Contrary

Barney Frank

If the Guinness Book of World records had a hypocrisy category, the winner would be Barney Frank, Chairman of the House Banking Committee. Let me revise that, he wouldn’t be the winner, they would retire the category.

When the housing bubble finally burst Mr. Frank called for prosecution of the people who caused the banking crisis.

The first person that Barney Frank should go after is Barney Frank. Frank and his Democratic friends brought down the banking industry by forcing banks to give loans to people who couldn’t afford them, then blunting Republican attempts to regulate the industry. In the video below Frank sits in a 9/10/03 House Financial Services Committee hearing and says Fannie and Freddie are sound, and there is no housing disaster coming.

Rest of the story

Advertisements

August 12, 2010 - Posted by | Uncategorized

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: