Posts Tagged ‘Barney Frank’

Famous Last Words

September 19, 2008

”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.”

September 11, 2003 in the New York Times

Will there be calls for Representative Frank to step down from his position? Will taxpayers ever tire of paying for government and quasi-government agencies that reward a handful with multi-million dollar year end bonuses and stick the taxpayers with the bill when they ultimately collapse under the weight of waste, corruption, and greed?