About us Get email updates

Quick Clip

Print Email

Limbaugh forwards myths that Community Reinvestment Act, Rep. Frank responsible for mortgage crisis

April 03, 2009 3:29 pm ET

EMBED

Previously:

O'Reilly falsely claimed Frank "wanted to give mortgages to everybody"

On Fox, Barnes, Krauthammer echoed conservative claim that CRA played key role in subprime crisis

Myths and falsehoods about the purported link between affordable housing initiatives and the financial crisis

Limbaugh falsely asserted "Banking Queen" Barney Frank "created" subprime mortgage crisis

Expand All Expand 1st Level Collapse All

- by Limit Corp. Ownership (April 03, 2009 4:30 pm ET)
  
  Ol' Fathead is back to this now...
  Reaching back into his bag of lies.
  
  Reply Report Abuse
- by snoopy (April 03, 2009 6:36 pm ET)
  
  That Barney, he's a super senator! Singlehandedly thwarting the majority party at every turn! Except for the Iraq war. Oh, and Terry Schaivo. Oh, and the Clinton impeachment. And there's deregulation. And...
  
  Reply Report Abuse
  - by fairliberal (April 03, 2009 10:48 pm ET)
    
    Can anyone actually point to all of the deregulation of the Bush administration? This may shed a little light on the subject. http://www.ohiomm.com/blogs/da_kings_men/2009/01/14/bush-deregulation-caused-it-all/
    
    Reply Report Abuse
    - by fairliberal (April 03, 2009 10:50 pm ET)
      
      This contains a little more info about the deregulation you spoke of. http://blog.heritage.org/2008/09/23/did-deregulation-cause-the-wall-street-crisis/
      
      Reply Report Abuse
- by snoopy (April 03, 2009 6:42 pm ET)
  
  OT, but anyone want to bet it was a reichy who shot up the 12 or 13 immigrants who were taking their citizenship test today in NY?
  
  Reply Report Abuse
  - by oscar the grouch (April 03, 2009 7:36 pm ET)
    
    Early reports from a couple of sources say that the shooter may be of Asian descent.
    
    Reply Report Abuse
  - by theclocktowersniper8151 (April 03, 2009 8:25 pm ET)
    
    You must be disappointed. No Tim Macveigh this time. Keep your fingers crossed snoop, the reichys are lurking in the shadows, waiting to strike.
    
    Reply Report Abuse
  - by zamfir273114 (April 03, 2009 8:42 pm ET)
    
    Nope, another immigrant. Just like the one at Virginia Tech and just like the ones in the gang related shooting that occur on a daily basis. See how those stereotypes get us no where?
    
    Reply Report Abuse
    - by snoopy (April 03, 2009 9:13 pm ET)
      
      I have yet to see one report indicating he was another immigrant. Can you prove that?
      
      Reply Report Abuse
      - by LuvLuLu (April 03, 2009 9:29 pm ET)
        
        His name is either Jively Voong, or that may be an alias, but it's clearly a foreign name. On the Rachel Maddow Show, she just had a report on that said that his English was very bad, and he had recently told family that people were making fun of him because of that. He'd recently lost his job with IBM in Endicott, a nearby community. IBM laid off about 5000 employees a couple of weeks ago.
        It looks like he's been in the country for close to 3 decades. He's reportedly 42.
        
        Reply Report Abuse
- by terrapin53 (April 03, 2009 7:15 pm ET)
  
  From a section in the CRA: " (b) It is the purpose of this title to require each appropriate Federal financial supervisory agency to use its authority when examining financial institutions, to encourage such institutions to help meet the credit needs of the local communities in which they are chartered consistent with the safe and sound operation of such institutions."
  
  This act basically told the banks to behave with their loans.
  
  Reply Report Abuse
- by TheDayV (April 03, 2009 7:25 pm ET)
  
  Quick someone ballpark the % of his listeners who have tattoos?
  
  Reply Report Abuse
- by theclocktowersniper8151 (April 03, 2009 8:20 pm ET)
  
  Why should Congressman Frank(D) shoulder any responsibility for the subprime mortgage fiasco. His responsibilities as chairman of the banking services commitee, which provided oversight for the lending institutions of Fannie and Freddie(lending institutions designed to subsidize mortgage loans to people with less than average credit credentials, funded by mom and pop investors with their life savings and told the system was stable in aug of 08) should not be held against him by those trying to determine who may have not been performing their jobs at an adequate level. They should look elsewhere, say, someone who had nothing to do with the situation, as long as there is an R after there name.
  
  Reply Report Abuse
- by theclocktowersniper8151 (April 03, 2009 8:22 pm ET)
  
  In response to thedavy, the answer is 17%.
  
  Reply Report Abuse
  - by foghornleghorn (April 04, 2009 1:53 pm ET)
    
    So sayeth the voice of reason. Care to document an MMFA lie? How is this site communist? Not holding my breath for answers, by the way.
    
    Reply Report Abuse
    - by fairliberal (April 05, 2009 11:12 am ET)
      
      Here is an example of a MMFA lie, where they claim that racism was not used ny the dems in the Fannie Mae mess. http://mediamatters.org/countyfair/200904010010?show=1 now read Franks, words as repoprted by Huffy http://mediamatters.org/countyfair/200904010010?show=1 They also claim that the dems did not stand in the way of reregulation but here is what a dem had to say about it, http://online.wsj.com/article/SB122342293714213269.html That's for starters
      
      Reply Report Abuse

Barnes: "Obama ought to recognize that the science" of climate change "is in dispute"
November 25, 2009 6:47 pm ET
Beck: "Progressives have built up this wall of separation between church and state, and it's nonsense"
November 25, 2009 5:49 pm ET
After stating that "we left the Pharaoh," Beck says of Washington Monument: "Just like in Egypt. Isn't that strange?"
November 25, 2009 5:46 pm ET
Beck: Americans "are not fearful people"
November 25, 2009 5:33 pm ET
Beck: "We are stomping all over the Pilgrims this holiday"
November 25, 2009 5:17 pm ET
Beck: "The real goal of the progressive movement" is "control of your life"
November 25, 2009 5:13 pm ET

The other right-wing media mogul you should worry about
by Jamison Foser - November 25, 2009
Palin's book and Obama's bow: a media week to forget
by Eric Boehlert - November 23, 2009
Media Matters: The Palin chronicles
by Simon Maloy - November 20, 2009


	Username or Email Password Forgot your password? or Create An Account Email Username (required, for posting on forums) Zip Code Click here to subscribe to Media Matters action alerts and newsletters. or Log in to an existing account

Most Popular Tags

RSS Feeds

Get personalized rss or email alerts

© 2009 Media Matters for America. All rights reserved.