All I can say is good grief, I finally agree with elmat on something.
A bit of history for you since you don't know much.
Fwanks's statement in 2005 lambasting the Bush Admin. on Freddie and Fannie:
house.gov
Oh, those bad Bushies!
What actually happened two years before, in 2003, that this fat, gross molester of Congressional pages completely ignored in that lying statement? Well, what happened was that Bush was trying to set up an agency that would have had the authority, which at the time only Congress had, to set capital-reserve requirements for F. and F. It also would have had the authority to "determine whether the two are adequately managing the risks of their ballooning portfolios."
nytimes.com
Now, you ask why would Bush want to do that? Incredibly to you, it was the right thing to do.
The history is convoluted, and Bush's original idea got nowhere, but that might be a subject that's too complex for ya. I'll leave it alone.
What was the pestilential pederast's response. Best to quote him, it's a beauty:
''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''
Do you know who Herb Moses is?
You should if you are going to defend the Perv who really, truly did not know, Honest Injun, that in 1987 his gay lover ran a prostitution ring out of Fwanks's apartment for, get this, a year and a half. I think I would know if my wife ran a whorehouse out of my house for a year and a half, but perhaps things are different in DC.
Ah, Bawney, sleazebag extraordinaire. |
