Barney Frank Comments UNBELIEVABLE! Contrast to McCain -
September 26th, 2008, 11:13 AM
Barney Frank has the nerve to blame the current crisis on Republicans!!
Check out these two quotes:
Barney Frank on Fannie Mae/Freddie Mac and the need for more oversight:
''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.''
John McCain regarding new oversight of these entities in 2006:
I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.I urge my colleagues to support swift action on this GSE reform legislation.