Video: Fox News hammers Democrats again for Fannie/Freddie mess
posted at 12:42 pm on September 25, 2008 by Allahpundit
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Via Ace, who properly calls it awesome. This makes two segments in as many nights on Hume’s show on the roots of the crisis, and as with the first, there’s little you don’t already know. Even so, the archival footage of one of the Democrats’ nastiest demagogues reassuring America that everything’s peachy keen with the subprime mortgage industry is worth its weight in gold, especially after he thoughtfully paused this morning to snark on McCain for trying to help clean up the mess he himself did so much to make.
Joining Fox News in acknowledging the left’s role in the crisis: Newly minted right-leaning independent Bill Clinton.
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Priceless. The Dems need to be hammered, exposed, dragged before an inquisition and then burned at the stake.
DerKrieger on September 25, 2008 at 12:45 PM
TheBigOldDog on September 25, 2008 at 12:45 PM
Keep repeating it – often. At some point this story must reach everyone who is potentially on the hook for the billions – all taxpayers.
Vashta.Nerada on September 25, 2008 at 12:46 PM
“Fundamentally sound”… heh heh heh.
And Obama basically voting Present on McCain’s 2006 bill is icing on the cake.
BadgerHawk on September 25, 2008 at 12:47 PM
Saw it last night on Brit’s show.
Twice angered: first at the content itself, then at the media that spposed to bring us just such news.
Sir Napsalot on September 25, 2008 at 12:48 PM
Just put a john mccain and i approve at the end of that. and ship it out.
lorien1973 on September 25, 2008 at 12:49 PM
Clinton, you magnificent bastard!
Physics Geek on September 25, 2008 at 12:49 PM
Doesn’t it make you feel all warm and gooey inside knowing that these are the same guys who are going to ’save us’ with legislation now. Thank goodness for the politicians in DC. They care so much.
ThackerAgency on September 25, 2008 at 12:49 PM
You won’t see this outside of Fox.
lodge on September 25, 2008 at 12:50 PM
I saw that last night. Great ad material for the RNC.
Buy Danish on September 25, 2008 at 12:50 PM
Yeah, it’s safe to say he’s a bit off-message.
And it’s beautiful.
Slublog on September 25, 2008 at 12:51 PM
I’m waiting for Obama to say:
I’ve always said Fannie Mae and Freddie Mac needed reform.
Maxx on September 25, 2008 at 12:52 PM
Amen. I mentioned in another thread that Bill’s in the best position any politcian could ever be. Unlimited media access and no overwhelming ties to either party. Total freedom to speak his mind.
BadgerHawk on September 25, 2008 at 12:52 PM
Just FYI since some like “polls”.
Yahoo and Google have been conducting what has been the most hit/searched for item as of LAST YEAR… and subprime mortgages were it.
I think Spears was second.
Interesting observation as more Americans may actually know what is going on then the Democrats think!
upinak on September 25, 2008 at 12:52 PM
Can’t some DC area HA members get a protest going in front of the capitol? Signs like “Dodd – resign now!” and “Investigate Raines and Johnson!” would look good.
Vashta.Nerada on September 25, 2008 at 12:52 PM
Heh. That’s the security blanket I wrapped myself in last night. Good for Hume, he’ll be missed when he leaves FOX.
Weight of Glory on September 25, 2008 at 12:52 PM
Franks, Dodd, and yes even the Republican Cox need to go and go now…they are a disgrace.
right2bright on September 25, 2008 at 12:54 PM
More evidence that the Dems cannot be trusted with guiding America’s future. Not that I needed more evidence; hopefully those mythical “undecided voters” are paying attention to this.
As a small (tiny) investor, one who is looking to sell my house in about three years…these are tremulous times. If my investments go south, and my house is unsalable in a weak market, I will be hurting. All thanks to Democrats.
Doug on September 25, 2008 at 12:54 PM
Barney Frank should resign. Charles Shumer too.
Loved the end: Senator Obama did not even weigh in on this bill. Typical.
RushBaby on September 25, 2008 at 12:55 PM
McCain needs to stamp out Ads filled with Barney’s fat mush-mouthed Elmer Fudd flaming mouth defending his corrupt Fannie/Mac money hole.
