Comments on: Congressional Report Blames the Government for the Mortgage Crisis

By: Update for Federal Reserve Transparency « De-Brainwashing

Update for Federal Reserve Transparency « De-Brainwashing — Tue, 24 Nov 2009 00:27:33 +0000

[...] http://americaswatchtower.com/2009/07/09/congressional-report-blames-the-governement-for-the-mortgag… [...]

By: Update for Federal Reserve Transparency « David May’s Weblog

Update for Federal Reserve Transparency « David May’s Weblog — Sun, 09 Aug 2009 01:10:46 +0000

[...] http://americaswatchtower.com/2009/07/09/congressional-report-blames-the-governement-for-the-mortgag… [...]

By: cca

cca — Tue, 21 Jul 2009 00:02:16 +0000

Term limits, please!

By: Deb

Deb — Fri, 10 Jul 2009 21:53:01 +0000

The “short run”? WTF? There is no short run in owning a house and paying off a mortgage. Those two things are contradictory. For most people owning a home is a long term investment. To have tried, knowing, that it would only be successful in the “short run” was even more evil that just lending $$ to people who could not or would not pay it back. Here’s a good cliche for ya, Obama admin.,—- No free lunch.

By: Terrant

Terrant — Fri, 10 Jul 2009 12:50:46 +0000

I don’t think Frank has escaped blame. Talk radio likes reminding everyone of his involvement. My issue with the report is that it puts the blame squarely on the government and just the government. It down plays the role of liar loans and interest only loans; loans that were not subject to the CRA. As I’ve said when this first started, there is no shortage of blame to go around.

By: Mr Pink Eyes

Mr Pink Eyes — Fri, 10 Jul 2009 10:40:06 +0000

It is the fact that he is the most prominent one left and he happens to be on an important committee, yet he has excaped any blame whatsoever.

By: Mr Pink Eyes

Mr Pink Eyes — Fri, 10 Jul 2009 10:38:02 +0000

How much time and money did this report cost to tell us what we already knew?

By: Mr Pink Eyes

Mr Pink Eyes — Fri, 10 Jul 2009 10:37:26 +0000

He hasn’t learned his lesson. has he?

By: Terrant

Terrant — Fri, 10 Jul 2009 02:53:06 +0000

I find it interesting how a lone member of the (at the time) minority party gets most of the blame for the crisis. Somehow it is not the banks fault for offering liar loans or interest-only loans. Most of those loans from this crisis did not fall under the CRA. Of course, we all know that private industry is all-knowing and perfect. The truth is when the banks say jump, democrats and republicans alike ask how high.

By: rjjrdq

rjjrdq — Fri, 10 Jul 2009 00:37:31 +0000

Funny, that this “new’ congressional report is something that more informed people have known about for a while. Who can forget that video floating around where the Dems circled the wagons while the likes of Franklin Raines and Rahm Emanuel burned the house down? (no pun intended). Unfortunately, if you ask the average American who Barney Frank is, they won’t be able to tell you. And I’m sure that’s the way he wants it.