Thursday, April 30, 2009
Barney Frank: "What housing bubble?"
Before the financial crisis, many members of Congress cheered subprime mortgages simply because they aptly served affordable housing goals. In this video, we see Barney Frank running interference for mortgage giants Freddie Mac and Fannie Mae several years before the feds had to step in to save them.
HT: SBVOR
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2 comments:
Hah that's a good one! Frank is as guilty as anybody. Good thing for him he's not a Republican or he'd be hanging from the rafters.
Career congressman if there was ever one he is the prefect example. He has never worked in the private sector a day in his life. He shows why the republicans are so pathetic. They think if they sound like democrat lite they will win elections, which is completely false and they need to run conservatives in the northeast and win this country back to its founding ideals.
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