Monday, November 28, 2011

Loved by media, Barney Frank Helped Cause Financial Crisis

Loved by media, Barney Frank Helped Cause Financial Crisis - Latest Headlines - Investors.com
"I, like many others, did not see the crisis coming," Frank said Monday.
He sure didn't.
Back in 2003, what did he say when the Bush administration proposed what the New York Times described as "the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago," including a new agency to supervise Fannie Mae and Freddie Mac?
Frank said: "The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."

No comments: