How was Barney Franks able to pass legislation by himself & why didn't Bush veto it?

I keep seeing people on the right claim that Barney Franks forced banks to give home loans to people that could not afford it.



So what was the legislation?

How was he able to force banks to comply?

Why didn't the Republicans filibuster it?How was Barney Franks able to pass legislation by himself %26amp; why didn't Bush veto it?
Cons actually believe that too.

It just amazes me the level of fantasy they live in.





Lets ignore the fact that he is 1 of 535 members of Congress and blame everything on him.
Don't you know, he's the big scary Barny! No one could ever stand up to the all powerful Barney Franks.How was Barney Franks able to pass legislation by himself %26amp; why didn't Bush veto it?
Simple answer!!



http://www.youtube.com/watch?v=hxMInSfan…



http://www.youtube.com/watch?v=Ze8sJ_mYG…



http://iusbvision.wordpress.com/2008/09/…
barney never passed legislation by himself and bush was never presented any legislation that was passed solely by frank. That is not how the government works here in the USA.How was Barney Franks able to pass legislation by himself %26amp; why didn't Bush veto it?
Barney Frank did not pass the bill and you know that, but as head of the banking committee he did block investigation of the Macs.
Both the house and senate pass a billm president vetos, goes back to house and senate, both pass the bill even with a presidental veto.
Cons failed bush failed end of story.



they keep trying to spin their failure.
Frank and the crook Chris "Friend of Angelo" Dodd prevented any investigation of Fannie/Freddie and on at least FIVE occasions blocked legislation to regulate F%26amp;F...



Couldn't have ANYTHING to do with their being at the top of the list of F%26amp;F's campaign contributions, could it?



PREMISE FAIL

LOGIC FAIL

ARGUMENT FAIL
That usually relates to a Clinton era law to eliminate redlining in poor or black neighborhood. Banks just wouldn't write loans in those neighborhoods even when the people were decent risks.

That has nothing to do with the liberties banks took when they wrote mortgages they shouldn't ever have written. Things like no money down, or no verifiable income needed, or balloon mortgages weren't part of the law, nor were they used to give low income areas mortgages. The mortgages were written in good parts of town for new homes, to often unsuspecting people who believed the banks when they said the rising value of their homes would cover the rise in interest.



The Republicans loved that rule once they figured out how to get around its intent. They just don't like Barney Frank, who has the nerve to be out and proud.
It will do no good to provide a historical backdrop with the CRA; there are aspects that nobody ever brings up or believes on this website that I personally lived through, so I will make that beside the point.



Frank's primary culpability is in his refusal to regulate government sponsored enterprises (GSEs) such as Fannie Mae and Freddie Mac. From Frank: "These two entities – Fannie Mae and Freddie Mac – are not facing any kind of financial crisis. The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”



Frank had a sexual relationship with Herb Moses, assistant director of product initiatives for Fannie Mae. Fannie Mae and Freddie Mac donated to many causes Frank is personally interested in (e.g. Parents and Friends of Lesbians and Gays).



Are you not aware of these things already? I thought you were fairly astute.
Bush was a libtard and is no longer president.
The S's... Sweetheart, Subprime, Stupid math, Sounds like another decade of fudged credit apps, and Some economists say "the foreclosures haven't even peaked yet..." Scary Sh^%!
The same way Bush did everything wrong!!! LMAO lib hypocrisy is comedic!!! All the libs have is blame Bush because they elected an idiot failure!!!