed themselves the experts in charge of solving this vexing problem. After being directly responsible for causing it.

Hypocrisy is nothing new in politics, but with millions of Americans now paying the price for Barney Frank's decisions, his very public spanking was long overdue. Kudos to Bill O'Reilly and shame on Barney Frank for not 'being a man.'


by Nancy Morgan
Right Bias.com
image: reuters

Twenty-five Financial Bailout Quotes

Twenty-five Quotes about the
Financial Bailout




Twenty-five quotes about the proposed financial bailout by those involved: politicians, watchdogs, candidates and the media.



This meeting ended bad - real bad.”
--Fox News source
On the financial bailout meeting at the White House September 25, 2008



"There are disagreements over aspects of the rescue plan," he said, "but there is no disagreement that something substantial must be done. We are going to get a package passed."
--President George W. Bush
'We are going to get a package passed': Bush, September 26 2008


"I don't think a president has been repudiated so strongly by the congressional wing of his own party in a very long time now. Maybe this isn't the last word, but that's where we are now."
--Rep. Barney Frank
'We are going to get a package passed': Bush September 26 2008


"I do not regard Fannie Mae and Freddie Mac as problems. I regard them as great assets."
--Barney Frank
In response to efforts to reform Freddie Mac and Fannie Mae 2002

ALSO at DBKP: DBKP Library of Quotes OVER 30 collections of Quotes by Sarah Palin, W.F. Buckley, John Edwards Scandal, Don King, Liberals, and more.

“All of us around the table take this issue very seriously and we know we’ve got to get something done as quickly as possible."
--President Bush
Deal for Financial Bailout Disintegrates as Obama, McCain Look On



“We must protect taxpayers and limit the Treasury’s powers. We must prevent those who contributed the most to this crisis from further profiting. We must establish strong oversight with a permanent in-house watchdog and a robust external congressional monitor."
--Rep. Paul Kanjorski (D-PA)
Kanjorski asks bailout that protects taxpayers, September 25, 2008


"The top five [Sen. Christopher Dodd, Sen. John Kerry, Sen. Barack Obama, Sen. Hillary Clinton, Rep. Paul Kanjorski] received nearly one-half million dollars from the FMx2 [Freddie Mac and Fannie Mae]."
--"Contributions: Obama, Dodd and the Freddie Fannie Five"
DBKP, September 26, 2008


"CBS News found 21 former staffers from the Senate Banking, Housing and Urban Affairs and House Financial Services Committees are now lobbyists for financial firms. Their job? To lobby those in Congress who will shape the financial bailout. The former staffers now represent hedge funds, private equity firms, investment banks and the failed mortgage giants Fannie Mae and Freddie Mac."
--Who’s Lobbying Congress On The Bailout?
CBS News, September 26 2008



“There should be a three year cooling off period so former staffers do not have these intimate relationships that they exploit for large paychecks.”
--Joan Claybrook, president of Public Citizen
On former Senate staffers lobbying for Freddie Mac and Fannie Mae,
Public Citizen has actively pushed for more lobbying transparency and accountability



"He [John McCain] hasn't been involved. He doesn't know anything about it. This is a stunt. I hope people will be able to ignore it."
--Rep. Barney Frank
US Rep Frank: House, Senate Dems agree on bailout


"I think Wall Street will get over it."
--Barney Frank
On the possible collapse of Freddie Mac and Fannie Mae April 2004


"We do not support government bailouts of private institutions."
--2008 Republican Party platform

"One of the major government privileges granted to GSEs is a line of credit with the United States Treasury. According to some estimates, the line of credit may be worth over $2 billion. This explicit promise by the Treasury to bail out GSEs in times of economic difficulty helps the GSEs attract investors who are willing to settle for lower yields than they would demand in the absence of the subsidy. Thus, the line of credit distorts the allocation of capital. More importantly, the line of credit is a promise on behalf of the government to engage in a huge unconstitutional and immoral income transfer from working Americans to holders of GSE debt."
--Rep. Ron Paul
To the House Financial Services Committee, September 10, 2003

"I don't think a single call to my office on this proposal has been positive."
--Sen. Sherrod Brown (D-OH) at the Senate hearing, September 23 2008



"Mr. President, this week Fannie Mae's regulator reported that the company's quarterly reports of profit growth over the past few years were "illusions deliberately and systematically created" by the company's senior management, which resulted in a $10.6 billion accounting scandal.

