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Barney Frank Resumes His Extremely Hypocritial Ways By Calling All Fed Attacks "Extreme Hypocrisy"

Tyler Durden's picture




 

The person who is almost singlehandedly responsible for the complete disaster that are today's bankrupt GSEs, somehow succeeds in making America hate him even more, when he notes that the global response of condemnation to the Fed's actions, and the subsequent enjoinder by Republicans who wish nothing less than to save the dollar, instead of allowing hyperinflation to deal with the consequences of the idiotic actions by the MA congressman, is "extreme hypocrisy." How this excuse for a representative (of anything more than a few well-rounded bankers) gets any air time is beyond us. Until then, we will make sure the collective blood pressure of our readership remains elevated thanks to such unprecedented examples of the supreme corruption in D.C. as Barney Frank. And unrelated, but even more disturbing, is Frank's statement that he doesn't mind that there haven't been prosecutions of financial crisis players. Don't worry Barney, prosecutions will come... Luckily these will happen once your immunity lapses.

Anyone with a hear condition is advised against reading/watching this post.

From a letter just sent out by the Frank.

Chairman Frank Statement on Republican Attacks on Fed Efforts to Boost U.S. Economy

Washington, D.C. – House Financial Services Committee Chairman Barney Frank (D-MA) issued the following statement today regarding Republican attacks on efforts by the Federal Reserve to use well-understood monetary policy tools in order to help boost the U.S. economy:

“I was not surprised at the extreme hypocrisy of the Central Bank of China insisting that America – apparently alone among nations – has an obligation to subordinate its own legitimate economic needs to international currency movements, nor was I surprised that other central banks, including Germany’s, joined China. 

“What did disappoint me was to see conservative economists, high-ranking officials of previous Republican administrations, and Republican Congressional leaders share the attack by these foreign banks not simply on the substance of the Federal Reserve’s proposal, but on the very notion that America has a right to give a primary focus to our own economic need for growth at this time.

“Debating American economic policy is one thing; joining in a broad attack by foreign central banks, who insist that America somehow must subordinate our own legitimate economic needs to their currency requirements, is quite another. But that is essentially what the Reagan-Bush-Bush economists have asserted in their letter to Chairman Bernanke when they say that ‘The Fed’s purchase program has also met broad opposition from other central banks and we share their concerns that quantitative easing by the Fed is neither warranted nor helpful in addressing either U.S. or global economic problems.’”

Note: Republican Congressional leaders issued their attack on the Fed in a letter sent last week to Federal Reserve Chairman Ben Bernanke. The former Republican administration officials and other prominent conservatives sent a separate letter to Bernanke last week.

And here is Frank on Bloomberg earlier:

 

 

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Mon, 11/22/2010 - 16:43 | 747466 SRV - ES339
SRV - ES339's picture

Let's see... the financial world is in ruin, and the majority of commentors on this thread seem more disdainful of Barnie's sexual preference than his role in the issue.

Hate is ugly.

Mon, 11/22/2010 - 17:49 | 747735 roadlust
roadlust's picture

It's not "hate."  It's juvenile stupidity.  And rampant around here.

Mon, 11/22/2010 - 16:43 | 747470 OutLookingIn
OutLookingIn's picture

 

 Bawney is a 'buffoon' and Wall Street 'toady' who is paid VERY well by Wall Street to trumpet at their beck and call! 

Mon, 11/22/2010 - 16:44 | 747474 Big Ben
Big Ben's picture

Barney's ideas have worked out so well for us in the past.

Barney is basically a sock-puppet for the banks and his remarks are kind of humorous when you remember to keep that in mind.

Mon, 11/22/2010 - 19:21 | 748002 ColonelCooper
ColonelCooper's picture

Barney is basically a sock-puppet for the banks

Don't you mean a gerbil in a stocking?

Mon, 11/22/2010 - 16:45 | 747479 buzzsaw99
buzzsaw99's picture

Barney is not a gay piece of shit. He is a piece of shit who also happens to be gay, and there's nothing wrong with that. :/

 

As far as the fedres clownbux are concerned, the faster they become worthless the faster we can get on with the long overdue business of lopping tops.

