The D%$che-bag is still not taking credit for the unregulated fannie mae and freddie mac meltdown. This a$$hole lined his pockets to protect a company that has caused the worse economy since the depression.
If there is any justice in the US then Frank would be immediately kicked out of Congress and put on trial for corruptions. Made an example of and sent to a max security prison where his butt-hole will get a work-out!
How is this man not in jail? At the very least can you MA get a brain vote his a$$ out of Congress?
Even you liberals have to be angry!
Newsmax.com – Barney Frank: Housing Attacks Racially Motivated Quote:
Barney Frank: Housing Attacks Racially Motivated
Tuesday, October 7, 2008 11:25 AM
BOSTON -- Rep. Barney Frank said Monday that Republican criticism of Democrats over the nation's housing crisis is a veiled attack on the poor that's racially motivated.
The Massachusetts Democrat, chairman of the House Financial Services Committee, said the GOP is appealing to its base by blaming the country's mortgage foreclosure problem on efforts to expand affordable housing through the Community Reinvestment Act.
He said that blame is misplaced, because those loans are issued by regulated institutions, while far more foreclosures were triggered by high-cost loans made by unregulated entities.
"They get to take things out on poor people," Frank said at a mortgage foreclosure symposium in Boston. "Let's be honest: The fact that some of the poor people are black doesn't hurt them either, from their standpoint. This is an effort, I believe, to appeal to a kind of anger in people."
Frank also dismissed charges the Democrats failed on their own or blocked Republican efforts to rein in the mortgage companies Fannie Mae and Freddie Mac. The federal government recently took control of both entities.
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