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Seattle Bubble Forum Archive • View topic - NYT 2003: Dems Oppose Bush plan to rein in Fred & Fannie

NYT 2003: Dems Oppose Bush plan to rein in Fred & Fannie

Myth propagated by bitter ignorant renters, or statistical reality ignored by real estate professionals?

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NYT 2003: Dems Oppose Bush plan to rein in Fred & Fannie

Postby Robroy » Thu Sep 18, 2008 10:03 am

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Re: NYT 2003: Dems Oppose Bush plan to rein in Fred & Fannie

Postby Robroy » Thu Sep 18, 2008 10:06 am

Here is what Barney Frank said at the time as quoted from the NYT link below:

''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.''

Just wow... :roll:

New York Times story here: http://query.nytimes.com/gst/fullpage.h ... nted=print
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Re: NYT 2003: Dems Oppose Bush plan to rein in Fred & Fannie

Postby rose-colored-coolaid » Thu Sep 18, 2008 11:22 am

One question on this article. It seems to be strongly pointing out the democrats who were against this proposal. The article makes it sound like this was a bill supported by Bush, but then most republicans are for deregulation. So who really supported and who really opposed it (other than Barney Frank)?
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Re: NYT 2003: Dems Oppose Bush plan to rein in Fred & Fannie

Postby Robroy » Thu Sep 18, 2008 11:25 am

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Re: NYT 2003: Dems Oppose Bush plan to rein in Fred & Fannie

Postby rose-colored-coolaid » Thu Sep 18, 2008 1:53 pm

My hunch is that this is only news because some Dems didn't back it. If the initial position is Dems like regulation and Reps don't, then the fact that many republicans opposed the proposition is not news in the sense that it's not surprising.

Again, both houses were controlled by the republicans, so even if every democrat voted against the measures could have been pushed through in a partisan manner.

Hopefully, this news does harm Frank, as he was clearly incompetent at his position.
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Re: NYT 2003: Dems Oppose Bush plan to rein in Fred & Fannie

Postby Robroy » Thu Sep 18, 2008 2:40 pm

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Re: NYT 2003: Dems Oppose Bush plan to rein in Fred & Fannie

Postby Markor » Thu Sep 18, 2008 2:59 pm

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Re: NYT 2003: Dems Oppose Bush plan to rein in Fred & Fannie

Postby Markor » Thu Sep 18, 2008 3:06 pm

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Re: NYT 2003: Dems Oppose Bush plan to rein in Fred & Fannie

Postby Robroy » Thu Sep 18, 2008 5:54 pm

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Re: NYT 2003: Dems Oppose Bush plan to rein in Fred & Fannie

Postby Markor » Fri Sep 19, 2008 9:25 am

You're right, sorry. The info is fed to Rush and Hannity et al, though. It just seems wrong to make an issue out of a $30K or so contribution to one candidate, when we're facing a depression created by the alternate party. Obviously Obama isn't beholden to Fannie or Freddie.
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Re: NYT 2003: Dems Oppose Bush plan to rein in Fred & Fannie

Postby rose-colored-coolaid » Sat Sep 20, 2008 3:57 pm

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Re: NYT 2003: Dems Oppose Bush plan to rein in Fred & Fannie

Postby Charles Dean » Mon Sep 22, 2008 11:39 am

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Re: NYT 2003: Dems Oppose Bush plan to rein in Fred & Fannie

Postby Markor » Mon Sep 22, 2008 1:48 pm

More proof that Republicans need to be shunned & marginalized. I haven't met one yet who isn't a gigantic hypocrite.
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Re: NYT 2003: Dems Oppose Bush plan to rein in Fred & Fannie

Postby deejayoh » Mon Sep 22, 2008 2:04 pm

I would rather have running the Financial Services Committee than Barney Frank. Or maybe . I think they'd do less harm
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Re: NYT 2003: Dems Oppose Bush plan to rein in Fred & Fannie

Postby rose-colored-coolaid » Mon Sep 22, 2008 2:12 pm

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