SEC Sues Six Former Execs of Fannie and Freddie for Civil Fraud
- Posted on December 16, 2011 at 10:50am by
Jonathon M. Seidl
- Print »
- Email »
WASHINGTON (AP) — The Securities and Exchange Commission has brought civil fraud charges against six former top executives at Fannie Mae and Freddie Mac, saying they misled the government and taxpayers about risky subprime mortgages the mortgage giants held during the housing bust.
Those charged include the agencies’ two former CEOs, Fannie‘s Daniel Mudd and Freddie’s Richard Syron. They are the highest-profile individuals to be charged in connection with the 2008 financial crisis.
Mudd and Syron led the mortgage giants when the housing bubble burst in late 2006 and 2007. The four other top executives also worked for the companies during that time.
The case was filed in federal court in New York City. Lawyers for Mudd and Syron couldn’t be reached for comment.
According to the lawsuit, Fannie told investors in 2007 that it had roughly $4.8 billion worth of subprime loans on its books. The SEC says that Fannie actually had about $43 billion worth of products targeted to borrowers with weak credit.
Freddie said about 11 percent of its single-family loans were subprime in 2007. The SEC says it was closer to about 18 percent.
“Fannie Mae and Freddie Mac executives told the world that their subprime exposure was substantially smaller than it really was,” said Robert Khuzami, SEC’s enforcement director. “These material misstatements occurred during a time of acute investor interest in financial institutions’ exposure to subprime loans, and misled the market about the amount of risk.”
Fannie and Freddie own or guarantee about half of U.S. mortgages, or nearly 31 million loans. The Bush administration seized control of the mortgage giants in September 2008.
So far, the companies have cost taxpayers almost $150 billion – the largest bailout of the financial crisis. They could cost up to $259 billion, according to its government regulator, the Federal Housing Finance Administration.
Popular Stories
Paper Details Obama Admin’s Alleged Secret Note Sent to Iran: If Israel Attacks, We Won’t Get Involved 584 Comments
‘Made Up Religion’: TV Historian Enrages Muslims, Receives Threats After Producing UK Documentary Questioning Islam’s Beginnings 413 Comments
This Is the Creationists‘ Response to Scientist Bill Nye’s Viral Pro-Evolution Video Claiming They Harm Children 411 Comments
Roseanne Barr: Most Billionaires ‘Violent Pedophiles’ & ‘Heartless’ Cocaine Addicts 374 Comments
President Obama Issues Major ‘Green Energy’ Executive Order 368 Comments
Faith
- This Is the Creationists‘ Response to Scientist Bill Nye’s Viral Pro-Evolution Video Claiming They Harm Children 411 Comments
Pakistani Muslim Cleric Accused of Framing Disabled Christian Girl in Koran-Burning Case Read More- ‘Made Up Religion’: TV Historian Enrages Muslims, Receives Threats After Producing UK Documentary Questioning Islam’s Beginnings 413 Comments
Meet the Controversial German Imam Accused of Brutally Beating His Wife & Pushing Sharia Law Read More
‘Self-Proclaimed Messiah’ & Unification Church Leader the Rev. Sun Myung Moon Has Died — Here’s His Life Story Read More
Business
- President Obama Issues Major ‘Green Energy’ Executive Order 368 Comments
- Germany’s Upcoming Court Ruling Will be Huge for the EU Read More
Ford Looks to Beat Toyota for Best-Selling Car in 2012 With This Model 151 Comments
Bernanke & QE3: Here’s What You Need to Know Read More- ‘Extortion’: Why Did the Labor Department ‘Drop the Hammer’ on Oregon Farmers? 302 Comments
Technology
- This Is the Creationists‘ Response to Scientist Bill Nye’s Viral Pro-Evolution Video Claiming They Harm Children 411 Comments
‘TaserDrone’: Hackers Weaponize Quadcopter With Actual ‘Shocking’ Technology Read More
Ever Heard of the Wild ‘Burning Man’ Festival in the Middle of the Nev. Desert? Here’s Your Primer Read More
Stanford Develops Technology ‘Better Than Steroids’ for Athlete Recovery Read More
Have You Pretended to Know What ‘the Cloud’ Is? You’re Not Alone Read More
Submitting your tip... please wait!
