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Lets move on for a moment

Forget the stimulus, lets talk about the bailout. Barney Frank, the guy who insisted we had to give the Fed unlimited power and no oversight IMMEDIATELY OR SOONER a few months ago, is now grilling the Fed over their irresponsible spending and questioning why they should be trusted to get the 2nd half of the money next month. Anyone else terrified to see how much this next bill is going to cost us?
http://money.cnn.com/2009/02/10/news/economy/bernanke_testimony/index.htm

 
NotPanicking

Asked by NotPanicking at 4:52 PM on Feb. 10, 2009 in Politics & Current Events

Level 51 (421,174 Credits)
This question is closed.
Answers (17)
  • We are not allowed to talk about this. There is no more free will or questioning allowed. We are to fall in line..conform and be happy. Obama is having a few yards of sand delivered to every household in America. That is really your "stimulus" check that is in the mail.
    mamakirs

    Answer by mamakirs at 4:56 PM on Feb. 10, 2009

  • ""At this time, because we know almost nothing about these transactions, we can only guess as to their ultimate success or failure," Bachus said in his opening remarks.

    Bachus added that the Fed's various policy moves in recent months were a "series of ad hoc decisions and seeming policy reversals which gives an indication that there is in fact no detailed plan to navigate us through what we all agree is troubling times.""
    NotPanicking

    Answer by NotPanicking at 4:53 PM on Feb. 10, 2009

  • Oh geez,they don't know how to do it, or if it will work or not, and if they pass it today, they will reverse it tomorrow? WHO ARE THESE JOKERS AND WHY ARE THEY GETTING PAID FOR THIS CRAP?
    Anonymous

    Answer by Anonymous at 4:58 PM on Feb. 10, 2009

  • hold on a sec, I need to make a strong drink....
    thundernlight

    Answer by thundernlight at 5:03 PM on Feb. 10, 2009

  • mamakirs, If only more people really knew how much your sarcastic statement there is actually reality staring them in the face.


    Join the Resistance

    akinbottom2

    Answer by akinbottom2 at 5:52 PM on Feb. 10, 2009

  • Barney Frank helped get us into this mess. Clinton, Frank, and Christopher Dodd all had a part in the 1999 bill that forced banks to give out loans to people who could not afford them. Barney Frank's lover boy of 9 years worked for Fannie Mae. Obama got money from Fannie and Freddie for his campaign. They are all crooks.
    Scorpio359

    Answer by Scorpio359 at 5:58 PM on Feb. 10, 2009

  • yeah and we know who's desk barney boy is under
    mamakirs

    Answer by mamakirs at 6:15 PM on Feb. 10, 2009

  • exactly scorpio
    tnmomofive

    Answer by tnmomofive at 6:22 PM on Feb. 10, 2009

  • I am disappointed in Frank, have always liked him, he did into a bill to decrim small amounts of mj which is a personal cause of mine. Clinton has admitted he made mistakes with the housing acts. If the dreaded bill that caused all this was signed in 1999 then the Rep majority congress that was in session at the time had a hand in it.


    However, as far as I'm concerned this is a bipartisan, multi-level screw up. It took Reps, Dems Wall Street and people who got in over their heads mortgage wise to make the problem. Anyone who blames the whole thing on one side or another is a partisan hack.

    Friday

    Answer by Friday at 7:04 PM on Feb. 10, 2009


  • BARNEY FRANK SHOULD BE IN JAIL.
    mustbeGRACE

    Answer by mustbeGRACE at 7:09 PM on Feb. 10, 2009

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