If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole."
--John McCain on the Regulatory Reform Act of 2005
US Senate, May 25 2006


"It [REGULATORY REFORM ACT OF 2005] never made it out of committee. Chris Dodd, then the ranking member of the Banking Committee and now its chair, was in the middle of receiving preferential loan treatment from Countrywide Mortgage, one of the companies gaming the system in the credit crisis."
--Democrats.org September 25 2008



“It was a photo op for John McCain. … It was a rescue plan for John McCain.”
--Senate Banking Chairman Chris Dodd (D-CT)
Deal for Financial Bailout Disintegrates as Obama, McCain Look On, September 25 2008

Though Sen. Chris Dodd implied that Sen. McCain sandbagged the rest of the negotiators by bringing up alternative proposals, McCain himself did not bring up those proposals, according to four independent sources briefed by four different principals inside the meeting, including two Republicans and two Democrats.

"McCain has not attacked the Paulson deal," said a third Republican who was briefed by McCain direclty. "Unlike the [Democrats] in the [White House] meeting, he didn't raise his voice or cause a ruckus. He is urging all sides to come together."
--Marc Armbinder, The Atlantic
"What Happened In The Cabinet Room...

"People who want to be president need to be able to walk and chew gum at the same time."
--Obama Sr. Advisor Brad Woodhouse
On MSNBC, September 26 2008


"[Chistopher]Dodd,[and Barack] Obama got nearly a quarter-million dollars from Freddie, Fannie"
--Contributions: Obama, Dodd and the Freddie Fannie Five
DBKP, September 26 2008


"A week ago, Senator Obama laid out his principles."
--Obama Sr. Advisor Brad Woodhouse
On MSNBC, September 26 2008


"Barack Obama was able to appear in Washington, while his principles were in Florida."
--E.K. Clark
DBKP, September 26, 2008


"Meanwhile, Barack Obama took hundreds of thousands of dollars from the lobbyists McCain mentions in this speech, making him the #2 recipient of Fannie/Freddie money."
----Democrats.org September 25 2008

"Instead of furthering the inevitable liquidation of the maladjustments brought about by the boom during the last three years, all conceivable means have been used to prevent that readjustment from taking place; and one of these means, which has been repeatedly tried though without success, from the earliest to the most recent stages of depression, has been this deliberate policy of credit expansion. ... To combat the depression by a forced credit expansion is to attempt to cure the evil by the very means which brought it about; because we are suffering from a misdirection of production, we want to create further misdirection--a procedure that can only lead to a much more severe crisis as soon as the credit expansion comes to an end. ...It is probably to this experiment, together with the attempts to prevent liquidation once the crisis had come, that we owe the exceptional severity and duration of the depression.We must not forget that, for the last six or eight years, monetary policy all over the world has followed the advice of the stabilizers. It is high time that their influence, which has already done harm enough, should be overthrown."
--F.A. Hayek, Nobel prize winner
June 1932

"As it became clear to Paulson that Republicans weren't backing his plan, he called Sen. Lindsey Graham (R-SC) urging him to bring McCain back to Washington in order to broker a deal the GOP could get behind. As a new plan was put forth Thursday, Democrats saw this as an opportunity to undermine McCain by creating the illusion he was to blame for the negotiations breaking down.

Democrat after Democrat was sent before cameras, microphones, and tape recorders to belittle the Senator from Arizona and create the appearance that the financial bailout took a wrong turn due to his appearance at the negotiating table.

Now, with the deal seemingly dead, the Democrats are saying they're behind the Paulson plan. If it succeeds, they can take all the credit; if it dies, they can blame it completely on McCain and the Republican party."
--Noel Sheppard, NewsBusters
"AP Publishes McCain-Bashing Bailout Piece Olbermann Should Love"


compiled by Mondo