Comments (117)
NotPoliticallyCorrect
Posted on December 16, 2011 at 11:52amNow this is some GOOD news, and I’m with everyone else, I want to see Dodd and Frank included in this list.
Report Post »mrfunn
Posted on December 16, 2011 at 11:58amAs I recall, Bush tried to change Fannie Mae and Freddie Mac on a number of occasions.
Frank, Dodd and friends prevented the proposed changes.
btw:
Report Post »Bye Bye Barney
Hope you enjoy your cell mate.
Ruler4You
Posted on December 16, 2011 at 12:08pmOn the face of it, I’d agree, it is fantastic news.
But, you and I both know nothing is likely to happen.
If Barney Frank, Chris Dodd and Franklin Raines don’t get cells adjoining Bernie Maddoff permanently and their assets confiscated justice will not have been served.
Report Post »Chuck Stein
Posted on December 16, 2011 at 12:18pmWhy not Franklin Raines as well?
Report Post »Bonnieblue2A
Posted on December 16, 2011 at 1:04pmDon‘t forget to include Barney Franke’s lover Raines in those charges!
Report Post »A Doctors Labor Is Not My Right
Posted on December 16, 2011 at 1:15pmThe government and ACORN made Fannie and Freddie into the moral hazard that it was.
.
See here.
Recent Efforts to Overload the American System
http://www.discoverthenetworks.org/Articles/recenteffortstooverloadtheamericansystem.html
“[Nested quote; from a NYPost.com article]
“[In June 1995] the Clinton administration announced a comprehensive strategy to push homeownership in America to new heights — regardless of the compromise in credit standards that the task would require. Fannie and Freddie were assigned massive subprime lending quotas, which would rise to about half of their total business by the end of the decade.”
[Nested unquote]
“This strengthening of the CRA’s loan mandates, coupled with the authority that ACORN and other community organizations were given to intervene at yearly bank reviews, placed the activist groups in a position of great influence. Banks, eager to receive good reports from these groups (in order to avoid having their merger plans blocked or their lending practices challenged by the Justice Department), funneled immense sums of money to them. But the proliferation of risky loans to underqualified borrowers eventually caused Fannie Mae and Freddie Mac to suffer financial collapse in 2008. Many U.S. banks likewise folded.”
Report Post »getourcountryback
Posted on December 16, 2011 at 1:43pmWow, wouldn’t Barney LOVE that. Please send me to prison – I can have all the boyfriends I want!! I think they should go after Barney, Chris and Franklin too, but send barney to a muslim country for petes sake.
Report Post »rwinestock
Posted on December 16, 2011 at 1:50pmIn addition, at least one other chief player: Paulson
Report Post »silentwatcher
Posted on December 16, 2011 at 1:58pmLawsuit,,,,big deal. They will pay the fines with the money they stole. WHERE ARE THE CRIMINAL CHARGES FOR FRAUD?
Report Post »Marci
Posted on December 16, 2011 at 2:35pmAnd yet, Franklin Raines and Barney Frank walk free. I think Barney’s decision had more to do with not just winning.
Report Post »cemerius
Posted on December 16, 2011 at 3:01pm@ruler4you if Franklin Raines got a cell with Barney Franks wouldn’t that be unfairly giving him a life time conjugal visit?? These people need to be tried like we are in China…..lined against a wall shot and their family fortunes confiscated after they paid for the bullet of course!!!
Report Post »BoBo Da Clown
Posted on December 16, 2011 at 4:04pmI hate it when they only give HALF the story.
