March 20, 2009

I would not only have sex with Barney Frank...

...I would ENJOY it.

Here's Rep. Frank's response to Republicans that say he's the one responsible for the credit crisis. You know, because he totally controls them and all.

PhotobucketFortunately, we have tools to aid memory -- pencil and paper, word processing, transcripts, newspapers, and the Congressional record. And as described in the most reputable published sources, in 2005 I in fact worked together with my Republican colleague Michael Oxley, then Chairman of the Financial Services Committee, to write a bill to increase regulation of Fannie Mae and Freddie Mac. We passed the bill out of committee with an overwhelming majority -- every Democrat voted in favor of the legislation. However, on the House floor the Republican leadership added a poison pill amendment, which would have prevented non-profit institutions with religious affiliations from receiving funds. I voted against the legislation in protest, though I continued to work with Mr. Oxley to encourage the Senate to pass a good bill. But these efforts were defeated because President Bush blocked further consideration of the legislation. In the words of Mr. Oxley, no flaming liberal, the Bush administration gave his efforts 'the one-finger salute.'

The Republicans can claim some supposed successes despite my awesome power. In 1999 they passed the Gramm-Leach-Bliley Act, which overturned a Depression-era law preventing commercial banks from acting like investment banks. In 2000, they passed another bill which loosened regulation of derivative markets. I voted against these bills -- but to no avail.

Posted by mcblogger at March 20, 2009 08:59 AM

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Comments

I love Barney, I'd even kiss him, but I don't want to knock boots wit' him.

He still my man.

Posted by: PDiddie [TypeKey Profile Page] at March 20, 2009 04:06 PM

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