MovieChat Forums > Inside Job (2010) Discussion > How can they treat Barney Frank as a goo...

How can they treat Barney Frank as a good guy?!

posted 13 years ago by bbagnall
4 replies | jump to latest

Barney Frank is the guy who supported Freddy Mac and Fannie Mae (two non-free market government created institutions) that were at the center of this housing bubble that kicked off the economic bubble. He actually rebuffed George W. Bush's attempts to investigate some early problems that were happening with these institutions.

The movie doesn't even mention that Herb Moses, a senior executive at Fanny Mae, was Frank's lover. Nor does it mention Fanny Mae contributed a whopping $40,000 to Frank's campaigns.

And what about the Federal Reserve? They are at the epicenter of the current financial mess. (The solution is what Ron Paul has been advocating for a long time, which is a return to sound money, and allowing free-market money via competing currencies.)

How are we supposed to take this movie seriously? It seems like misdirection rather than a serious attempt to pinpoint the root problems with the financial system.

[–] dwendt_99 13 years ago

bbagnall, the left-wing posters on IMBD do not respond to reason.

[–] DashCommand 13 years ago

LOL, so true. As soon I saw Frank being portrayed that way I knew this wasn't going to be a serious documentary and we were entering Micheal Moore "documentary" territory.

[–] daenku32 13 years ago

Ron Paul is a crackpot when it comes to money. There is no nicer way to put it.

Barney Frank wanted to investigate the two GSOs and place additional regulation onto them. And no, they were not "in the center of the housing bubble". They were both late comers, who were chasing the profits and marketshare that the private banks were getting by packaging predatory junk loans as prime loans, thanks to the private rating agencies.

What you are repeating is the Big Lie over mortgage crash. If you Google it you'll find Joe Nocera taking it right down, as will plenty of others, like Barry Ritholtz.

[–] Vashramana 13 years ago

They weren't portraying him as a good guy or bad guy...He was just giving his two cents.