Frank and Weiner kick Americans in the buns (or is that Fannies?) — again.

Related Articles

We have fun on X, some of us even when we know nothing.

I've been suffering from the flu for a week...

CBCers go all-in on stupid and defensive for their Trudeau

(Link to this post on X) What's funny about most...

The oozing brain poo is actually a call for help.

This follows up on my previous article in which...

Progressive have committed a mindocide

Yikes. The stupidity. The sheer madness. And yes, I...

Shocking lack of self-awareness at the Liberal Party.

Sometimes their ignorance or stupidity — or is it...

Progressives, you’re not all like this. Right?

They're all varying degrees of progressives, to be sure....

Make babies?

There is a hell of a lot of talk,...

The Article

imageMy YouTube video which helps explain that the financial crisis was caused largely by that left-wing wiener, Barney Frank (Democrat) and many other like-minded liberal government meddlers into free enterprise (like Chris Dodd, Democrat), who think they know what they’re doing but actually know diddly, is reaching the five million viewer mark.  Hot dog! 

But today in an editorial the Wall Street Journal discusses what that wiener Barney Frank and a cohort of his is up to, which seems to be more of the same social engineering and meddling that got us into this mess.  His bun-mate is named, and I’m serious, Anthony Weiner (Democrat, New York). 

Strangely, the Wall Street Journal mocks Frank as if he’s a professional mortgage “underwriter” instead of a big fat left-wing “wiener”, which is the direction I’d have gone in.

Barney the Underwriter
Telling Fannie Mae to take more credit risk. Now there’s an idea.

Back when the housing mania was taking off, Massachusetts Congressman Barney Frank famously said he wanted Fannie Mae and Freddie Mac to “roll the dice” in the name of affordable housing. That didn’t turn out so well, but Mr. Frank has since only accumulated more power. And now he is returning to the scene of the calamity—with your money. He and New York Representative Anthony Weiner have sent a letter to the heads of Fannie and Freddie exhorting them to lower lending standards for condo buyers.

You read that right. After two years of telling us how lax lending standards drove up the market and led to loans that should never have been made, Mr. Frank wants Fannie and Freddie to take more risk in condo developments with high percentages of unsold units, high delinquency rates or high concentrations of ownership within the development.

Fannie and Freddie have restricted loans to condo buyers in these situations because they represent a red flag that the developments—many of which were planned and built at the height of the housing bubble—may face financial trouble down the road. But never mind all that. Messrs. Frank and Weiner think, in all their wisdom and years of experience underwriting mortgages, that the new rules “may be too onerous.”

… The last thing they need is lawmakers like Mr. Frank, who did so much to lay the groundwork for their collapse, telling them to play faster and looser with their lending standards. …



Drudge Report is on it too, applying the same sentiment as me….

…as is Neil Cavuto on FNC…

Joel Johannesen
Follow Joel
Latest posts by Joel Johannesen (see all)

You can use this form to give feedback to the editor. Say nice things or say hello. Or criticize if you must. 

    Your Name (required)

    Your Email (required)

    Your Message

    Do you Have a File to Send?

    If so, choose it below

    This is just a question to make sure you're not a robot:

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    — Normally this would be an ad. It's a doggy. —spot_img