Here’s the rest
http://www.bloomberg.com/news/2011-12-16/sec-sues-former-freddie-mac-chief-executive-richard-syron-in-new-york.html
“The lawsuits filed today in Manhattan federal court were followed by an SEC statement that it had entered into “non- prosecution agreements” with each company. Fannie Mae, the government-sponsored enterprise which issues almost half of all mortgage-backed securities, and Freddie Mac, the McLean, Virginia-based mortgage-finance company, had “agreed to accept responsibility” for their conduct, the SEC said.”
Yes – that’s right – these liberal, Democrat, friends of Obambi crooks will not spend one day in jail!!!!!
Report Post »rs9
Posted on December 16, 2011 at 4:18pmWhy didn’t they list the names of all six? I wonder if Franklin Raines and Jamie Gore Licker are on the list?
Report Post »mrfunn
Posted on December 16, 2011 at 5:30pmThe Goal:
Increase homeownership rates.
Bill Clinton directed Henry Cisneros to develop:
The National Homeownership Strategy
August 1995
http://www.huduser.org/publications/txt/hdbrf2.txt
Here is a bit:
“MAKING FINANCING MORE AVAILABLE, AFFORDABLE, and FLEXIBLE. The
inability (either real or perceived) of many younger families to qualify
for a mortgage is widely recognized as a very serious barrier to
homeownership. The National Homeownership Strategy commits both
government and the mortgage industry to a number of initiatives
designed to:
Cut transaction costs through streamlined regulations and
technological and procedural efficiences.
Reduce downpayment requirements and interest costs by making
terms more flexible, providing subsidies to low- and
moderate-income families, and creating incentives to save for
homeownership.
Increase the availability of alternative financing products in housing
markets throughout the country.”
“alternative financing products”?
Wonder what that means?
Anyway, it worked.
Report Post »Homeownership rates shot up to record levels.
Here is a chart:
http://theaffordablemortgagedepression.com/2009/05/05/chart-the-homeownership-bubble–an-economic-crisis-explained.aspx?ref=patrick.net
quicker
Posted on December 16, 2011 at 5:35pmJust put Barney in a women prison
Report Post »dejavu43
Posted on December 16, 2011 at 5:48pmThe heads of FM&FM are just beards—until they nail the Prince and Princess of Thieves, Barney and Chris, to the wall for THEIR activities, it will mean nothing. The two biggest scam artists in Congress(and THAT’S saying a lot) are gonna walk away from their misdeeds, collect their obscene pensions and start hitting up their “donors” for cushy jobs that don’t require either a brain or their presence.
Report Post »georgiavietvet
Posted on December 16, 2011 at 11:53pmNOTPOLIYICALLYCORRECT………………..im with you on this one. i want to see bawney fwank and chrissy dodd take the perp walk. the cons would just lllllllloooovvvvveeeee bawney………………….
Report Post »TAXEVERYONE
Posted on December 17, 2011 at 8:45amAgreed, and the death penalty would not be enough punishment for what these ba#tar@s have done to our housing market and economy.
Report Post »Al Gored
Posted on December 17, 2011 at 8:53amThanks for the chart link.
Report Post »There is much more there than just a chart.
Why does Bill Clinton get a pass regarding this crisis?
sjohn70037
Posted on December 17, 2011 at 11:46amBe real folks. What this means is the SEC is suing we the people. Since Freddie and Fannie are now government possessions we will pay any fines.
Report Post »mrfunn
Posted on December 17, 2011 at 2:09pmsjohn70037
Report Post »Does it sound like the people here are concerned about fines?
flyingeagle
Posted on December 17, 2011 at 5:31pmThe FMFM deal should never have happened.This is not only a case where big bisness is useing the tax payer‘s money to line they’er pocket’s.One must reflect on the borrower as well and the fact that there is no way they could pay for the credit they seem to believe what they are told and that is with the help of the lender they can make it work.I mean they (the government)wouldn‘t support the idea with fund’s to stay afloat.But the whole deal was a trap that wayword borrower’s.Someone get‘s the money they lend it to other’s who can’t afford to pay it back.Then the government takes tax dollar’s,of witch the borrower is a party to pay.Then the lender follow’s through with the expected forcloser.So now when all the dust settles and the economy wiggles to a more favorable level and FMFM then sell’s it back to thoughs who trie to buy it back.GEE TALK ABOUT A DOUBLE DIPPING.This though is done right up frount because the wool has allready been pulled over there eye’s.And like sheep,they just go where they are lead.So this is all wrong and head’s should roll.But the fault is not only government because some of the blame fall‘s on the cittisen’s who have let them self’s be douped.So LET’S BE MORE CAREFULL and rememmber there is one born every minuete P.T.Barnom was right and like I said HEAD’S SHOULD ROLL.Even if it be one or two of thoughs running for the nommanation.What are your thought’s
Report Post »ICEDRAGONNITE
Posted on December 19, 2011 at 1:11amBecause Dodd and Franks took an oath to uphold the Constitution, they should be charged and tried. and all other Government personal that are in the decision making position as well as the oversight com.
Malfeasance the performance by a public official of an act that is legally unjustified, harmful, or contrary to law; wrongdoing (used especially of an act in violation of a public trust).
Nonfeasance is to ignore and take no indicated action – neglect. Misfeasance is to take inappropriate action or give intentionally incorrect advice. Malfeasance is hostile, aggressive action taken to injure the client’s interests.
Sabotage is a deliberate action aimed at weakening another entity through subversion, obstruction, disruption, or destruction. In a workplace setting, sabotage is the conscious withdrawal of efficiency generally directed at causing some change in workplace conditions. One who engages in sabotage is a saboteur.
“High” in the legal parlance of the 18th century means “against the State”. A high crime is one which seeks the overthrow of the country, which gives aid or comfort to its enemies, or which injures the country to the profit of an individual or group. In democracies and similar societies it also includes crimes which attempt to alter the outcome of elections.
High crimes and misdemeanors is a phrase from Section 4 of Article Two of the United States Constitution: “The President, Vice President and all civil officers of the Unit
Report Post »matt708
Posted on December 16, 2011 at 11:36amthey better not forget Barney Frank and Dodd, they also gave false info.
Report Post »Judy72204
Posted on December 16, 2011 at 11:50amThe way it works is even if they charged Frank we would still be paying him his retirement in prison. He has too much on everybody in Congress for them to actually do anything about all the money we lost but found its way into their bank accounts. We need to throw all of them out!!!
Report Post »IMPEACHBHO
Posted on December 16, 2011 at 11:52amVery true. And both Bush and Obama bailed them out.
Report Post »http://youtu.be/7kqVZUCRth0?t=2m18s
Walkabout
Posted on December 16, 2011 at 2:16pmBarney Frank looked scared to death (____less would be a better description) during the summer of 2008. He thought he might get lynched by both the left & the right.
By September he was still around and the Barney that we all know & loved re-emerged, arrogant & sputtering.
Report Post »Krutch
Posted on December 16, 2011 at 11:30amHow about Dodd and Frank, too! Congress is responsible also. Can’t go after sitting congressmen but some have retired or been voted out. I say they need to be charged also.
Report Post »Walkabout
Posted on December 16, 2011 at 2:22pmJaime Gorelick need to be charged too.
She is at the center of two storms that have hit America.
She erected the GORELICK WALL preventing data sharing between the CIA & FBI.
She was also counsel for Fannie Mae (1997 – 2003).
She is the epitome of how lawyers ruin America!
