“How much responsibility, if any, do you have for the financial crisis?” Simple question. But, not for Barney Frank. Let this be a warning: do not ask Rep. Frank (D-MA) questions that may make him uncomfortable.
Tag: financial crisis
Video of the Day
Diary of a Mad Black Woman
(with apologies to Tyler Perry)
California Democrat Representative Maxine Waters comes out in this 2008 video clip and admits the truth. “This liberal” wants to nationalize all the oil companies. She wants the government to run them.
Now that this administration has used the financial crisis to get its hands on the banks, Wall Street, and the auto companies, what sounded so preposterous a year ago suddenly seems far more ominous.
It never hurts to remind everyone what’s really on the minds of liberals.
Porn star strips at Milan stock exchange to protest financial crisis, traders immediately go long
American protestors have a lot to learn from our European brothers. Or, to be more precise, from our European sisters.
Police officials say an Italian porn star stripped last Tuesday at the Milan stock exchange to protest the financial crisis. Laura Perego climbed on to a table inside the exchange covered only by her mutandines (BabelFish, don’t fail us now) and a painting of Italian flag
Why aren’t the American networks reporting this story 24/7? They should cover this brave, patriotic woman at least as much as Cindy Sheehan.
Or uncover her, as the case may be.
Source: Reuters via NewsBlaze.com
Financial crisis solved, so Senate moves on to football crisis
What? The financial crisis hasn’t been solved? Then why the hell is the senate talking wasting time on football?
Here’s how AP reports the latest complete waste of time and money coming out of the United States Senate:
Now senators are getting off the sidelines to examine antitrust issues involving the Bowl Champion Series.
The current system “leaves nearly half of all the teams in college football at a competitive disadvantage when it comes to qualifying for the millions of dollars paid out every year,” the Senate Judiciary’s subcommittee on antitrust, competition policy and consumer rights said in a statement Wednesday announcing the hearings.
Under the BCS, some conferences get automatic bids to participate in series, while others do not.
Obama and some members of Congress favor a playoff-type system to determine the national champion. The BCS features a championship game between the two top teams in the BCS standings, based on two polls and six computer ratings.
For God’s sake, man. Who cares if Associated Press poll picks USC and the Coaches Poll picks LSU and the computers pick Texas. Don’t these people have better things to do?
We just checked with the sports book in Vegas. Odds are 7-1 that the United States Senate is filled with brain-addled morons. 3-1 its filled with corrupt rip-off artists. And 2-1 it’s filled with bloviating blockheads.
Associated Press
Quite frankly, Barney Frank is a lying sack of @*$&!
Barney Frank is a lying sack of excrement. Oh, we beg your pardon. Did we say that? It just slipped out by accident.
Here’s a Bloomberg News story from March 5, 2009:
“U.S. House Financial Services Committee Chairman Barney Frank said he wants to see people prosecuted for wrongdoing related to the financial crisis as lawmakers overhaul regulation of Wall Street.”
“Frank will call on attorneys general, bank regulators and officials from the U.S. Securities and Exchange Commission to outline plans for prosecuting and recovering funds from those responsible for the crisis, he said today at a news conference in Washington.”
“’What are your plans to prosecute those people whose irresponsible and, in some cases, criminal actions helped bring about this crisis?’ said Frank, a Massachusetts Democrat.”
He’s a hero, that Barney Frank. A man of honesty, courage, and conviction. A man who did everything possible to keep our financial system safe. Except when he’s the afore-mentioned lying sack of excrement as proven by this quote from a September, 2003 House Financial Services Committee hearing:
“I worry, frankly, that there’s a tension here. The more people, in my judgment, exaggerate a threat of safety and soundness, the more people conjure up the possibility of serious financial losses to the Treasury, which I do not see. I think we see entities that are fundamentally sound financially and withstand some of the disaster scenarios…I believe there has been more alarm raised about potential unsafety and unsoundness than, in fact, exists.”
George Washington couldn’t tell a lie. Bill Clinton couldn’t tell the truth. And Barney Frank can’t tell the difference.
Source: Bloomberg, Ace of Spades
The financial crisis explained in simple terms
We don’t know the source of this simple, yet brilliant explanation of the world’s financial crisis. It’s one of those things floating around the internet. Sit back, have a beer, and be enlightened:
Heidi is the proprietor of a bar in Berlin. In order to increase sales, she decides to allow her loyal customers – most of whom are unemployed alcoholics – to drink now but pay later. She keeps track of the drinks consumed on a ledger (thereby granting the customers loans).
Word gets around and as a result increasing numbers of customers flood into Heidi’s bar.
Taking advantage of her customers’ freedom from immediate payment constraints, Heidi increases her prices for wine and beer, the most-consumed beverages. Her sales volume increases massively.
A young and dynamic customer service consultant at the local bank recognizes these customer debts as valuable future assets and increases Heidi’s borrowing limit.
He sees no reason for undue concern since he has the debts of the alcoholics as collateral. Continue reading “The financial crisis explained in simple terms”
