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« Why Didn't Obama Say It? Petraeus Said that Iraq is Not the Sort of Action Where You Expect Victory | Main | House Finally Passed Contracting Reforms »

September 30, 2008


Close Observer

So 12 of the 17 Democrats (more than needed to pass the bill) on the committee that Barney Frank chairs vote AGAINST the bill ... and it's the Republicans fault. Gosh - penetrating analysis there!

This is the same Barney Frank who in 2003 said, "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."

This was on a reform package initiated by the Bush Administration that even the NYTimes called "the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago."

Oh, but Democrats like Frank and Chris Dodd blocked it. So it's the Republicans fault. Brilliant!

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