“”We believe we are managed safely. We are very pleased that Moody’s gave us an A-minus in the area of bank financial strength – without a reference to the government in any way. Fannie Mae is among the handful of top-quality institutions.”[9] One year later, Government Regulators “accused Fannie Mae of improper accounting to the tune of $9 billion in unrecorded losses”
- http://en.wikipedia.org/wiki/Gorelick_Wall
Report Post »Duddio
Posted on December 17, 2011 at 2:15amAbsolutely, Dodd, Frank, Raines, and Gorelick all need to be added to this list, but they have their noses in the right behinds, or they know where enough bodies are buried to deserve protection. Damn shame…. Just like Holder and Napolitano on the Fast and Furious fiasco. The right people never pay for their crimes.
Report Post »VRW Conspirator
Posted on December 16, 2011 at 11:30am“Fannie and Freddie own or guarantee about half of U.S. mortgages, or nearly 31 million loans. The Bush administration seized control of the mortgage giants in September 2008.”
What… Blaze..CHECK YOUR FACTS…they own or guarantee about 95% of U.S. mortgages now… maybe at the time it was half….but they own it all know….close to 3 Trillion dollars that we the taxpayers are on the hook for now….if those loans go bad…
Report Post »A Doctors Labor Is Not My Right
Posted on December 16, 2011 at 11:30amIt was the government and ACORN that was responsible for the moral hazard of subprime lending quotas.
See here.
Recent Efforts to Overload the American System
Report Post »http://www.discoverthenetworks.org/Articles/recenteffortstooverloadtheamericansystem.html
KidCharlemagne
Posted on December 16, 2011 at 11:25amCivil fraud charges…..
NO criminal charges…..
In layman’s terms, this is just the cost of doing business….
Report Post »Evon22
Posted on December 16, 2011 at 11:32amWhy is it that if youare in the government relm you never go to jail. It’s no wonder these people think they are above the law. Why are they not prosacuted to the full measure of the LAW!!!
Report Post »At least they got Blago finally! Why not these other slugos!
Detroit paperboy
Posted on December 16, 2011 at 11:35amLets see, i think Franklin Raines walked away with 90 million just before they crashed, oh thats right, he‘s a Democrat and he’s Black…. He’s a good 1%er, so they wont occupy his front lawn, just like they wont occupy John Corzines front lawn……..
Report Post »Viet Vet
Posted on December 18, 2011 at 12:47pm@Detroit paperboy
And in blocking the republicans from reforming Fanny Mae, the democraps used ol’ Franklin, saying the republicans and federal regulators were trying to ‘lynch’ him.
Report Post »Depressed_American
Posted on December 16, 2011 at 11:22amI am sorry but I don’t buy into this. I agree they are guilty as heck and need to go to prison, however, The US Government is guilty as heck in this mess too, our “Elected Leaders” have their fingers in this mess too. I think Obama is using this as an “escape-goat” to take the eyes off of the Governments complanciency/intererance in this mortgage mess; He will use this in his campaigning….
Report Post »HorseCrazy
Posted on December 16, 2011 at 11:27amyes they are just creating a fall guy who will not really take a fall. its crap
Report Post »Krutch
Posted on December 16, 2011 at 11:31amTotally agree with ya!
Report Post »NOBALONEY
Posted on December 16, 2011 at 11:16amI don’t see Fraklin Raines on the list.
Report Post »Unbelievable
Posted on December 16, 2011 at 11:15amWhat about Franklin Raines?
Report Post »WVremembersFLIGHT93
Posted on December 16, 2011 at 11:12amWhy was Franklin Raines not named in the lawsuits?!?!?!?! He was CEO when the worst of the fraud was occuring!
Report Post »Snowleopard {gallery of cat folks}
Posted on December 16, 2011 at 11:20amIn the case of Mr Raines probably he has something on the admin and is using it as leverage or to be saved as a future scapegoat; I find it ironic that the fed’s are just now as the election season is being cranked up, going after the leaders of Freddie and Fannie.
Since Newt did some work with Fannie and Freddie (I think it was both) for a time, this can be used and spun by the left to implicate by association him with these crooks.
Report Post »A Doctors Labor Is Not My Right
Posted on December 16, 2011 at 11:40amThe government and ACORN made Fannie and Freddie into the moral hazard that it was.