The Dems are sitting f*cking ducks on this. Flood the zone McCain. Screw the media. Flood the f*cking zone.
FiveWays on September 25, 2008 at 12:55 PM
What did the Democrats know and when did they know it?
Elizabetty on September 25, 2008 at 12:55 PM
Thats great! but the majority of dumbmassas think the republicans are what caused it. Kudos to Fox for showing this.
grapeknutz on September 25, 2008 at 12:56 PM
I am almost starting to like Bill Clinton again. I did, once upon a time.
Sue on September 25, 2008 at 12:56 PM
The left states how intelligent Franks is…Teddy said this about smart men:
right2bright on September 25, 2008 at 12:57 PM
… the archival footage of one of the Democrats’ nastiest demagogues (Jamie Gorelic) reassuring America that everything’s peachy keen with the wall between the CIA and the FBI is worth its weight in gold, especially after she thoughtfully paused this morning to snark on Condi for trying to help clean up the mess she herself did so much to make.
See how easy it is to show that these demonrats use the same play book over and over again?
Tony737 on September 25, 2008 at 12:57 PM
Dodd and Frank belong in jail.
darwin on September 25, 2008 at 12:58 PM
Prediction:
McCain will release Ads featuring Barney Franks-in-my-pocket and Chucky Schmucker and Raines and Johnson Dems et al-
And the bullsh!t polls will show OBAMA UP BY 10!
You heard it here first.
FiveWays on September 25, 2008 at 12:58 PM
Careful there . . . lol
Marybeth on September 25, 2008 at 12:58 PM
Where is the MSM on this problem? Covering for their close friends? No wonder the Congress has such a low favorable rating. We need to name names because the MSM will not.
d1carter on September 25, 2008 at 12:58 PM
Fox is the illegal immigrant of the media;
doing the work the NYT just won’t do.
mylegsareswollen on September 25, 2008 at 12:58 PM
How many hearing on this crisis have the Dems called for on this crisis? ZERO! They know exactly where it would lead. Right back to them. That’s why they are desperate to get Obama elected. If McCain wins some of these people might be heading to the Federal penitentiary!
TheBigOldDog on September 25, 2008 at 12:59 PM
Speaking of flashbacks, here is Jamie Gorelick in a 2002 Business Week interview, claiming things are safe and sound in Fannie world.
The set up:
Here’s one excerpt from the interview itself:
Buy Danish on September 25, 2008 at 1:00 PM
Heck, we’ve officially given up on selling our house at all this year. By the time we’ll be able to sell, my husband will be up for orders again. I’d say fully a third of the houses in my sub-division are for sale, some have been since January. It’s going to get much worse before it gets better.
Anna on September 25, 2008 at 1:00 PM
Ha! That’s awesome. I love it.
lorien1973 on September 25, 2008 at 1:00 PM
Monica, is that YOU!
upinak on September 25, 2008 at 1:00 PM
Mav needs to turn some of these clips into a campaign ad to expose the Dems hand in all this
RocketmanBob on September 25, 2008 at 1:01 PM
Even Clinton cannot go for what these leftwing radicals are doing to our country. He is showing that being American is more important than following like lemming down the path these anti-American socialists want to take us. Obama, Reid, Peloser, Dole,Franks and others have to be reigned in and put out of office.
volsense on September 25, 2008 at 1:02 PM
I heard this morning (On Ingraham I think) that Gorelic got some sweetheart mortgage deal from Countrywide too…
TheBigOldDog on September 25, 2008 at 1:02 PM
Hey AP. How about putting Kessler’s article back up. It’s very good, and people should read it all day.
My question, which neither Paulson, Bush or Kessler spoke to.
Even if you want to argue that over time that the value of the mortgages will rise and the gov’t can realize a gain,( or perhaps even a huge gain), why isn’t anyone mentioning that the government doesn’t actually have the money on hand to buy the mortgages? Where does the money come from–the gov’t runs a deficit and has a debt right?
Can come from raising taxes, or from creating the money out of thin air with the push of a button on the governments books. And the second choice is what they’re about to do.
How does the creation of all this new money affect the value of the dollar? What will happen to the cost of oil and every other imported product you buy–which are many these days? What will the effects of this creation of money have on prices? That’s where you and I will pay the price for this now. That’s how I see it, and I don’t hear anyone saying anything about it.
JiangxiDad on September 25, 2008 at 1:02 PM
If the polls for Obama are up by 10 or more on Oct 3, then I’m outta here for good per my bet with Rywall.
ManlyRash on September 25, 2008 at 1:03 PM
Good work!
When is somebody going to put all this into a video that can go viral?
TheBigOldDog on September 25, 2008 at 1:03 PM
But will McCain of the Senate hold them accountable? The one big looming question is will he quit blaming Wall Street for 5 seconds and name the names of those guilty? Somehow I am afraid he will not. Clinton has been helping him out nailing THE ONE, but the majority of this mess lies at the feet of Clinton and Democrats.
freeus on September 25, 2008 at 1:04 PM
I often wonder how this nation hasn’t sunk into oblivion with such fools running the government and making terrifyingly bad decisions.
Bishop on September 25, 2008 at 1:04 PM
HOLY CRAP. HHHHOLY CRAP! That is just about a damning as you could possibly hope for. Hey MSM, butch-up and admit it, you cowards.
marklmail on September 25, 2008 at 1:05 PM
They sell T-bills and borrow at a low rate – the lowest rate in the world. They use the cash thrown off by the assets (the MBS and CDOs) to pay the coupons on the T-Bills until the market returns and they sell the performing assetts back into the market.
TheBigOldDog on September 25, 2008 at 1:06 PM
As a side note: I am tired of O’Reilly saying if someone had come forward with this economic situation he would have shouted it from the mountain tops. There were plenty of people saying this was a disaster, the MSM (yes you O’Reilly”) ignored it because it doesn’t fit on a bumper sticker and you would have had to to some research…it wasn’t “sexy” enough for you.
It shows you how weak the news reporting is, they skewered the admin for not picking up that Russia was folding…but in their own backyard they couldn’t see the signs of a economic collapse?
right2bright on September 25, 2008 at 1:06 PM
Ugh, looking at Franks I want to jump through the screen and throttle him; smug, biscuit-eating asshole.
Bishop on September 25, 2008 at 1:06 PM
So is this like an on your honor thing, or do you ask AP to bring the hammer down on you? I think a public execution would be cool, except for losing you as a commenter.
BadgerHawk on September 25, 2008 at 1:07 PM
I see this as good news for the Dems. It proves that they will bring hope and change if the campaign contributions (=legal bribe) are large and frequent enough to justify it.
snaggletoothie on September 25, 2008 at 1:07 PM
Refinanced a 960,000 mortgage under same VIP program as Dodd.
Also, when she left Fannie after serving as vice-chairman, she reportedly earned 26 million.
JiangxiDad on September 25, 2008 at 1:07 PM
Didn’t know that. Was the bet that one of you has to leave? Any specificity as to which polls?
JiangxiDad on September 25, 2008 at 1:09 PM
Why the hell is Barney “Mushmouth” Frank still in office after this disaster?
ErinF on September 25, 2008 at 1:09 PM
Unfortunately it was a magazine interview so there is no video.
Buy Danish on September 25, 2008 at 1:09 PM
BTW, they didn’t mention it becuase it was understood by the audience (Congress members) which is why you heard them referring to increasing the ceiling on the national debt.
TheBigOldDog on September 25, 2008 at 1:09 PM
Some 529 pick up Bills’ comments and make an ad I have no faith that McCain will even though it would be awesome.
As for Cattie Couric trying to ambush Sarah on McCains accomplishments all she needed to say is he certainly has more than 0B0mber.
Sarah did much better that 0Biden and his”Roosevelt went on TV in 1929 when the last great crisis hit”
Did Cattie not know Hoover was pres. and there was no TV yet?
dhunter on September 25, 2008 at 1:09 PM
Why would people abroad continue to buy t-bills as we increase the money supply and debase our currency like this? Who would want to hold our paper, esp. with our rates so low?
JiangxiDad on September 25, 2008 at 1:11 PM
I understand but what we need is a video similar to this one with quotes and pictures that lays it all out for the American people. We need something that can go viral.
TheBigOldDog on September 25, 2008 at 1:11 PM
I think Allah would consider it unseemly to be involved in this kind of wager. It’s all about honor, Badger. I am sufficiently confident in McCain’s chances to be willing to put my commentator spot on the line.