Mon, 11/22/2010 - 16:45 | 747481 Alienated Serf
Alienated Serf's picture

eh, don't think it is too relevant that he is gay.

 

disclaimer- No homo

Mon, 11/22/2010 - 16:47 | 747482 bob_dabolina
bob_dabolina's picture

I wish people hated him. Don't forget he was ELECTED.

Saw an article on drudge last week that said 1 in 5 Americans are retarted. I think a large population of those individuals live in his district.

Mon, 11/22/2010 - 16:46 | 747484 the not so migh...
the not so mighty maximiza's picture

Is he trying to pick that guys pocket?

 

Mon, 11/22/2010 - 16:46 | 747488 greenewave
greenewave's picture

To find out more about the Imminent Collapse of the Global Economy, watch the video “Police State, FEMA Camps, America under Attack!!” at (http://youtu.be/X10xq_jvF2Q)

And you thought groping by TSA was bad, wait until you're sent to a concentration camp!! God Bless America!!!

by Anonymous

the america i knew is gone---i dont even want to leave the house anymore--people dont even talk to each other anymore------only to get what they need and? then run back home-----its sickening-----really

Mon, 11/22/2010 - 16:47 | 747494 Milton Waddams
Milton Waddams's picture

Idiot.

"Barney Frank (D-MA) issued the following statement today regarding Republican attacks on efforts by the Federal Reserve to use well-understood monetary policy tools in order to help boost the U.S. economy:"

The Bernank, October 15th 2010 speech, "We are still learning about the efficacy and appropriate management of these alternative tools."

Mon, 11/22/2010 - 16:50 | 747507 TruthInSunshine
TruthInSunshine's picture

It's not that Barney Frank is gay - to those people who seem to fixated on that issue and are defensive about it!

 

It's that Barney Frank is and has been anally raping the middle class taxpayers (you know, the ones who pay 85% of the taxes) in this nation.

 

In other words, Barney Frank is a middle class fudgepacker.

Mon, 11/22/2010 - 19:23 | 748006 ColonelCooper
ColonelCooper's picture

Good one.

Mon, 11/22/2010 - 20:50 | 748167 CitizenPete
CitizenPete's picture

He been driving taxes up the dirt road for quite a while.

 

No Homo

Mon, 11/22/2010 - 16:50 | 747509 Everybodys All ...
Everybodys All American's picture

Barney Frank is simply a criminal at this point. Cover up etraordinaire. If you have not seen how brazen it has been you are simply not breathing.

Mon, 11/22/2010 - 16:55 | 747535 BetTheHouse
BetTheHouse's picture

I'll take my Zerohedge without the gay bashing, thanks. 

Mon, 11/22/2010 - 19:27 | 748018 ColonelCooper
ColonelCooper's picture

Lighten up, Dude.  It's way more Barney-Bashing with a side order of gross than actual gay bashing.  Which ironically has changed over the years.  Gay bashing used to be when drunk rednecks hung out outside gay bars and beat the living shit out of them.  Now it's become bad jokes?  God, we really are becoming a nation of faggots.

 

Mon, 11/22/2010 - 22:48 | 748372 strannick
strannick's picture

Word, nigra

Mon, 11/22/2010 - 16:55 | 747536 Gimp
Gimp's picture

Is this why Barney keeps getting re-elected? If you don't vote for me your anti-gay? Give me a fucking break. No one cares anymore if you are gay except the gays looking for special treatment. You want to suck a weiner, go right ahead.

Barney is a crook, plain and simple.

BTW - Nice picture of Barney doing an ass grab.

Mon, 11/22/2010 - 16:56 | 747541 Calculated_Risk
Calculated_Risk's picture

I'm calling dibs for front row seat to the Mob Justice Show, Feat. Barney Frank.

Oh what I would pay to see this "man" hang.

Mon, 11/22/2010 - 16:56 | 747542 spongeBOB
spongeBOB's picture

Is this why the market rallied? 13 pt in the ES and 130 DOW is a couple of hours?

Mon, 11/22/2010 - 17:05 | 747580 tony bonn
tony bonn's picture

no i can't despise the lardass criminal terrorist artist any more than i already do, but i pray to god that he give me the strength to do so...

