Hillary Clinton, Bernie Sanders assigned New Hampshire delegates in true People’s Democratic fashion.
The People’s Glorious Democratic party of New Hampshire proclaims: from each according his ability, to each according to her need!Read More »
Omigod!!! Gee, why hasn’t anyone thought of that before?!? I mean other than all those times the Bush administration wanted to reform these money toilets? All I can say is, “DUH!!!”
Rep. Barney Frank (D-MA) wants a single agency to replace Fannie Mae and Freddie Mac to handle the flushing of the financial system further into the crapper. Of course, this isn’t reform. What Frank wants is to replace two entities that are too big to fail with an even bigger one that is much too big to fail.
I’ve got two words for Frank’s suggestion. Epic. Fail.
Steve Gilbert is curious about this conundrum:
By the way, this is the same gentleman who not that long ago famously assured us that there was nothing wrong with either Fannie Mae or Freddie Mac.
Which Frank did in 2008.
Frank has expressed “concern” about some other happenings at the two government-controlled companies. Despite the fact that Fannie and Freddie are set to lose $400 billion and has been given an unlimited supply of cash from Treasury over the next three years in order to keep it afloat, the Obama administration is handing out $2 million of our tax dollars in BONUSES to the their CEOs, along with $3.1 million in deferred payments. Frank said “nothing can be done now” about cancelling those bonuses. Translation: Frank is lying and is too much of a hypocrite and a coward to do anything about these bonuses. Throughout the year, Frank has been whining like a schoolgirl about bonuses to bank executives, even those who work in banks that didn’t receive TARP money. But he’s said absolutely nothing about Fannie/Freddie bonuses even as those two bleed money profusely.
Now Frank wants a single agency to do the financial hocus-pocus that is currently being done by Fannie and Freddie. I have a much better idea.
Anyway, that’s my two cents.
That would be far better than anything the lying, scheming, and hypocritical Barney Frank would ever come up with.