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Frank Calls For Power To Take Over Firms

From today’s show trials:

Barney Frank: “We need to give somebody somewhere in the Federal government the power to do, when non-bank major financial institutions need to be put out of their misery, we need to give somebody the authority to do what the FDIC can do with banks. It’s called resolving authority, and it’s a form of the bankruptcy power given under the Constitution. It allows us to avoid the choice of all or nothing – nothing in the case of Lehman Brothers, all in the case of AIG – equally unacceptable alternatives, and our job is to work together to find some other way.”

Make no mistake about it. Obama and the Democrats want to nationalize our banking system and eventually all of our most important industries.

It’s called resolving authority, and it’s a form of the bankruptcy power given under the Constitution.

Sure it is.

By the way, this uploaded to YouTube by Speaker Pelosi’s office.

They aren’t even being shy about what they are up to.

This article was posted by Steve on Tuesday, March 24th, 2009. Comments are currently closed.

12 Responses to “Frank Calls For Power To Take Over Firms”

  1. proreason says:

    Dick Morris said last night on Hannity that he believes Gestner’s bank bailout is deliberately designed to fail so that these power-mad reprobates can nationalize the banks.

    Although Dick is no longer a wild-eyed liberal, he is no lock-step conservative either, and his interest and expertise are more in the arena of politics than policy…..so I personally believe he is one of the best assessors of the current situation (not that he has been 100% correct by any means, so don’t flame me).

    The fledgling nazis will stop at nothing.

    And Steve, please don’t show pictures or videos of Drooling Barney anymore. I can’t afford to be buying monitors every few days any more.

    • pdsand says:

      All of this was designed to fail, from TARP on. Just contemplate the “accountability” factor that Democrats insist on. Who asks for accountability when you are genuinely trying to give assistance? I donate things to the Goodwill, and for all I know they have a bonfire with my stuff later on that night. The only reason for attaching strings is because you are trying to take control over those you’re “helping”.
      The Democrat game since the early days of welfare is to give enough to get them hooked and dependent on you, but not enough to actually help. They just saw the opportunity to play that old game on a few useful idiots in industry this time.

  2. pdsand says:

    Better idea, somebody needs to take that power away from the FDIC, and we’ll call it a day.

  3. U NO HOO says:

    consensus? mob rule?

    I apologize to my grandchildren for the mess they may inherit.

  4. U NO HOO says:

    And I apologize to the AIG bonusees, I believe they should have been able to keep their money.

  5. Reality Bytes says:

    Tasteless? Sure! But Accurate? You Bet! Seems Phwank is gettin off on his new power surge. http://www.youtube.com/watch?v=P1REPQQMkCE&feature=related

  6. canary says:

    Thomason Jefferson: I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
    Thomas Jefferson, Letter to the Secretary of the Treasury Albert Gallatin (1802)
    3rd president of US (1743 – 1826)
    Thomas Jefferson: 2nd letter
    The art and mystery of banks… is established on the principle that ‘private debts are a public blessing.’ That the evidences of those private debts, called bank notes, become active capital, and aliment the whole commerce, manufactures, and agriculture of the United States. Here are a set of people, for instance, who have bestowed on us the great blessing of running in our debt about two hundred millions of dollars, without our knowing who they are, where they are, or what property they have to pay this debt when called on; nay, who have made us so sensible of the blessings of letting them run in our debt, that we have exempted them by law from the repayment of these debts beyond a give proportion (generally estimated at one-third). And to fill up the measure of blessing, instead of paying, they receive an interest on what they owe from those to whom they owe; for all the notes, or evidences of what they owe, which we see in circulation, have been lent to somebody on an interest which is levied again on us through the medium of commerce. And they are so ready still to deal out their liberalities to us, that they are now willing to let themselves run in our debt ninety millions more, on our paying them the same premium of six or eight per cent interest, and on the same legal exemption from the repayment of more than thirty millions of the debt, when it shall be called for.” –Thomas Jefferson to John W. Eppes, 1813. ME 13:420

  7. artboyusa says:

    Welcome to AMERICAN OLYMPUS! True Stories of America’s Greatest Heroes – today’s American Hero…Congressman BARNEY FRANK! (With the government and its stooges flinging so much mud at individuals these days, its time to fling some back. ..)

