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Barney said what?

Times

Times

Progressive Killer
Joined
Aug 28, 2007
Messages
4,067
***********This is political emkay****************

In a recent interview Barney Frank who was one of the key people who stopped the Republicans from adding protective regulations in 2004, said this:

?I hope by next year we?ll have abolished Fannie and Freddie?

"it was a great mistake to push lower-income people into housing they couldn't afford and couldn't really handle once they had it."

"I had been too sanguine about Fannie and Freddie."

Really Barney? Now you can see it was a bad idea? Why is it something this basic is difficult for those who want to "fix" America to see?

But does he really see this or is he now seeming to change his mind because he is getting a real challenge for his job? Is he just saying what he thinks people want to hear to save his job? I believe so. Barney and everyone else who was behind the forced loans to people who could not pay for those loans was a bad idea from square one, but they did it anyway. So why did they do it?

Because peopel like this really do believe in the redistribution of wealth and it being the responsibility for Government to make life "fair".
 
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