TYT: Barney Frank NAILS Republican Hypocrisy

[ihavenobias]

Run time: 03:07 https://www.youtube.com/watch?v=q76vEHsM2xA   Posted on YouTube: April 25, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: April 27, 2009 By DU Member: ihavenobias Views on DU: 3651

 

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[Wetzelbill]

1. KandR

[Kajsa]

2. I love Barney Frank!

He tells it like it is and he's
great at nailing hypocrisy.

Call them out and expose them,
all of them!

Those bastards don't make an ounce
of sense.

:kick: and R.

[FiveGoodMen]

3. Barney's right!

[pleah]

4. K&R

[baldguy]

5. So true.

If you're not a white American billionaire, you don't count with the GOP.

[OhioChick]

6. K&R

:kick:

[20score]

7. Their world view is so skewed. K&R

[cooolandrew]

8. "Freedom is slavery" and their GOP voters bought it. n/t

[ejbr]

9. K & R n/t

[matthewf]

10. k&r

[ProfessorPlum]

11. K. And R.

[Liberal_Christian]

12. My mother lost nearly half of her 401k. WHAT ABOUT HER FREEDOM?!?!?

She wasn't a wall-street gambler. She didn't deal in sub-prime mortgages or complex derivatives yet her 401k was squandered by someone else. Free Markets! yeah baby! you conservatives got it right! psst. Their "free" markets cost EVERYTHING!

[sythe200]

13. hmmm...

You guys do realize that Frank has been on the House financial services committee for at least 7 or 8 years right? And that according to a Government Accountability Office brief that there are at least a dozen federal, and hundreds of state financial regulatory institutions? I would say that that doesn't really count as any kind of freewheeling market. And if these crooks were able to get away with so much even with dozens of regulatory institutions at the state and federal levels, many of which have been around since the great depression, why should we trust the government to fix these problems for us? It seems like they've done a poor job so far. I don't know what else to do but if you have a poor manager you don't let him keep trying, you fire him and get another one.

[ihavenobias]

14. There are many ways I could respond to this, but I'll just ask a question.

What do you think is the primary cause of the financial crisis?

[Liberal_Christian]

15. "you fire him and get another one." -That's what democracy is.

I have an answer to your question(s); The Glass-Steagal Act.

Remember, government works both ways. They didn't just fail to regulate but they were encouraged to do so by lobbyists and their voting base;

ie.
-The Graham Leach Bliley Act
-The Modernization Act of 1999

Your heart is in the right place but we shouldn't just give up in trying to have our government regulate the financial industry. After the The Great Depression, they/we did a good job of that (Glass-Steagal)

Remember, You take power away from the Government, you then automatically give it to the private sector. The Government answers to us (it's suppose to anyway) Corporations answer to Shareholders.

Lastly, I feel you on Barney Frank, bro seriously, please don't think I'm defending him because he can be a real piece of shit. His morality is contingent with the pressure from his voting base. I remember watching him on C-SPAN talk a very right-wing talk. He was trying to convince the committee that Fannie Mae and Freddie Mac did NOT need ANY oversight, regulation, or transparency. And ironically enough, it was the repugs who were suggesting otherwise. Quite the reversal of ideologies.

Keep in mind; although Frank was on the House financial Services Committee; who do you think held the senate and house majority for six out of the eight years of the Bush administration? -Republicans. Who do you think were passing legislation knocking down every fabric of regulatory policy established after the Great Depression? -Republicans. Which ideology is more aligned with deregulation, no oversight, no transparency, a "free" market? -Republican Conservatism

[The Wizard]

16. Nice try

Barney Frank was in the minority most of the time the Repubes were in control and letting Wall Street gangsters pillage the economy. Republicans would routinely exclude Democratic members from committee meetings.
Changing the subject is a common right wing rhetorical tactic.
Republicans want the government out of the board room and into the bedroom.
No one really cares what Republicans have too say, unless it's under oath.
No one really believes what Republicans have to say, even if it's under oath.

[ProfessorGAC]

17. Unbrilliant

First there are NOT dozens of federal and hundreds of state regulatory institutions! That's just made up. I'm on the board of directors of a small private bank, and i'm here to tell you that your comment is simply untrue.

Secondly, those few organizations that are in place to monitor and regulate were defanged by the republicans when they were in power for 12 years, and that was further exacerbated by the Bush mob.

And, if you follow the red/blue map you'll see that the redder the state, the more likely the state DFI's were similarly defunded and defanged. So, this is a clear and obvious trend. (Well, obvious to someone who actually knows the facts, unlike you.)

Lastly, the major financial instruments that could be directly linked to his problem were derivatives which, due to the layers of involvement, were essentially unregulated.

When you get to be an adult, you can come back and i can explain banking and economics to you in far more detail. Right now, you're clearly not ready.
GAC

[navarth]

18. K & R