If I lose I’ll keep my word and no one will see me again.
If Rywall loses? Heh. We’ll see what happens for two weeks.
ManlyRash on September 25, 2008 at 1:11 PM
Here’s a tid bit,on Rush’s show today,
he said,that Barney Frank’s partner,
works at Fannie or Freddie, I forget
which one,is that a conflict of interest?
canopfor on September 25, 2008 at 1:12 PM
Didn’t hear that particularly, but will take your word for it. In any case, it’s a vital piece of information which is being conspicuously kept out of most commentary on this intended for the taxpayers.
JiangxiDad on September 25, 2008 at 1:12 PM
I do sincerely hope there are people right at this moment sending emails and making phone calls to their Congressional reps asking at what point in time are Frank and Schumer going to be dragged in front of Congress and made to explain why they did what they did to bring us to the place we are right now.
And I hope it will not be too long afterward that Frank and Shumer are forced to resign.
They both saw this coming and they both did nothing!
pilamaye on September 25, 2008 at 1:13 PM
LOL. Pelosi owns 500,000 in Fannie stock, Lurch’s wife owns millions in AIG.
The entire Congress is a conflict of interest.
JiangxiDad on September 25, 2008 at 1:14 PM
Money supply isn’t being increased. Money is being transferred from investors to the treasury. Why would they buy? Same reason T-bill rates went to nearly 0% the other day (which is a negative rate of return when you factor in inflation) – it’s the safest place in the world – as good as gold. In uncertain times money the world over seeks safety. They’ll have no problem raising the money in the markets at really low rates. There’s tons of cash just waiting.
TheBigOldDog on September 25, 2008 at 1:14 PM
Of course.
Dr.Cwac.Cwac on September 25, 2008 at 1:14 PM
you made a bet with a liberal?
can I smack you?
upinak on September 25, 2008 at 1:15 PM
And only one major News channel is broadcasting this….
Kini on September 25, 2008 at 1:15 PM
I guess when the MSM spends 99.9% of their time trying to screw republicans, they don;t really have the bandwidth to cover such trivial things like this.
wildweasel on September 25, 2008 at 1:15 PM
“Lisping queen” is a protected status under ADA legislation.
Dr.Cwac.Cwac on September 25, 2008 at 1:16 PM
He was present….
Kini on September 25, 2008 at 1:16 PM
It would be awesome if you publicly asked to be banned, and AP swung the hammer.
I think/hope you’re going to win the bet and it will never come to that.
BadgerHawk on September 25, 2008 at 1:16 PM
Not a chance. Like others, I fled to Treasuries for safety. Once the imminent danger is past, it’s business as usual. I won’t take zero once the bailout is done. What’s the better bet? Treasuries or GS? Treasuries or Swiss francs?
JiangxiDad on September 25, 2008 at 1:19 PM
Great. So Jaime Gorelick is responsible for 9/11 and the subprime mortgage meltdown. Just exactly what does someone have to do to get tarred and feathered these days?
Kafir on September 25, 2008 at 1:19 PM
Barney Frank, pervertus maximus.
Who let this freak get in charge of money? He was running a gay-homo bordello out of his home.
Oh wait!!! He’s a Dem….never mind.
Hening on September 25, 2008 at 1:20 PM
Buy stocks before the run-up. Buy companies that produce things, like CAT, PG, etc
Vashta.Nerada on September 25, 2008 at 1:21 PM
Try to protect the country like Bush did.
Try to be a conservative in America today.
Try to expose the media’s liberalism.
etc.
JiangxiDad on September 25, 2008 at 1:21 PM
I’m with her man, what were you thinking?
Dittos.
If you do go, leave us a parting note so we can find you! Won’t be the same without you here.
*eats*
Grue in the Attic on September 25, 2008 at 1:22 PM
And “fixing” the tickets of the guys who parked illegally in front of his house…but he didn’t know. They must have entered through the “back door”.
right2bright on September 25, 2008 at 1:22 PM
NOt what I meant. What I meant is that there are many better investments than UN treasuries post-bailout. But BigDog thinks people will run to fund this bailout by buying them. I just don’t buy it. That means interest rates go way up, or the dollar goes way down. There’s no magic bullet imo.