Mon, 11/22/2010 - 17:06 | 747582 SheepDog-One
SheepDog-One's picture

BTW, WHERE exactly did Tyler hype up Frank being a disgusting degenerate fag? From the picture of Frank himself? Wow, try to whip up some more baseless accusations! If Frank doesnt want to have pictures of himself groping mens asses then he shouldnt be out in public groping mens asses yea?

Mon, 11/22/2010 - 17:19 | 747634 spongeBOB
spongeBOB's picture

I personally think Frank is demonstrating to this young man the latest TSA body search he encountered on his latest trip to San Francisco.

Mon, 11/22/2010 - 17:23 | 747644 BetTheHouse
BetTheHouse's picture

I love this site.  Been lurking here reading it countless times a day for a while.  This is the first thread that has made me sorry I read the comments. This will likley be lost on you, but the point is the criminal public policies he has pursued, not his sexual preferences.  I don't think anyone here would bring in race or use the N-word when lambasting Maxine Waters for her public policy atrocities.  By the same token, it shouldn't be done with Frank's sexuality.  Grow up or go post your ignorant gay rants on Redstate or some blog for inbred Tea Party crackpots.  

Mon, 11/22/2010 - 17:38 | 747697 SRV - ES339
SRV - ES339's picture

Kinda hard to blame the herd when Tyler (1, 2, 3?) chooses to inflame the homophobic sentiment (through the pic) lurking under every rock... but hey, the kids have fun with it so why not.

Mon, 11/22/2010 - 18:08 | 747808 RichardENixon
RichardENixon's picture

You should see what goes on in the comments when Israel is discussed. The Frank stuff is child's play.

Mon, 11/22/2010 - 18:23 | 747853 DoChenRollingBearing
DoChenRollingBearing's picture

Nixon is 100% right.  Stick around for an Israel / Middle East article, and watch the junks fly.

Even the Benign Bearing got 20 junks for his reply (hence reply deleted) in an article fast enough to make your rollers spin!

Mon, 11/22/2010 - 19:30 | 748028 ColonelCooper
ColonelCooper's picture

No shit, buddy.  This isn't even uptight yet.

(I'm trying to egg em on tho..)

Mon, 11/22/2010 - 18:23 | 747854 spongeBOB
spongeBOB's picture

We are just surprised he is gay, I mean, if you were gay would you tap that? Love the avatar btw ;)

Mon, 11/22/2010 - 18:56 | 747916 Calmyourself
Calmyourself's picture

Cuz' only ignorant Tea party crackpots would make a joke combining his obvious out there in your face sexuality with his penchant for screwing the middle class through his unconditional support of predatory bankers..  Listen pal, no one truly cares if he is gay, straight or somewhere in between, it is simply a convenient petard to hoist him on which he has supplied, gay whorehouse in the basement anyone..  Now John Boehner with a straight whorehouse operation in the basement and I think you might find that petard quite appealing..  By the way Maxine is BUTT ugly and I would bring that up as it is insulting and personal and I think she and Barney deserve to be insulted.

Mon, 11/22/2010 - 19:37 | 748037 ColonelCooper
ColonelCooper's picture

Thank you.  I think it is worth mentioning however that Maxine Waters is early prototype post-op transgender, and that she/he and Frank can quite often be found sharing "wide stance" business travelers with Larry Craig.

Mon, 11/22/2010 - 19:42 | 748048 docj
docj's picture

Larry Craig - now there's a truly forgetable, uh, guy, I guess.

At least he had the good manners to quietly fade away once his 15-minutes were up.

Mon, 11/22/2010 - 20:17 | 748118 ColonelCooper
ColonelCooper's picture

I only brought him up to show all the strawman partisans here that I am an equal opportunity basher.

I hate everybody, and have enough of that hate to go around.

Mon, 11/22/2010 - 21:20 | 748225 docj
docj's picture

No worries, Colonel.  I knew where you were headed with that.

Best -

Mon, 11/22/2010 - 21:59 | 748292 ColonelCooper
ColonelCooper's picture

Good to see you again, Doc.

Tue, 11/23/2010 - 08:37 | 748965 docj
docj's picture

Lots of travel lately, Colonel.  Busy.  Not much to yet show for it, but busy.

