Will they finally fire Barney Frank for failing to do something before the disaster of Fannie Mae started? ?
by Mortgage Rates on Wednesday, November 17th, 2010 | 3 Comments
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Yes they should, or he should at least fire himself, along with Rangel
Yes, Frank should be fired. I am amused that this whole mess must have been caused by Democrats. Otherwise, they would be screaming from every left wing liberal bias cable channel that it was the Republicans fault and announcing when the Senate Hearings would begin.
Dude,
The loans that tanked the US Economy were all ready booked and funded long before Barney Frank became the Chairman of the House Financial Services Committee. In 2003, the GOP controlled both houses of congress. Rep. Frank didn’t become the Chairman of the House Financial Services Committee until January 2007.
The Wall St. debacle began to surface in the 4th Qtr. of 2006. In June 2007 (2nd Qtr 2007) Several Banks – Particularly Wachovia – gave public warnings of and impending collapse.
Chairman Bernanke and Treasury Sec’y Paulsen Both testified before Congress the ‘situation’ was under control.
Sen. Phil Gramm authored the legislation that deregulated the mortgage lending business. John McCain supported and voted for the -deregulation. Bernanke, Paulsen & Bush all lied and up until 10 days ago, McCain thought the US Economy was fundamentally sound.