JiangxiDad on September 25, 2008 at 1:23 PM
WHICH poll is this going to be based on?
*eats*
Grue in the Attic on September 25, 2008 at 1:23 PM
I get the sentiment. If that close to the election, so many more of our fellow citizens prefer the vile charlatan, why stay at the party?
But polls are rigged. Hope it’s Rasmussen.
JiangxiDad on September 25, 2008 at 1:25 PM
*SMACK*
That’s for making an honorable bet with a dishonorable Lib troll ass-clown.
FiveWays on September 25, 2008 at 1:25 PM
Nobody borrows cheaper than the United States of America. the USA has never had a problem selling T-bills. They won’t have a problem selling these ones either. There’s tons of cash globally. Short term T-bills right now are about 1.5% and 30 years around 4.4%
TheBigOldDog on September 25, 2008 at 1:26 PM
There’s been a lively debate on another thread about this. One side says effectively doubling the deficit for two years or so will be inflationary, and the other side says that the popping bubble will overwhelm and the economy will deflate. I go with the former, but there are persuasive arguments on both sides. Meanwhile, >40% of my portfolio is in non-US markets.
Vashta.Nerada on September 25, 2008 at 1:27 PM
Good for Fox.
Now, if McCain would just drop his high standard for Senate collegiality a wee bit and start responding by name to those who try to rub their malpractices on him, his effort in winning this campaign would be a lot better shape. He could start right here with Barney Frank, one of the select dozen or so Dem political speculators, who are largely responsible for the economic crisis we are in.
Dusty on September 25, 2008 at 1:28 PM
Why isn’t Barney B.F. in shackles NOW?
This geriatric commie queer is the poster boy for corruption and incompetence.
Hammer this guy and tie him to that other incompetent commie Dem, Barack Obama.
The Dems are handing this election to the Republicans if the Republicans would just nut up.
NoDonkey on September 25, 2008 at 1:29 PM
Buzz it up please
Asher on September 25, 2008 at 1:30 PM
This why Eisenhower asked for a one-armed economic adviser…so the economist would never say “on the other hand”…
right2bright on September 25, 2008 at 1:30 PM
And therein lies the problem.
*eats*
Grue in the Attic on September 25, 2008 at 1:30 PM
We will have to agree to disagree.
JiangxiDad on September 25, 2008 at 1:32 PM
Because he’s not home.
JiangxiDad on September 25, 2008 at 1:32 PM
FOX is doing a good job of getting this out there. There are many people who don’t read the blogs, or listen to Talk Radio, who need to hear the truth of the matter.
Can you imagine a story like this running on MSNBC?
God bless FOX, even though they’re still a bit too leftist for me.
iamse7en on September 25, 2008 at 1:33 PM
Either way we’ll have an answer in a few days becuase they are announcing a deal is done so they’ll be going to the market shortly.
TheBigOldDog on September 25, 2008 at 1:33 PM
As Rush says, “hammer, hammer, hammer…..”
This is a layup shot…. doesn’t his campaign understand a gift horse when they see it??????
Starlink on September 25, 2008 at 1:33 PM
Depends, have they fired those two new guys yet?
*eats*
Grue in the Attic on September 25, 2008 at 1:34 PM
Why isn’t Barney B.F. in shackles NOW?
Because he’s not home. –
J-Dad
HA! Nice.
Tony737 on September 25, 2008 at 1:34 PM
I hope you specified which polls would be considered as accurate for this bet.
I’m sure you can always find at least 1 poll that has Obama up by 10+ points…..heck, the AOL poll has McCain winning in a 50 state landslide right now.
JadeNYU on September 25, 2008 at 1:36 PM
Woah! Bill Sammon changing his mind! McCain may come out smelling like a rose!
FiveWays on September 25, 2008 at 1:36 PM
“Because he’s not home.”
That forces an image into my head that’s not appropriate for lunchtime or any other time, for that matter.
NoDonkey on September 25, 2008 at 1:36 PM
Hammer this guy (Bawney Fwank) and tie him to that other incompetent commie Dem, Barack Obama.
There’s gotta be a gay S&M joke in there SOMEwhere!
Tony737 on September 25, 2008 at 1:36 PM
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