“We’re going to have a hearing with the attorney general, and the FBI, the Securities and Exchange Commission, the bank regulators, the representatives of the state attorneys general and the state securities administrators, and we have a question that they are being asked now – what are your plans to prosecute those people whose irresponsible and in some cases criminal actions help bring about this crisis that will be both criminal and civil?”
Would that include your ex-boyfriend, Herb Moses, who was an Executive at Fannie Mae. You gonna slap the cuffs on him? Again, I mean.
And will you be investigating your role in the crisis, Elmer Fudd? After all, Elmer Fudd was Congress’s most stalwart opponent against reform and oversight of Fannie Mae and Freddie Mac’s dubious loan operations, the very ones that led to the current economic crisis.
- According to an article in the Oct. 8, 2003, Washington Post, Frank opposed giving the Bush administration the right to approve or disapprove business activities that “could pose risk to the taxpayers.”
- He told The New York Times on Sept. 11, 2003, Fannie Mae and Freddie Mac’s problems were “exaggerated.” “The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.” Elmer Fudd wanted to make sure loan decisions were based on politics, not sound economics a gross miscalculation some five years later with costs in the hundreds of billions.
- According a front page story in the Sept. 19, 2008, Investor’s Business Daily, Elmer Fudd has received $40,100 in campaign cash from Fannie Mae and its counterpart Freddie Mac.
The economic problems we have are a direct result of government politicizing the mortgage industry in order to gain political power. Elmer Fudd, Chriss Dodd, and the rest of the socialists who interfered with this did much more damage to the economy than Bernie Madoff or Martha Stewart.