Barney Frank Torches Newt for Saying He Should Be Arrested
If you could find Bloomberg TV on your dial, you may have caught Newt Gingrich's attacks on Chris Dodd and Barney Frank. In his warped version of reality, the global financial meltdown wasn't about stock speculators, fraudulent rating agencies actions, corruption of the mortgage industry, CDO's and the AIG Asset Management insurance scheme that and the rest of the crooks that collapsed the markets. Nope, in the last GOP presidential debate on Oct 11, he blames all their problems on two guys named Dodd and Frank and their usual meme about government regulations, :
"If you want to put people in jail, you ought to start with Barney Frank, Chris Dodd," Gingrich said, responding to a questioning about why Wall Street executives weren't arrested after the financial crisis.
Barney released a quote after the debate:
"As to the facts, the Republicans -- part of the time under Newt Gingrich -- ran Congress from 1995 until 2006, the period during which the financial crisis began and then rose to disastrous proportions. Chris Dodd and I were in the minority during that time, and in fact no remedial action was taken by Congress until we became chairmen of our respective committees in 2007 and 2008." "Apparently, Newt Gingrich -- who considers himself one of the intellectual leaders of the free world -- is so embarrassed by the fact that he is running behind Michele Bachmann in Republican polls that it has increased his already well-developed propensity to utter outlandish things."
Barney joined Chris Matthews and eviscerated Newt for almost ten straight minutes in response to Mr. Tiffany's pompous remarks with both barrels blazing.
Matthews: Well that was a portrait of malevolence, is this libel...I don't know what to make of it.
Frank: Well, you have to understand, when you think you are the intellectual leader of the free world and you find yourself struggling to pass Michele Bachmann in a poll in Iowa (laughs in background) it is unsettling. I understand that the poor man isn't getting his due. But what was particularly extraordinary was he was talking about a period of time when he was in charge, not me. The run up to this crisis, this crisis began to bubble over in 2007-008, the Republicans controlled the Congress from 1995-2006, Newt himself was Speaker for four years, did nothing about the problems he accuses me and Chris of causing. And then it was Tom Delay and so apparently, and I'm regretful for this. Apparently I had some secret influence over the Republican leadership that I never knew about about because if I had I would have told them not to impeach President Clinton. I would have told them not to go to war in Iraq I would have told Delay not to go on the dance show. There are a lot of things I would have done.
The second thing he is objecting to is the bill we passed. They don't like an independent consumer protection agency and the work Elizabeth Warren did. They don't want derivatives to be regulated. I, I, incredibly they want to go back to the situation where AIG was able to get itself into all this trouble. The don't want a fiduciary responsibility on people who advise investors....
would you please adopt me as a niece or something? I'd call you Uncle Barney and bake you cookies (I'm better at cobbler, just so ya know), I promise!
FB
FB
99%
I love cobbler and I'm not gay. ; 0 )
Vote GOP and move forward to the 18th Century.
I'll share with almost anybody: gay, straight, alloftheabove ;) probably not anyone oozing santorum tho...in a political sense, that is ;D
FB
FB
99%
i do love peach, cherry and blueberry cobbler, though not necessarily in that order.
Glass-Steagall gave the country back in 1999 got the ball rolling toward the economic calamities of 2008 and TARP:
http://thestrangedeathofliberalamerica.com/fo...
Barney Frank should begin the legislative process of bringing back the protections of Glass-Steagall.
That would REALLY set Newt's hair on fire!
"The US has an army of 90,000 soldiers in Afghanistan and is spending $100bn a year, but has still been unable to defeat 20,000-25,000 Taliban who receive no pay at all." - Patrick Cockburn
How about we just set Newt's hair on fire and call it a day.
I'm good with that.
Vote GOP and move forward to the 18th Century.
I'll bring the marshmallows.
We can make Newt "the GOP marshmallow man" eat them when they're done.
Symbolic, ya' know?
If I were a psychopath, I would join the republican party, and get in on the gravy train taking the Teabircher morons to the cleaners.
