Tuesday, October 26, 2010

Barney Frank's Incompetence, Politics Made Financial Crisis Worse


Barney Frank's Incompetence, Politics Made Financial Crisis Worse

There is probably no more disgusting Congressman in the House of Representatives than Barney Frank. He was a prime mover in setting up the housing crash through some of the worst legislation--which he defends today--in the history of the nation. He prevented inquiries into the practices of Fannie Mae and Freddie Mac at a time when those inquiries, followed-up by appropriate legislation, could have prevented the current housing crises. But he argued against those inquiries saying that all was just fine with Fannie and Freddie. It's almost as if the current crash was part of plan were it not that Frank is so clearly incapable of doing much more than sounding like Elmer Fudd while he blusters and shouts people down.

I'm keeping my fingers crossed that the people of his district in Massachusetts will give him the pink slip he so richly deserves.

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