Alabama Right News: Barney Frank 2003: "Fannie, Freddie not in crisis." Barney Frank 2010: I never said that and YouTube

Monday, October 18, 2010

Barney Frank 2003: "Fannie, Freddie not in crisis." Barney Frank 2010: I never said that and YouTube

Barney Frank has been in Congress utterly disconnected from reality that he doesn't know that digital video and YouTube exists. Here's a quote from Frank in 2003 in the New York Times:

'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.''

The tape via moonbattery

2 years later, here's Frank poo-pooing the housing bubble:

Fast forward to the present day, and Frank's tune has changed substantially. From Greg Mankiw via Instapundit, a Frank quote from the Boston Globe:

Frank, a leading liberal who has represented the state's Fourth Congressional District for nearly 30 years and became chairman of the House Financial Services Committee in 2007, said he and other Democrats fought to curb predatory lending practices before the recession but were thwarted by Republicans. He said he had supported efforts to help low-income families rent homes, rather than buy them.

"Low-income home ownership has been a mistake, and I have been a consistent critic of it,'' said Frank, 70. Republicans, he said, were principally responsible for failing to reform Fannie Mae and Freddie Mac, the mortgage giants the government seized in September 2008.

What a shameless liar! Here's the video of Frank's current story:

Bush didn't cause the housing meltdown. Barney Frank will blame everybody and everything (especially lack of regulation) except himself, especially for the housing meltdown, even though he pushed for the expansion of Freddie and Fannie, was having his way with a Fannie Mae executive's fannie, even though he and the Democrats attacked the regulator of the giant GSEs when they were trying to regulate them, squelched all 17 warnings coming from Bush, etc. Different scenario, same result, same tactics, same excuses.

If all that weren't bad enough, Barnie Frank's pot-growing gay boyfriend was at his debate heckling Frank's challenger. Via BreitbartTV via memeorandum:

" Upon exiting the most recent debate with Barney Frank, located at WGBH studios in Boston, MA, Republican Congressional candidate, Sean Bielat, gets heckled by a Barney Frank "supporter" while talking to the media. While watching this video, we realized that we recognized this "supporter". We received confirmation from two eyewitnesses that the mysterious cameraman was none other than Barney Frank's pot-growing boyfriend, James Ready." Good grief... To the voters of Massachusetts in Frank's district - please broom this disaster from office fast. More from Michelle Malkin, Scared Monkeys, GayPatriot, Left Coast Rebel, iOwnTheWorld, Gateway Pundit, RedState, Weasel Zippers and Riehl World View. And via Doug Ross: