Pin the tail on Barney

The video that had disappeared like magic has reappeared. In it O'Reilly does an admirable job of pointing out to Barney that Barney screwed the pooch in July 2008and recommended Fannie/Freddie going forward, one of the worst, if not THE worst recommendation in the history of the world. Well, ok. Maybe telling everyone how safe the Titanic was safe was a wee bit worse.

What's interesting in this is that in Barney's sputtering defense, he claims that it was he, Barney Frank and his band of Demo donkeys that had the first opportunity to pass a bill to stop the problem after Obamie's Heroes lied enough to win in 2006 and take complete control of Congress.

Link to video. Pay close attention starting at about the 1 minute 50 second mark.

Now, how can you tell a Demo is lying? His lips are moving!

From an earlier post:

Shall we do something that the MSM can't seem to do? Use Google?

(From the source article) "The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.

Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.

The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.

The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac -- which together have issued more than $1.5 trillion in outstanding debt -- is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates." (End quote from source.)

"And before you say, "About time Bush did something," that was 9/11/2003.

Well, the Demos shot it down."

(From source article)''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''

Representative Melvin L. Watt, Democrat of North Carolina, agreed.

''I don't see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing,'' Mr. Watt said.(End quote)

Link to post with further links to NYTimes

You know, what I can't figure out is why the LSM can't do what I just did above and show it to millions? I am one old ROF who does this in my spare time when I feel like it. Look! This is important stuff! This guy sat right their and lied through his teeth! Yet he is in charge of the House Finance Committee and will get re-elected again in 2010 by the unknowing and uncaring voters in MA.