Tag Archives: Barney Frank

Obama lies, Mortgage crisis, Unemployment, December 14, 2009, Obama Bankers meeting, ACORN, Democrats, Barney Frank, Maxine Waters, Fannie Mae, Freddie Mac, Obama ACORN and Democrats caused housing and jobs crisis

“ACORN’s alliance with the Democratic Party is at the root of the current financial meltdown. And Barack Obama has stayed true to ACORN’s ways.”…Stanley Kurtz

 

Obama

Lies

Mortgage, Unemployment Crisis

Who is to blame?

 

The lying, SOB, usurper, Barack Obama is meeting with bankers today. Obama is attempting, once again, to coerce banks to lend money to people who cannot afford the loans. Consistent with his trend of lying, he blames the bankers for the mortgage and unemployment crisis.

However, facts and reality are not on Obama’s side.

The Citizen Wells has provided numerous articles on ACORN corruption, ACORN’s involvement in pressuring banks to make risky loans and Barack Obama’s long time ties to ACORN.

An article dated September 15, 2009 is loaded with facts that indict Obama and ACORN.

October 8, 2008 – Straight from the horse’s mouth

“ACORN Report
The ACORN Report is published by ACORN’s National Office and contains up-to-date information. We have ACORN Reports indexed by date and topic available.”

“City Limits February 1999
During its 15 years in New York City, ACORN has helped squatters claim derelict city-owned property, forced bankers to invest in low-income communities, and organized a war against the city’s workfare program.

It’s also developed a reputation for no-holds-barred tactics—getting results through adversarial campaigns against bankers, politicians and bureaucrats using confrontation and concession rather than consensus. ACORN, unlike most social service non-profits, scorns charity. Their goal is to help poor people seize power.”

This comes straight from the Acorn national office.
Note the following:

“Their goal is to help poor people seize power”

October 13, 2008 – Acorn contribution to mortgage crisis

“FOR years, ACORN had combined manipulation of the CRA with intimidation-protest tactics to force banks to lower credit standards. Its crusade, with help from Democrats in Congress, to push these high-risk “subprime” loans on banks is at the root of today’s economic meltdown.””

““Instead, Democrats like Rep. Barney Frank (D-Mass.) and Reps. Kennedy and Waters allied with the Clinton administration to broaden the acceptability of risky subprime loans throughout the financial system, thus precipitating our current crisis.

ACORN had come to Congress not only to protect the CRA from GOP reforms but also to expand the reach of quota-based lending to Fannie, Freddie and beyond. By steamrolling the GOP that March, it had crushed the last potential barrier to “change.”””

““ACORN’s alliance with the Democratic Party is at the root of the current financial meltdown. And Barack Obama has stayed true to ACORN’s ways.””

The Truth about Obama and ACORN

September 28, 2009 – Bank of America and other banks ignored warnings

“Do any Catholics work for Bank of America?
From Catholic News Service October 16, 2008.

“Bank of America takes recent allegations made against Acorn and Acorn Housing Corporation employees very seriously,”
What planet has Bank of America been on the past year?

Is this indicative of the power of the mainstream media?

Was Bank of America controlled by the Democrats or Obama camp?

No wonder Bank of America had financial problems.”

Bank of America ignored warnings

Fox News reports on Obama meeting with bankers, December 14, 2009

“White House Tells Bankers to Boost Lending After Bailout Successes”

“President Obama is calling on the financial industry to help dig the economy out of the pit the White House says it helped create, as the president and bank executives headed into a potentially tense meeting Monday morning.”

“The president set the tone for the meeting in an interview broadcast the night before in which he called Wall Street bankers “fat cats” whom he has little obligation to help. In response, the bankers plan to tell the president to stop oversimplifying their concerns.”

“”What the president’s going to say to the bankers is, you guys were part of the problem, you helped create an economic crisis here that cost 7 million Americans their jobs and now you have to be part of the solution,” White House senior adviser David Axelrod said on ABC’s “Good Morning America.”

Axelrod said the industry has to “accelerate lending to credible small businesses” and suggested Congress would take harsh action against the sector if it does not.

“People are not going to tolerate a situation where the bankers have a party, they pick up the tab and then the bankers pay themselves huge bonuses and they’re not lending,” Axelrod said, adding that bankers should be awarded with long-term stock as opposed to up-front cash bonuses.