See here.
Recent Efforts to Overload the American System
http://www.discoverthenetworks.org/Articles/recenteffortstooverloadtheamericansystem.html
“[Nested quote; from a NYPost.com article]
“[In June 1995] the Clinton administration announced a comprehensive strategy to push homeownership in America to new heights — regardless of the compromise in credit standards that the task would require. Fannie and Freddie were assigned massive subprime lending quotas, which would rise to about half of their total business by the end of the decade.”
[Nested unquote]
“This strengthening of the CRA’s loan mandates, coupled with the authority that ACORN and other community organizations were given to intervene at yearly bank reviews, placed the activist groups in a position of great influence. Banks, eager to receive good reports from these groups (in order to avoid having their merger plans blocked or their lending practices challenged by the Justice Department), funneled immense sums of money to them. But the proliferation of risky loans to underqualified borrowers eventually caused Fannie Mae and Freddie Mac to suffer financial collapse in 2008. Many U.S. banks likewise folded.”
Report Post »lovenfl3
Posted on December 16, 2011 at 11:12amIt’s about time they took some action against these people. This was yet another example of liberals trying to define fairness. http://www.youtube.com/watch?v=AdTJR_OYnNg
Report Post »Jeff Thomerson
Posted on December 16, 2011 at 11:37amLet’s hope Shapiro has the mettle to bring this home and nail these criminals. I applaud her for going after these guys but she will be surely be attacked by those cockroaches in DC that are going to be exposed during the investigation. It will be interesting to see how aggressive the DOJ is going to be.
Report Post »patriotsofworkingamerica
Posted on December 16, 2011 at 11:11amAnd let’s not forget the NYC Fed tax evader Tim“commie” Geithner.yippeee hippeeee
Report Post »patriotsofworkingamerica
Posted on December 16, 2011 at 11:10amHow about the Clinton appointed cronnie Franklin Raines formly of Fannie, who collected over $90 million in roughly 3 years of destruction.
Report Post »Publius Novus
Posted on December 16, 2011 at 11:08amIt’s about time. But yes what about Barney Frank AND Chris Dodd? What about the federal auditors who where either on the take or turned a blind eye to this?
Report Post »lukerw
Posted on December 16, 2011 at 11:06amAnd… this is Not a CRIME?
Report Post »elosogrande
Posted on December 16, 2011 at 11:05amI see a smoke screen to take the pressure off of Frank, Dodd, and Schumer. Too bad no one has the balls to go all the way with this and get EVERYONE who was involved in screwing our country.
Report Post »Sibyl
Posted on December 16, 2011 at 11:08amSo true….so true.
Report Post »vic138
Posted on December 16, 2011 at 11:11amWhat about Frank Raines? He was the ceo of fannie mae. I heard he’s living in a 10million dollar penthouse in nyc. Go after the main culprits, including Barney.
Report Post »Sibyl
Posted on December 16, 2011 at 11:00amMAYBE Holder and the Obama conglomerate of crooks won‘t or can’t interfere with justice this time.
I loved it last night when Perry said he’d have fired Holder for not knowing about Fast and Furious.
I also loved it when Gingrich said he would stop all the federal lawsuits against state laws protecting against alien infiltrators (also called illegal immigrants) and protecting borders.
There was LOTS to love in last night’s debate.
Report Post »See it and all the earlier debates online here: http://www.2012presidentialelectionnews.com/2012-debate-schedule/2011-2012-primary-debate-schedule/
CatB
Posted on December 16, 2011 at 11:07amHolder should not be “fired” .. he should be indicted .. for treason.
http://dictionary.reference.com/browse/treason
2. a violation of allegiance to one‘s sovereign or to one’s state.