Mon, 11/22/2010 - 17:06 | 747584 LongSoupLine
LongSoupLine's picture

It's all about the voters.  I am now convinced MA is in a dead heat with CA for the stupidest voters in the world.

Mon, 11/22/2010 - 18:54 | 747932 Rainman
Rainman's picture

We Californicators refuse to accept a tie for stupidity. Extra credit is deserved for Pelosi, Boxer, Feinstein, Brown, Newsom, Waters, Terminator, and a host of others. We got an assembly line going here. 

Mon, 11/22/2010 - 17:08 | 747592 f16hoser
f16hoser's picture

So what you're telling me is that everyone in MA is living in the twilight zone? BF really creeps me out......How he got reelected is beyond me....

 

 

Hoser

Mon, 11/22/2010 - 20:46 | 748159 CitizenPete
CitizenPete's picture

No shit.

Mon, 11/22/2010 - 17:18 | 747630 israhole
israhole's picture

Happy Chanukah, Bahney Fwank!

Mon, 11/22/2010 - 17:22 | 747640 spongeBOB
spongeBOB's picture

He is Jewish ?

Mon, 11/22/2010 - 17:24 | 747649 FDR
FDR's picture

Did anyone see the SNL skit from 2 yrs ago painting Frank and Pelosi as shills for George Soros and having helped cause the mortgage fiasco?  If you haven't its too late: SNL pulled the skit from its website and its even been yanked from Hulu and other sites that had it.  Forget actual reporting that shines a light on pieces of human filth like Frank, we aren't even allowed to see satire regarding the matter. 

Mon, 11/22/2010 - 17:28 | 747666 Clapham Junction
Clapham Junction's picture

I'd like to announce the start of "justify your anti-semitism day": here on Zero Hedge!

 

Thank you for playing, Adolf will be collecting donations by the door......

 

Mon, 11/22/2010 - 17:53 | 747750 buzzsaw99
buzzsaw99's picture

I am not anti-semite but I do hate jew bankers. Does that count?

Mon, 11/22/2010 - 19:38 | 748039 ColonelCooper
ColonelCooper's picture

Effin good one.

Mon, 11/22/2010 - 23:22 | 748440 torabora
torabora's picture

Don't forget that the Indonesian imbicile was dumped by his commie mother on her banker parents doorstep.

That's some sick shit, right there.

Mon, 11/22/2010 - 17:34 | 747687 goodrich4bk
goodrich4bk's picture

What an overblown reaction (pun intended) ZH.  How was B. Frank or any of the usual targets here "almost singlehandedly most responsible" for our financial collapse?  Follow the fucking money, guys, not the fucking political whores.  You may not have noticed, but there is no B. Frank, C. Dodd or FNMAE/Freddie Mac in Ireland, Iceland, Greece, Spain, Italy, Portugal, etc.  There is, however, a global banking cartel that is so connected to each of these countries' political levers that they were able to install their own B. Franks, C. Cox, and H. Paulson whenerever and wherever needed.  And they absolutely love it when you go after their political whores and not the johns.  That way, they can climb aboard and fund a complete "whore removal" movement (a.k.a. the Tea Party) so that y'all will think the problem has been solved.  But go ahead, keep sputtering about that fucking whore if it makes you feel better.

 

Mon, 11/22/2010 - 17:59 | 747769 roadlust
roadlust's picture

Conveniently forgotten is that Republicans controlled everything when the meltdown happened.  There is no single politician responsible for the destruction of the world's middle class.  But a single political party is.  The Republican Party.  And they're baaack.  Thanks to the "brainpower" on display in this thread.

Mon, 11/22/2010 - 18:43 | 747903 Sancho Ponzi
Sancho Ponzi's picture

The meltdown was worldwide, and was far worse in Ireland, Spain and the UK. You're playing right into their (banksters/congresscritters) hands if you refuse to take off your Rep vs. Dem blinders.

Mon, 11/22/2010 - 18:44 | 747904 Sancho Ponzi
Sancho Ponzi's picture

dup

Mon, 11/22/2010 - 21:16 | 748162 ColonelCooper
ColonelCooper's picture

That statement is so fucking ignorant I had to junk it. 