The White House also wants Wall Street to fall in line with Obama and back a proposal for a consumer protection agency that cleared the House last week.”

“”He can say what he wants, but we’re not going to go back to the kind of lending that put us in this mess,” said a person who is helping prepare executives for the meeting but spoke anonymously because of lack of authorization to discuss the plans.”

Read more:

http://www.foxnews.com/politics/2009/12/14/obama-slams-fat-cat-bankers-eve-meeting/

I, for one, am fed up with the lies and manipulation coming from the lying SOB Obama and cronies such as David Axelrod. I am asking you to spread this information far and wide. The American people must know the truth.

Michele Bachmann warning, Breaking News, ACORN, TARP II, CFPA Oversight Board, Barney Frank, Democrats, Taxpayer bailouts permanent solution, systemic risk regulator, Breitbart TV interview

Representative Michele Bachmann has put out an urgent plea to stop a dangerous bill about to be voted on.

From Michele Bachmann’s site.

“Bachmann: House Preserves ACORN’s Role in TARP II

 
 
Washington, D.C., Dec 10 –

(Washington, D.C.) U.S. Representative Michele Bachmann (MN-06), member of the House Financial Services Committee, made the following statement after the Democrat Leadership denied the entire House an opportunity to vote on her amendment to prevent ACORN from participating in the Consumer Financial Protection Agency’s Oversight Board.  The Consumer Financial Protection Agency (CFPA) is an expansive new government bureaucracy with far-reaching powers to make decisions for consumers about the kinds of mortgages, small business loans, and other financial products they may access.  The Oversight Board will be tasked with advising the Agency’s director on strategies and policies.

“An organization that has repeatedly shown an inability to adhere to even the most basic standards of ethics should not have a role in overseeing our nation’s financial system,” said Bachmann.  “By rejecting consideration of my amendment, the Democrat Majority protected ACORN instead of American taxpayers and investors.”

In recent months, the IRS, U.S. Census Bureau, and Congress have taken numerous actions to sever ties with ACORN.  In fact, less than two months ago, the House Financial Services Committee accepted another amendment offered by Bachmann that would prevent ACORN from serving on a similar board established in the exact same bill under consideration this week.

“There is a clear consensus amongst the American people that ACORN is unfit to receive federal funds and partner with federal organizations.  The Democrat Leadership’s decision today robs Congress from having the opportunity to take an up-or-down vote on my amendment and keep ACORN out of our financial markets,” said Bachmann.”

Star Tribune: Giving more power where power is not due
Wall Street and bureaucracy would benefit from pending reform.

 
Washington, D.C., Dec 11 –

The majority of Americans last fall were united against the $700 billion Wall Street bailout known as TARP. Proponents of the bill urged immediate action, claiming that a failure to act quickly would send the financial industry over the brink. They promised to examine the root cause of the crisis once financial markets were secure. One year later, the House is considering legislation that will result in the most far-reaching reforms of the financial services industry in our nation’s history.

But instead of addressing the real causes of the financial collapse and fixing bad government policies that led to the crisis, congressional Democrats want to codify the fiscally irresponsible bailout mania. Their bill would make taxpayer bailouts the permanent solution for dealing with reckless financial institutions in the future.

The 1,300-plus-page bill the House is scheduled to vote on today creates a “systemic risk regulator” tasked with determining which firms meet an undefined “too big to fail” test. It allows the government to tap a multibillion-dollar bailout fund to save troubled firms whenever it wants. This fund will be initially financed by a massive new tax on financial institutions and is expected to take $55 billion out of the hands of small businesses and job creators, leading to a loss of as many as 450,000 jobs. Should that fund run dry, taxpayers are on the hook to replenish it. And unlike TARP, this bill authorizes the Treasury Department and the Federal Reserve to completely bypass congressional approval and directly provide such lifelines to flailing firms.

The moral hazard this bill creates will ripple through the entire financial marketplace. Providing banks with a bailout guarantee will perpetuate a cycle of irresponsibility, shielding creditors from taking the fall for making risky decisions and forcing taxpayers to ante up again and again.

Rather than increasing transparency within the Federal Reserve and directing it to focus on the nation’s monetary policy, this bill drastically expands the powers of the Fed to intervene in the private marketplace. But the Federal Reserve has already proven its inability to preemptively catch systemic risks as demonstrated by the financial crisis that occurred under its watch. Giving more power to government bureaucracies that have failed in the past will do nothing to stabilize our markets.

