That's because discovery and publication of a problem is not the same thing as creating the problem in the first place.

But if you think logic will silence the wharrgarbling, you need only wait for a few minutes...

KIA: That's because discovery and publication of a problem is not the same thing as creating the problem in the first place.

But if you think logic will silence the wharrgarbling, you need only wait for a few minutes...

What?

Way back in 2005, when the GOP tried to introduce a bill to fix Fannie and Freddie--Frank had it killed in committee, publicly declaring that everything with them was great, there was no danger, and to move along.

He has as much blood on his hands as anyone.

Another "you have to click 27 times to see 25 entries on a list" list.

Deuced if I'm clicking through that.

FTA: "...Greenspan... presided over the 1990s economic boom..."

For that line, the author should have included herself on the list, as people who know nothing about economics expect journalists to know what they're talking about. The 90s was not a boom, it was a decade of massively increasing debt, massively increasing money supply, and artificially low interest rates. A boom is a time when real wealth increases, due to increased productivity, the discovery of new resources, or new technology gives us the ability to use known resources more effectively.

Yup, no new technology came along in the 90's. Now I'm off to surf Farkuserve.

They should have included the mirrored "You" gimmick from their person of the year a few years back.

BravadoGT: Way back in 2005, when the GOP tried to introduce a bill to fix Fannie and Freddie--Frank had it killed in committee, publicly declaring that everything with them was great, there was no danger, and to move along.

His quote about the health of Freddie and Fannie, and wanting to "roll the dice" on the housing market, sure looks pretty bad in hindsight.

jimmyhaha: Yup, no new technology came along in the 90's. Now I'm off to surf Farkuserve.

Did I say that no new technology was developed in the 90s, or do you think that the "boom" was primarily due to new technology? In either case, thank you for doing your part to make sure that Fark is full of morons.

Hang on, subby. When I or the WSJ was passing out thanks for the great investment results we got from 2001 to 2008, why wasn't Barney Frank on the list of people to thank?

Oh. Yeah. Right. The bubble wasn't his.

BravadoGT: Way back in 2005, when the GOP tried to introduce a bill to fix Fannie and Freddie--Frank had it killed in committee, publicly declaring that everything with them was great, there was no danger, and to move along.

Which Republicans on the committee went along with him, then? As I recall, the GOP had a 30-seat majority in the House in 2005. Did they not control the committees?

Up yours, "Time," already subscribe to your continuously declining rag. I'm not clicking through that list one by one.

ScubaDude1960: Did I say that no new technology was developed in the 90s, or do you think that the "boom" was primarily due to new technology? In either case, thank you for doing your part to make sure that Fark is full of morons.

you're purposefully being obtuse if you are arguing that technological developments didn't have a primary role in the dot-com boom. in fact, the bubble was very characteristic of the many technology bubbles that preceded it.
to get back on topic, it is willfully ignorant to say that barney frank acted as any special catalyst in the current crisis.

Time releases 25 names responsible for Wall Street crisis a hitlist for nutjobs.

Nabb1: Up yours, "Time," already subscribe to your continuously declining rag. I'm not clicking through that list one by one.

CNN does that crap all the time too. What is wrong with just doing a grid view (can't slam as many ads on one page)?

This list should be revised...

1) Greenspan
2) Gramm

BravadoGT: Way back in 2005, when the GOP tried to introduce a bill to fix Fannie and Freddie--Frank had it killed in committee, publicly declaring that everything with them was great, there was no danger, and to move along.

Link?

dumbest slideshow ever.

Lawnchair: Which Republicans on the committee went along with him, then? As I recall, the GOP had a 30-seat majority in the House in 2005. Did they not control the committees?

I think the Republicans think that being super gay is a special power or something...

Lawnchair: BravadoGT: Way back in 2005, when the GOP tried to introduce a bill to fix Fannie and Freddie--Frank had it killed in committee, publicly declaring that everything with them was great, there was no danger, and to move along.

Which Republicans on the committee went along with him, then? As I recall, the GOP had a 30-seat majority in the House in 2005. Did they not control the committees?

He was wharrgarbling. "Facts" have no effect on a wharrgarble. Stop it.

I didn't know barney frank worked on wallstreet.

Hey, I don't look anything like #15!

...but I'd fist her line an angry god.

They put Mozilo and Raines on the list and not the Congressional friends they cultivated? FAIL.

Rickmansworth: This list should be revised...

1) Greenspan
2) Gramm

Whoa!! you knocked my dick in the dirt. you are absofukkkinglutely correct!!!!

i didn't like that turd Gramm way back in the early 90's.

a real piece of shiattt.

How can they mention Angelo Mozilo and not mention Chris Dodd?

Thank christ. I just found out i am not on the list!

FarkedOver: Thank christ. I just found out i am not on the list!

#15. You apparently got a makeover.

B... b... but FannieFreddie!

OK, to all the computer illiterate who complain about the 27 pages, just click on "See the complete list >>" on the bottom of the first page.

Why the hell did they put Burton Jablin on the list? "The programming czar at Scripps Networks, which owns HGTV and other lifestyle channels, never made a subprime loan. But his shows pumped air into the real estate froth by teaching us how to extract value from our homes. Designed to Sell, House Hunters and My House Is Worth What? created addicted audiences. So did shows like Flip That House (TLC) and Flip This House (A&E). No one on these shows ever seemed to lose a dollar, giving the housing game a little too much glamour and gusto."

Wow, he made some TV shows. BFD.

How did the PM of Iceland make it on before the Father of Deregulation?

There are more powerful folks behind the scenes--I assure you. Half of these chumps were in the pocket of international banks.

what an excellent headline hahah

When people say Frank and Dems encouraged Fannie and Freddie to pass out loans to people with iffy credit, what do they mean exactly? Did they pass legislation? Write a strongly worded letter? Make threats? This is an honest, no-gotcha question from a depressed small-government fan.

I mean if they somehow had a real threat to hold over F&F, then they certainly would deserve a piece of the blame. OTOH, if they just said, "Hey, give those poor credit risks some loans," and the execs said "Hey! More $$$ for us! Sure!" I'm not gonna get my Warrrblgarrrble fired up too much.

BravadoGT 2009-02-13 10:26:13 AM
KIA: That's because discovery and publication of a problem is not the same thing as creating the problem in the first place.

But if you think logic will silence the wharrgarbling, you need only wait for a few minutes...

What?

Way back in 2005, when the GOP tried to introduce a bill to fix Fannie and Freddie--Frank had it killed in committee, publicly declaring that everything with them was great, there was no danger, and to move along.

He has as much blood on his hands as anyone.

This. And what about Maxine Waters and Chris Dodd?

And this: notice how Bush's photo was the most unflattering of the group?

Farking TIME.

I'm sure that KIA thinks that the married Clinton's bj from a 20 year intern in the Oval Office, which he then lied about, plus the numerous accounts of his groping other women is no one's business but Bush's 35 yr DUI made him unfit to be POTUS.

KIA - your comment would have been funny it is wasn't so sad.

"I don't see that signing that bill had anything to do with the current crisis. Indeed, one of the things that has helped stabilize the current situation as much as it has is the purchase of Merrill Lynch by Bank of America, which was much smoother than it would have been if I hadn't signed that bill ... On the Glass-Steagall thing, like I said, if you could demonstrate to me that it was a mistake, I'd be glad to look at the evidence." -Slick Will, 2008

mfaby: And this: notice how Bush's photo was the most unflattering of the group?

Yeah, they should have featured him in a thong or something.

Linux_Yes: I didn't know barney frank worked on wallstreet.

More to the point, Frank was in the minority party in 2005, and couldn't have killed anything in committee without the help of Republicans in the majority. But for some reason, cons insist on singling Frank out...

This is the same magazine that claims "Content no longer King" and accompanies that headline with hollow, Romeroesque AgitProp seemingly written to scare people into either voting for Net Neutrality or going back to paper.

TIME is like the financial section of your daily paper (If you still have one around your town): Once you read something there, it's already too late to get on board or do anything about it.

Great_Milenko: BravadoGT: Way back in 2005, when the GOP tried to introduce a bill to fix Fannie and Freddie--Frank had it killed in committee, publicly declaring that everything with them was great, there was no danger, and to move along.

Link?

Seconded.

Of course they'd say that, Time is part of the secret liberal media Soros conspiracy.

BravadoGT: Way back in 2005, when the GOP tried to introduce a bill to fix Fannie and Freddie

So wait, you think this could have been 'fixed' 3 years ago? You're insane.

Barney Frank is actually a member of the Illuminati.

ok my former CEO was the first guy ...

i was in the loan origination support IT dept watching janitors getting morgates for houses twice the size of mine and i was thinkig don't they know.. don't they the borrowers know they are going to have to sell the house in 5-10 years when the higher rates kick in ?
that and watching the realestate bubble prices keep going up up up ... you knew it couldn't last ...
and all the home equity loans...people getting huge amounts of cash to put in swimming pools buy huge SUV's install granite on every surface of their houses... and then goto vegas...

saw this coming a long time ago friends

Alan Greenspan Asleep at the Wheel

captain_heroic44: Linux_Yes: I didn't know barney frank worked on wallstreet.

More to the point, Frank was in the minority party in 2005, and couldn't have killed anything in committee without the help of Republicans in the majority. But for some reason, cons insist on singling Frank out...

When you become the mouthpiece of a group, people will blame you when it fails. He was still supporting them even after the bailout.

captain_heroic44: Lawnchair: BravadoGT: Way back in 2005, when the GOP tried to introduce a bill to fix Fannie and Freddie--Frank had it killed in committee, publicly declaring that everything with them was great, there was no danger, and to move along.

Which Republicans on the committee went along with him, then? As I recall, the GOP had a 30-seat majority in the House in 2005. Did they not control the committees?

He was wharrgarbling. "Facts" have no effect on a wharrgarble. Stop it.

The GOP had the majority, but Frank and the Dems had a large enough majority to kill the bill. Which they did. Link

pope183: saw this coming a long time ago friends

Sure...and you just COULDN'T have put up a Fark thread about it? :-D

Link (new window) Here are several Democrat Leaders in 2005 insisting that there is no impending crisis for Freddie/Fannie. They imply racism, which is the Liberal's only real defense.

Anyone who thinks Frank doesn't bear some responsibility for this is either a partisan hack or willfully naive.

But repeal of the Glass-Steagall Act was the real cluster fluck in all this.

I truly believe in my fellow Farkers ability to deliver the WHARRGARBL anyway. facts be damned!!!!

Little troopers that they are.

JohnBigBootay: So wait, you think this could have been 'fixed' 3 years ago? You're insane.

Sure, just like all we need to do now is cut taxes and drop the capital gains tax and then prosperity will flow unabated.