VIDEO: The Famous Barney Frank Statement – “Fannie & Freddie” are just fine.

REPRESENTATIVE BARNEY FRANK STATES: FANNIE IS FINE:

REPRESENTATIVE FRANK WENT ON TO SAY PUSHING SUB-PRIME NINJA AND LIAR LOANS WOULD BE HIS PRIORITY – WHILE FRANK CRITICZED “GOLDEN PARACHUTES” – HE NEGLECTED TO MENTION IT WAS DEMOCRATS WHO WERE RECEIVING THEM AND HE DID NOTHING TO PREVENT IT …

McCauleysweblog: The following Articles describe the role of “political ideology” in the Financial Crisis – How Politics fueled the crisis:

Professor Stan Liebowitz: The Real Scandal – http://www.nypost.com/seven/02052008/postopinion/opedcolumnists/the_real_scandal_243911.htm?page=0

Professor Thomas J DiLorenzo: The CRA Scam and its Defenders: http://www.mises.org/story/2963

John R Lott, Jr : Analysis – Reckless Mortgages Brought Financial Market To Its Knees http://www.foxnews.com/story/0,2933,424945,00.html

2 Responses

  1. The title should be Fannie, Fweddie and Fwank.

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