I support an alternative plan that addresses both the core problems in our financial system and promises American taxpayers that they will not be on the hook for Wall Street’s mistakes ever again. Three key principles guide this proposal: 1) It ends government bailouts of financial institutions; 2) It stops allowing the government to pick winners and losers in the financial industry; and 3) It reinstates market discipline by removing moral hazards that exist today.

Minnesotans know when Washington is trying to pull a fast one. While the government takeover of health care and total lack of job growth is at the forefront of everyone’s minds, we cannot let this permanent bailout legislation slip through Congress without a fight.”

http://bachmann.house.gov/News/

Must hear interview of Michele Bachmann

Breitbart TV

 

http://www.breitbart.tv/bachmann-on-the-b-cast-a-conservative-call-to-action/#

Thanks to commenter Katie.

Barack Obama, bowling, NCAA basketball teams, The Tonight Show, Obama not in Washington, Zachjonesishome blog, Congress, Pelosi, Barney Frank, Senator Dodd, Timothy Geithner, diversion, manipulation and theater

Zach, of the Zach Jones is Home blog has written another hard
hitting article exposing the antics, hypocrisy and deception
of Obama and his Democrat cronies.

“The Obama Show – Vilification, Manipulation and Distraction

(“All this has happened before, and it will happen again” – Battlestar Galactica)
I’ve heard it said that there are only a handful of archetypal stories from which all variations come. Today, in politics, this appears truer than ever before. The same motivations are at play, the same goals and agendas, the same use of vilification and manipulation, the same attachments and vulnerabilities to draw out, the same diversions, the same subordination of truth – all to be used as “legitimate” means to the obtain the politician’s goals. Regrettably, the archetypal story of almost every politician today is the quest for power.”
“Power and manipulation! We all need to let that sink in and flow over us because in our regular lives we don’t think that way. Take a moment and say to yourself the words Hollywood, nothing is as it appears, the words mean nothing, the agendas are conflicting, all may be an elaborated distraction.
Now to American Politics 2009 –
This past week a poorly choreographed political theater has been taking place in the nation’s capital. It is the best example of political Kobuki theater we’ve had this year. We’ve had Pelosi and Barney Frank shrieking and pointing mephitic fingers at everyone but themselves. Senator Dodd, who has played a pivotal role in the entire financial mess, has been first denying knowledge of any AIG bonuses, kind of admitting the bonuses, admitting he wrote the amendment that exempted AIG so they could get the bonuses, and finally saying the Obama administration asked him to do everything. Timothy Geithner saying I didn’t know anything about anything until a few days ago and now a tape surfaces clearing indicating that he knew about the AIG bonuses at least by March 3, 2009. And finally, Obama saying I didn’t know anything about the AGI bonuses – which could be true since he was quickly planning a trip out of town to appear on the Tonight Show to talk about Special Olympics and his bowling skills.
The outcome of all the drama and CYA’ing was that the Congress of the United States, led by Nancy Pelosi, passed legislation attempting to tax anyone who received an AIG bonus out of any and all money. Congress decided that they must do “something”. Nancy was yelling and screaming, hell yes we’re mad and we are not going to take it, our voters are mad and we’re going to punish AGI employees who took these Congressional authorized bonuses. Oh my. The Kobuki result so far is that the House of Representatives have passed a likely unconstitutional bill of attainder in the attempt to cover their (not reading the original bill) tracks.”
“As entertaining as people with pitchforks can be; it’s now time to consider Mr. Obama’s actions.
Where was he? Was he bowling, picking his NCAA basketball teams, appearing on The Tonight Show? Why wasn’t he in Washington? I would suggest that it is/was part of the chorography that team Obama is executing to manipulate the public and maintain the Obama illusion. They want to try to keep Obama above it all, spouting lofty words and symbolizing calm.
During the Vietnam War, Nixon went to China. During this financial crisis, Obama goes to Hollywood and back to the campaign trail. It’s all diversion, manipulation and theater.”

