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DemocRats on Path to Repeat Housing Disaster

With all the attention paid to the health care battle, ACORN, and the president's "Full Ginsburg" appearances on five Sunday talk shows, few people noticed a hearing with an exceedingly boring title -- "Proposals to Enhance the Community Reinvestment Act" -- held last week in the House Financial Services Committee. But the session marked a key moment in the ongoing battle between Republicans and Democrats over what caused our current financial woes -- and how we might best avoid getting into the same trouble again.

At the hearing, and in others across Capitol Hill, Democratic majorities are pressing hard to expand some of the very policies that led to the reckless home lending that in turn helped lead to the great financial meltdown. If Chairman Barney Frank and his fellow Democrats have their way, we'll do it all again -- and more.

At issue last week was H.R. 1479, the Community R

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Added: Sep-23-2009 
By: MarkusMarone
In:
News
Tags: DemoCrats, Bwaney Fwank, Losers, Scumbag Politicians
Views: 6094 | Comments: 16 | Votes: 2 | Favorites: 3 | Shared: 0 | Updates: 0 | Times used in channels: 1
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  • Barney Frank ran a homosexual prostitution ring out of his TAX PAYER FUNDED APARTMENT in DC.

    Got BUSTED doing it.

    And now he is one of the most powerful men in the United States of America.

    Suffer you stupid American sheeple...you get everything you deserve.

    Posted Sep-23-2009 By 

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    • lmao a homosexual prostitution ring....

      You sound like some annoying evangelist who is bitter that a black man got in office.

      lmao, the "homosexual" comment just tarnished your credibility.

      Posted Sep-23-2009 By 

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    • fortunate for me that you dont have any credibility to tarnish in the first place...lol.

      so anyone who speaks against barney fwank is SOMEHOW an evangelist in your tiny little mind??

      how convenient, if you're retard.

      look, if you dont want to believe me, just do a little research...is that asking too much, or do you get all your information slurping up left wing propaganda from msnbc?

      /dismissed

      Posted Sep-23-2009 By 

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    • LMAO at the libs who protect that scumbag fairy, Bwaney Fwank. Not a shocker libs don't have a problem with their politicians running brothels out of their homes at taxpayer expense. When you don't pay any taxes, are a lazy welfare leach, and have zero morals, you say stupid shit like you just spewed. FYI, I am an atheist. LMAO at libtards and their warped sense of reality.

      Posted Sep-23-2009 By 

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    • i honeslty think he's just CLUELESS...and really thinks im full of shit and telling a lie.

      These obama boot licking cultists and peasants vote democrat for a REASON...They're retarded.

      Posted Sep-23-2009 By 

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    • He knows, he just has his panties in a twist because he probably frequented Bwaney's Bwothel on the regular before it was shut down.

      Posted Sep-23-2009 By 

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  • The dhimmicrats consciously want to rob and kill the white middle class in favor of the "damned of the Earth".

    Posted Sep-23-2009 By 

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  • They're deregulating financial markets and allowing mortgages to be bundled together as securities while simultaneously supporting derivatives unscrupulous lending activities?

    The CRA only applied to depository institutions. Something like 80% of all sub-prime mortgages were done by private companies like countrywide. Of course it's the poor people who need help with housing. It couldn't be corrupt corporations that are devoid of anything even resembling authority.

    Posted Sep-23-2009 By 

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  • You cannot repeat something that is still in progress.

    Posted Sep-23-2009 By 

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  • While it may be true regarding the percentage of influence the CRA had on the melt down, there are other related factors that drive that percentage up. Insurance giant AIG, for example, actually insured derivatives of banks and then received government bail-out funds when they turned to s**t and they had to pay out. Goldman Sachs was one of those banks and that is why they, after receiving bail-out funds also, were crowing about quarterly profits just two quarters after recing government funds w More..

    Posted Sep-23-2009 By 

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  • Why does this person still have a job ? ? ?

    Posted Sep-23-2009 By 

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    • Because his constituency is primarily Massachusetts liberal trust fund babies who could care less about things like this. He's also a flamer so the libs love him.

      Posted Sep-23-2009 By 

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  • http://tinyurl.com/5dn695

    ACORN: Who Funds the Weather Underground%u2019s Little Brother

    CAUTION to PROGRESSIVES: You must have some intelligence and understanding of English to read this report

    Posted Sep-23-2009 By 

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  • Comment of user 'rclark951' has been deleted by author (after account deletion)!