    Born Barnett Frank in the Mafia-infested swamps of Bayonne, New Jersey on March 31, 1940 “Barney” Frank graduated from Harvard College in 1962. Barney’s first real job was as to become Chief Assistant to long time Boston Mayor Kevin “Comb Over” White in 1968. After four years the eager young lickspittle was ready to move up, being elected to the Massachusetts House of Representatives in 1972.

    Even in those early days Barney was a media darling. I remember him well; short and sweaty, double-bellied and triple-chinned, in a bad suit with food on his tie, with thick glasses and greasy hair that looked like he cut it himself, not to mention his shpeech impediment, the “charisma challenged” Barney made even the most embittered and alcoholic newshound feel glamorous by comparison.

    The Boston Globe couldn’t get enough of the wisecracking and morbidly obese new boy in town. “I’m a gay, left handed Jew” he’d spontaneously quip, with only a quick glance at the stack of 3×5 cards his staff had prepared for him.

    “Ha! Ha!” the appreciative reporters would titter, although for years they kept a discreet silence about the left handed thing. “Ha! Ha!”

    After eight years the Bay State no longer afforded Barney a forum capacious enough for his talents and in 1980, after the Pope told the incumbent, Father Robert Drinan, to remember that he was a priest for cryin’ out loud and to go do his real job, Barney ran for Drinan’s seat and was elected to the US Congress.

    It was during this crucial time that Barney finally decided to get himself together. After regular visits to the gym, contact lenses and a decent haircut, a new, body conscious Barney emerged, like a beautiful butterfly from some slimy, disgusting chrysalis. The media were again enthralled and “Barney: Before and After” stories blossomed like daisies after a spring shower.

    Everything was coming up Barney, if you know what I mean, so much so that in 1987 long time “dedicated bachelor” Barney broke the hearts of Boston’s most eligible debutantes when he went public with something that all the men who’d been banging him for years already knew, that he was a gay homosexual!

    Barney’s personal courage in publicly acknowledging something that was no longer a serious impediment to his career made him many new friends in the gay, lesbian, bi and BLT community. Alas, one of those new friends was a male whore who advertised his “hot bottom” services in the Boston Phoenix while running his prostitution ring from Barney’s apartment.

    Luckily for Barney, he knew nothing of these illegal activities. Even when he was paying “Hot Bottom” for sex, or putting him on his office payroll or fixing 33 of his parking tickets or writing on HB’s behalf to his parole board using Congressional stationery, his rock solid sense of propriety meant that he had no sense of any personal wrongdoing.

    Although the Boston Globe agreed with Barney’s point of view, the House Ethics Committee, strangely, did not and he was formally reprimanded in 1990.

    Brave Barney was able to survive this homophobic persecution; he took it like a man and he got off his knees and put it behind him and since that time of trial he has continued for 13 terms to serve as a beacon of liberalism and fair play in the halls of government.

    Barney, who has lately reverted to his earlier fat and sloppy persona, lives with his wife Jim in suburban Newton, MA. The devoted couple have no children because, even in this age of medical miracles, you still can’t have babies out of your ass.

    Can’t get enough Barney? Visit http://www.house.gov/frank for lots, lots more. Why not? You’re paying for it. Or check out his bestselling book “Frankly Speaking” –only $2.98 at a remainder table near you!

    (Sorry, sorry, SORRY. That gag about babies etc went a little too far, didn’t it? Forget I said anything – okay? Good. Forgive me, Barney, and believe me, my apology is every bit as sincere as the one you gave to the people of Massachusetts when you got caught breaking the law, you corrupt, bloated man pig you).

  8. Reality Bytes says:

    Sorry – wrong link – I swear this guy sounds just like Barney Frank – http://www.youtube.com/watch?v=tDaWs4v2U1A

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