 

Read more:

http://zachjonesishome.wordpress.com/2009/03/21/obama-vilification-manipulation-distraction-battlestar-galactica-aig-pelosi-harry-reid-barney-frank-birth-certificate-larry-sinclair-the-bopac-report/

Obama, Barney Frank, Fannie Mae, Freddie Mac, Democrats cause of crisis, McCain warned, McCain reformer, Youtube video, Democrat coverups, ** Bailout Truth **

“These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis, the more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”

Barney Frank 2003 in response to Bush administration overhaul plan.

“I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. 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

There is a new YouTube video out that reveals the truth about problems leading up to the bailout crisis and who caused them:

“Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis.

At a 2004 hearing see Democrat after Democrat covering up and attacking the regulations to protect Fannie Mae and Freddie Mac (their Cash Cows) that are now destroying our economy because the Democrats let them cheat.”

From a recent Citizen Wells article:

“Obama and his democrat buddies never let the truth get in the way
of a good story. Never has this been more true than now in the face
of a financial crisis in this country. A financial crisis Obama and
his party created. What do Obama and Barney Frank have in common
besides being Democrats. They both were listed in the top 25
recipients of campaign contributions from Fannie Mae and Freddie Mac and they both are hypocrites. Obama is number 3 on the the list
and Barney Frank is 16. Obama, the candidate of change, was in
bed with Fannie Mae and Freddie Mac yet he criticizes John McCain,
who along with George Bush, tried to fix the problem.”

Read more here:

https://citizenwells.wordpress.com/2008/09/17/obama-barney-frank-fannie-mae-freddie-mac-campaign-contributions-democrats-lobbyists-truth-about-obama-more-obama-lies-mccain-reformer/

Visit Philip J Berg’s site and contribute to his lawsuit:

http://obamacrimes.com

Send a clear message to Obama and congress:

http://obamaimpeachment.org

I would like to thank Mighty Quinn, a commenter on this blog, for bringing the YouTube video to my attention.

Obama, Barney Frank, Fannie Mae, Freddie Mac, Campaign contributions, Democrats, Lobbyists, Truth about Obama, More Obama lies, McCain reformer

“These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis, the more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.

Barney Frank 2003 in response to Bush administration overhaul plan.
“I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. 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

 Obama and his democrat buddies never let the truth get in the way
of a good story. Never has this been more true than now in the face
of a financial crisis in this country. A financial crisis Obama and
his party created. What do Obama and Barney Frank have in common
besides being Democrats. They both were listed in the top 25
recipients of campaign contributions from Fannie Mae and Freddie Mac
and they both are hypocrites. Obama is number 3 on the the list
and Barney Frank is 16. Obama, the candidate of change, was in
bed with Fannie Mae and Freddie Mac yet he criticizes John McCain,
who along with George Bush, tried to fix the problem.
From a Wall Street Journal Online article:
This is stunningly naive. Recent statements by Barney Frank (D., Mass.), the chairman of the House Financial Services Committee, and Chuck Schumer (D., N.Y.), a powerful member of the Senate Banking Committee, make clear that Congress will never let them be privatized, broken up, slimmed down, nationalized or any of the other options hopeful reformers are putting forth today. Fannie and Freddie in their current form are just what Congress wants: an inexhaustible source of campaign contributions and funds for favored groups.
http://online.wsj.com/article/SB122117569863425755.html?mod=googlenews_wsj

Federal Housing Enterprise Regulatory Reform Act of 2005

Senate sponsors

Sen. Charles Hagel [R, NE]
Sen. Elizabeth Dole [R, NC]
Sen. John McCain [R, AZ]
Sen. John Sununu [R, NH]

House bill sponsors:

Rep. Richard Baker [R, LA-6]
Rep. Robert Aderholt [R, AL-4]
Rep. James Barrett [R, SC-3]
Rep. Roy Blunt [R, MO-7]
Rep. Geoff Davis [R, KY-4]
Rep. Tom Feeney [R, FL-24]
Michael Fitzpatrick
Rep. E. Scott Garrett [R, NJ-5]
Rep. Paul Gillmor [R, OH-5]
Rep. Jeb Hensarling [R, TX-5]
Rep. Walter Jones [R, NC-3]
Rep. Thaddeus McCotter [R, MI-11]
Rep. Patrick Mchenry [R, NC-10]
Rep. Ileana Ros-Lehtinen [R, FL-18]
Rep. Paul Ryan [R, WI-1]
Rep. Christopher Shays [R, CT-4]
Rep. Frank Wolf [R, VA-10]

Notice that there were no Democrat sponsors.