June 24, 2009
An idea so stupid...
... it could only have come from a Congressional Democrat.
Ladies and Gentlemen - Barney "Real Man of Genius" Frank!
Yeah, what could possibly go wrong.
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Ladies and Gentlemen - Barney "Real Man of Genius" Frank!
Back when the housing mania was taking off, Massachusetts Congressman Barney Frank famously said he wanted Fannie Mae and Freddie Mac to "roll the dice" in the name of affordable housing. That didn't turn out so well, but Mr. Frank has since only accumulated more power. And now he is returning to the scene of the calamity -- with your money. He and New York Representative Anthony Weiner have sent a letter to the heads of Fannie and Freddie exhorting them to lower lending standards for condo buyers.
Yeah, what could possibly go wrong.
Posted by: DocJ at
01:27 PM
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