Something like burning at the stake? I would't go that far but the guillotine might not be such a bad idea for some of these folks who brought down the economy of the world and don't mind putting people top death who may not be guilty.
The Right Wing press is already on fire because of Dodd-Frank. Rush practically screams about it daily, meaning all Republicans think it's soshulizm, also.
Passing additional regulations just isn't going to happen in this climate, unfortunately.
Nope , isn't going to happen.
Insanity , it is what it is , there is no understanding it .
stay off your lawn and turn down the damn hippie music, will you be happy?
FB
FB
99%
Especially if we don't even try. Sometimes the victories are won in the attempt. A congressperson (**cough***Barney Frank**cough**) introducing a new Glass-Stegall law would at least put the conversation on the table, much like what OWS has done regarding the 1%.
Unfortunately, I don't have much faith in Barney. He's good for some great soundbites, not so much with actually doing anything.
And thank Bill "Shatya with NAFTA" Clinton for signing it into law . He now says it was a mistake , that he got bad advice . Right.
Insanity , it is what it is , there is no understanding it .
Mistake for what? NAFTA or Glass-Steagall?
The meme was "NAFTA...we hafta".
Vote GOP and move forward to the 18th Century.
but sadly, spun glass doesn't burn.
First they ignore us..then they ridicule us..now they are feeding us chicken crap- sign my petition:
http://www.change.org/petitions/fda-stop-feed...
www.ickenittlepost.com
Silly Newt, wrong position. Just ask Marcus.
"Parachutes are allowed in checked or carry-on baggage, but may not be worn in flight."
---Southwest Airlines
Newt likes being below Bachmann; that way he can look up her skirt.
If I were a psychopath, I would join the republican party, and get in on the gravy train taking the Teabircher morons to the cleaners.
Santorum sure looks like he's backed-up with santorum there...
"Parachutes are allowed in checked or carry-on baggage, but may not be worn in flight."
---Southwest Airlines
Mr. Frank knocked it out of the park in his interview with Mathews yesterday.... MAYBE, just maybe, Tiffany-Atlanta may have a spot in their storage basement for him to hide.... Talking about being gutted like a fish...yikes.
Sniffing the Devil's crotch intoxicates bachmann. Makes sense to me.
"Parachutes are allowed in checked or carry-on baggage, but may not be worn in flight."
---Southwest Airlines
I loved Matthews' "catnip" observation. Perfect.
It's so true! "End-times rhetoric" and "conspiracy theories" are indeed "catnip" to Bachmann.
When Beck was on Fox, Bachmann was repeating Beck's wild conspiracy theories as fact within 24 hours.
* There are two types of Republicans: millionaires and suckers.
"Mugsy's Rap Sheet": Recording history for those who seek to rewrite it.
Is comforting to know that one of the clowns in this circus may well be our next President . Unbelievable .
Insanity , it is what it is , there is no understanding it .
Frank cracks me up , my favorite was at a town hall meeting , some idiot was making ridiculous assertions and was holding up a picture of Obama sporting a Hitler mustche , Frank asked her " on which planet do you spend most of your time ? "
Insanity , it is what it is , there is no understanding it .
What this country needs is a chicken in every pot, a car in every garage, a good five cent cigar, and an Enabling Act.
a
chickenrepublican in every pot.FIFY
Let them stew in their own juices.
If I were a psychopath, I would join the republican party, and get in on the gravy train taking the Teabircher morons to the cleaners.
Gingrich ought to be arrested simply for being a "Newt."
He further should be arrested for going after Clinton, spending so much of taxpayer's money, and wasting so much time. I wonder if Clinton was distracted at all and couldn't spend as much time as he should have on things like going after bin Laden?
Or studying up on what would happen if he repealed Glass-Steagall.
I was watching this last night and quickly noted it on C&L, saying they needed to post it.
Finally. :)
* There are two types of Republicans: millionaires and suckers.
"Mugsy's Rap Sheet": Recording history for those who seek to rewrite it.
So you registered today just to post something as inane as this. You need to go to Right Wing troll school. You are embarrassing to your ilk.
Mental capacity there. Will wonders never cease?
How have you been Capt ?
What is your conceptual, continuity?
Look, Newt is the poster child for partisan hatred. He developed a well-honed vocabulary to describe their opponents and effectively uses it. Of course, it require outlandish claims and exagerations. In other words, Newt is a professional liar.
What exists underneath is a very insecure person who is resentful, which produces anger at and blames everyone else for the problems he perceives exists. He is a blatant and naked opportunist, who seized power at any price and marshalled the most obscene legislation, that his crony successors have capitalized and pushed even further to enrich their lobbying friends.
Newt is a shameless, lying scumbag, who is berft of morals and honesty and has a craven, almost messianic driven desire to acquire power. I consider those attributes not of one who should be Commander-in-Chief or leader of the free world. I find those traits more along a psychiatric evalutation report at the State Mental Hospital. Of course, I might also throw in several of the current GOP candidates, such as Mittens, Michele, Rick, Herman, and even little ronnie.
When...when did we get to a point where we would have a serious candidate who believes the world began 5000 years ago? And we have two nuts who honestly believe it. These people go out and get flu shots. Why? If you don't believe in evolution then don't get the flu shots. That's how nutty they are. They pick and choose what evolution works for them, for their children. If you can see evolution in a flu virus, it exists and it has existed forever.
We as liberals have to start demanding the truth in politics. I am so sick of people throwing Obama care in my face. People need to start laying on the line what insurance is and what the companies do and how much profit they make. When a person's insurance company hikes rates it isn't Health Care reform it's the insurance company.
It's the same with the banks. When the banks feel the pinch after reform they just pass it on to the customer.
People need to be reminded that the Republicans caused a lot of the pain they are feeling and the Republican's want more. The greed in that party is insatiable.
Jeanne
Barney Frank's interview with Chris Matthews yesterday was absolutely hysterical! I was laughing my butt off! Quick, clever, ascerbic humor!
Loved it!
"Your lips move but I can't hear what you're saying..."-------Roger Waters, "Comfortably Numb"
Frank still has a lot to answer for concerning Fannie & Freddie and the larger housing debacle however, it would be unfair to attribute the problems to Frank alone. Congressional Republicans typically neglected to do their duty as well. Just as with Social Security and other entitlements, Congress as a whole consistently fails to avert obvious crises starting with those in control off the most powerful positions governing the markets while the crisis was in the making:
1) Senate Banking Committee Chairman- Richard Shelby (R) 2003-2007
2) House Financial Services Chairman- Mike Oxley (R) 2001-2007
3) SEC Chairman- Christopher Cox ( R) Bush Appointee 2005-2009
4) SEC Chairman- William Donaldson ( R ) Bush Appointee 2003-2005
5) SEC Chairman- Harvey Pitt ( R ) Bush Appointee 2001-2003
6) Treasury Secretary- Henry Paulson ( R ) Bush Appointee 2006-2009
7) Treasury Secretary- John Snow ( R ) Bush Appointee 2003-2006
8) Treasury Secretary- Paul O’Neill ( R ) Bush Appointee 2001-2002
9) Fed Chairman- Ben Bernanke ( R ) Bush Appointee 2006-Present
10) Fed Chairman- Alan Greenspan ( R) Reagan Appointee 1987-2006
Frank Zappa - Make A Jazz Noise Here
is that it's pitifully easy. practically any 8th grader could do it.
had their fingers in some pies, but the Repubs were in total power until 2006, when the mortgage casino operation was already past the point of no return. Fox and Windbag have been pushing this meme for some time. As breathtakingly stupid as this and their other stories are, a lot of people swallow this turd.
If I'm not mistaken, less than 1/4th of Dodd/Frank has actually been implemented and enforced. Ugh, you know what. Nevermind. It's just wrong on so many levels, it's not really worth saying.
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