<sarcasm> You're absolutely right.  If you look at the chart of deficits from 2000-2008, they actually went down after the Dems. took control of Congress.  And they've REALLY shrunk since Obama took office.</sarcasm>

Quit being so Goddamn blind as to think you can single out ONE party. You actually wanna be dumb enough to think that the system isn't gaming you?  Enjoy starving in the next couple of years, because you just ain't gonna make it. 

Douche.

Mon, 11/22/2010 - 23:06 | 748406 weinerdog43
weinerdog43's picture

Yes, you are a douche.  Thanks for playing...with yourself.

Mon, 11/22/2010 - 17:42 | 747708 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Bawknee Fwank is a Treasonista.

Mon, 11/22/2010 - 17:52 | 747742 NotApplicable
NotApplicable's picture

Technically, Tyler, Barney called the attacks on the Fed "Extweme Hypocwisy."

Mon, 11/22/2010 - 18:13 | 747822 High Plains Drifter
High Plains Drifter's picture

He is definately got the lisp going , no doubt about it.

Mon, 11/22/2010 - 23:25 | 748445 torabora
torabora's picture

He tawks wike hes gotta dick in his mowth.

Mon, 11/22/2010 - 17:54 | 747753 flaunt
flaunt's picture

This guy is like a cartoon character more than a politician.  So it should be that much more frightening that he actually has control over us.  Reagan-Bush-Bush economists?  LOL what an idiot, try Reagan-Bush-Clinton-Bush-Obama economists.  They're all a bunch of fucking retards, just like this dimwit.

 

Mon, 11/22/2010 - 17:55 | 747758 buzzsaw99
buzzsaw99's picture

Don't touch my junk, er, poop chute.

Mon, 11/22/2010 - 18:10 | 747810 Djirk
Djirk's picture

Did he allege that there may be an ROI from the SEC...fjukin SCARY.

Also he said that Wall Street was back under a new tougher set of rules....laughable.

Mon, 11/22/2010 - 18:12 | 747820 High Plains Drifter
High Plains Drifter's picture

Isnt' he grabbing that guy's ass?  I am curious. Is that a Reformed grope or a Orthodox grope?

Mon, 11/22/2010 - 20:42 | 748153 CitizenPete
CitizenPete's picture

This grope was taken out of context.  They were talking about the TSA check points and Barney, being the concerned Congress critter that he is, was simply demonstrating what all the concern was about.  In the next frame of the film I'll bet he sniffed his hairy little hand.

Mon, 11/22/2010 - 18:34 | 747880 halvord
halvord's picture

No, I AM SINGLEHANDEDLY RESPONSIBLE FOR THE DESTRUCTION OF THE WORLD.

And I vote.

When you hyperventilate, breathe into a paper bag instead of posting.

 

 

 

Mon, 11/22/2010 - 19:28 | 748022 steelhead23
steelhead23's picture

Would somebody from the Austrian school kindly take a trip to DC?  These guys are so damn confused by MMT that they believe that liberal means you want a very liberal monetary policy and by golly, if you think that loose monetary policy (ZIRP, taking junk at the auction windows, buying long-term UST debt, etc.) is BAD, why then you are clearly out to have the proletariat starving in the streets.

I feel compelled to scream.  I consider myself to be to the left of Rep. Barney Frank.  Yes, to the left.  Simply put, I believe that all commercial banking should be conducted by not-for-profit businesses (in large measure, the pursuit of profit caused the meltdown, not the U.S. Government).  Argue with me if you wish, but its hardly the point.  My point is this, the large, for-profit banks are the blood enemy of the people of the world.  Depending on what Bernanke buys with QE2, much of that money would pass through the hands of Wall Street.  Dirty hands.  So, Rep. Frank, why is it that you wish to support the enemies of the People?  Why have you become a darling of the conservative banksters?  Is there something in your closet we should know about?

 

I am damn sick and tired of being called names because I happen to thoughtfully disagree with you.  Go perform an anatomically impossible act.