Report Post »3. the betrayal of a trust or confidence; breach of faith; treachery
MetalPatriot
Posted on December 16, 2011 at 11:12amGotta go with ya CATB. I just can‘t believe there aren’t TWO WITNESSES in all of Congress to stand up to all this corruption. There’s probably death threats…don’t be surprised people…politics has ALWAYS been that way.
Report Post »Sirfoldallot
Posted on December 16, 2011 at 1:48pmTreason ; Barney, Holder, Dobbs , & there leader !
Report Post »CatB
Posted on December 16, 2011 at 11:00amWhen are they going to perp walk Frank, Dodd and the rest of the crooks out of the Congress?
http://www.youtube.com/watch?v=cMnSp4qEXNM
Report Post »oldguy49
Posted on December 16, 2011 at 11:09ami agree ………..these congresmen and senators made the banks loan money to people that could not afford to own homes ………
Report Post »Delicaterose65
Posted on December 16, 2011 at 11:21am~ Amen ~
Report Post »randy
Posted on December 16, 2011 at 10:58amI’m sorry, they must have forgot to add Barney Frank to the list.
Report Post »smithclar3nc3
Posted on December 16, 2011 at 11:00amBring that 30 milliondollar golden parachute thieving Franklin Raines to court.
Report Post »voteallprogressivesout
Posted on December 16, 2011 at 11:02amWhere is Frank and Dodd names. They should be the 1st charged.
Report Post »voteallprogressivesout
Posted on December 16, 2011 at 11:04amSEC is corrupt, these are the scape goats for Barney Franks and Chris Dodds.
Report Post »drbage
Posted on December 16, 2011 at 10:58amThe timing of this is quite interesting…almost a Friday docudump when the self-proclaimed one will be out of Washington along with all the corruptocrats in the DC swamp. Interesting also that neither Franklin Raines nor Bawney Fwank are on the list, oh, wait a minute, this is still all part of “We, the Dems, have done nothing wrong, it is all Bush’s fault.” Hmm, but there is still that pesky part of all the video and written records of Bawney both in Congress and in the lamestream media professing that there is not one hint, scintilla, iota of evidence that there are any problems with Fannie of Freddie. Could this be one of the real reasons why he is not running for re-election?
Report Post »AZwoodman3
Posted on December 16, 2011 at 10:58amGet barney frank and his boyfriends too. They are just as guilty~!~!
Report Post »TXPilot
Posted on December 16, 2011 at 10:57amWhat about Barney Frank?
Report Post »Sirfoldallot
Posted on December 16, 2011 at 11:00amNewt gave good advise toooooo ???? wat a , LOL.
Report Post »CatB
Posted on December 16, 2011 at 11:03amBarney LIES!!!
http://www.youtube.com/watch?v=2UZ9l_AxKjA&feature=related
Report Post »WestTexasCountryBoy
Posted on December 16, 2011 at 11:35amThey were just following the marching orders of Barney (elmer fudd) Frank. Hmm maybe his deal is, no pesky criminal charges if he does not seek election. He is not leaving his position of power of his own accord IMHO.
Report Post »CLEttinger
Posted on December 16, 2011 at 10:57amAdd Barney Frank to that mix and everyone else who was attached to that debacle no matter what party they belong too. Then break them up, no more “too big to fail”.
Report Post »rock-n-roll-rebel
Posted on December 16, 2011 at 10:56amNow this is an interesting story, my only question is; What took so long?
Report Post »Sirfoldallot
Posted on December 16, 2011 at 11:02amHave you ever heard ” Hurry up & wait ” ??
Report Post »Sirfoldallot
Posted on December 16, 2011 at 10:53amWhy is Barny Frank retiring ???
Report Post »Sibyl
Posted on December 16, 2011 at 11:06amFrank’stoo busy having his new deluxe orange jumpsuits custom made and designed by Gucci…lots of travel for fittings, selecting the right shade of orange, imported silk, monograms, appliques, special features, etc.
Report Post »Corwin of Amber
Posted on December 16, 2011 at 11:11amAll his pages have been filled?
Report Post »