Mon, 11/22/2010 - 22:59 | 748391 strannick
strannick's picture

"I believe that all commercial banking should be conducted by not-for-profit businesses (in large measure, the pursuit of profit caused the meltdown, not the U.S. Government). Argue with me if you wish, but its hardly the point. My point is this, the large, for-profit banks are the blood enemy of the people of the world"

If your going to hate the banks, hate them for the right reason. Its the lack of law, not the pursuit of profit, thats the enemy. Once you take out the 'for profit', you get in a whole nother pack of thugs, except instead of honest greed, you get anemic dishonest, euphemism-using earnest idiots -with bachelors of arts degrees to be sure- who will take away all your freedom and wealth for your own good, in good eggehead conscience.
Like Thoreau said, 'if someone from the govenrmnet knocked on my front door telling me how he was going to do something for my own good, I would run out the back'.

Mon, 11/22/2010 - 20:58 | 748181 lunaticfringe
lunaticfringe's picture

There just aren't too many people I know well enough to say that I actually "hate." I feel confident that Barney Frank could make that list with little effort.

Every piece of garbage that voted for this guy should leave our shores now. Bielet shit more productive things than Frank. An absolute brain fuck. Sorry, ran out of xanax yesterday.

Mon, 11/22/2010 - 22:42 | 748361 MsCreant
MsCreant's picture

I have the definitive final word on this. I say it with every confidence. When you are right, you are right. Fat. Nasty. Diseased. Sexual predator politician. I present you with: 

Vladimir Harkonnen

http://exiledonline.com/wp-content/uploads/2010/08/harkonnen-pustule-draining2.jpg

Mon, 11/22/2010 - 23:15 | 748429 cjbosk
cjbosk's picture

Yes, I think that photo constitutes a "grope". I was told he went on to gargle some balls a short while later. 

Faggot...!  Gosh I miss that word...good 'ol highschool nastalga!

Tue, 11/23/2010 - 00:00 | 748461 frankoo
frankoo's picture

Well, after reading all 100 comments on good old Barney the fag. the shitty mess were in, Teabags, douchebags, Sarah the whore, Asshole Dems, Dip shit Repubs, Ireland, Spain, the fucked up US Government, the fucked up world,  I'm going to bed and try to get a good nights sleep. 

Tue, 11/23/2010 - 04:42 | 748820 Augustus
Augustus's picture

Take some alcohol tonic and pay yur taxes.

Tue, 11/23/2010 - 00:37 | 748522 Coldfire
Coldfire's picture

It is beneath the dignity of this club to make fun of Barney Frank's gender confusion issues. But by all means bash away on the evil aspects of Frank's politics, which are pervasive, endemic and irredeemable. Stop and think for a second. Frank got to where he is by the consistent espousal and application of ideas, however ultimately destructive of society. It is the ideas - not the man - that must be consistently countered to be conquered. After Frank is long gone, the ideas he rode to power - generally a variant of something-for-nothing - will still be around because human nature never changes. History shows us that people will stop at nothing to acquire power. Perhaps we should stop and consider the possibility that Frank's alleged poo-stabbery is simply a brilliant distraction. Either that or a metaphor for the exercise of his political power over the rest of us. In any event, beside the point.

Tue, 11/23/2010 - 04:40 | 748818 Augustus
Augustus's picture

You make very good points about considering what the man? has espoused as his ideas.

There was a very nice project to develop a LNG terminal on the river in his district.  He got a Federal block on it.  Jobs?, Barney?  Energy? Barney?

I am both astounded and angered when this nut case is presented as one of the smartest people in the the US Congress.  How many times did this nutter tell us that Fannie was sound?  It has been obvious that it was shakey for 10 yrs or more and you did not have to be a real financial geniusw to spot it.  Bwarney?  He was recommending it all the way.  He is a mental worm.

Tue, 11/23/2010 - 01:56 | 748647 mophead
mophead's picture

6:10 - 6:18 for a little bit of cleavage.

Tue, 11/23/2010 - 04:31 | 748806 Augustus
Augustus's picture

Questions for Congressperson Fwank,

"Is it true that you asked for Three patdowns from TSA on the latest trip to P-town?""

"When you go for the full TeaCup, how deep do you suck the nuts?"

Tue, 11/23/2010 - 08:37 | 748966 bobboberson
bobboberson's picture

And I'm appalled that an angry mob doesn't take this piece of human refuse and drop him into an industrial meat grinder.  FUCKING PIECE OF SHIT!

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