Deciphering the words of Barney Frank feels like swimming in spit with ear plugs in. That, and the man lies without compulsion. But hey, someone voted him in office so we have to deal. Spit and all.
“There were people in this society who for economic and, frankly, social reasons can’t and shouldn’t be homeowners,” Frank said. “I think we should, particularly, stop this assumption that you put everybody into home ownership.”Interesting idea, Rep. Frank.
In the video, he begins singing his own praises like a bird, a Tweetie Bird actually, about how he tried, oh desperately tried, by 2005 to stop this train wreck that is Fannie Mae and Freddie Mac.
"You're not going to see the collapse that you see when people talk about the bubble. So those of us on our committee in particular will continue to push for home ownership." Barney Frank
In other words: Bubble? What bubble? Fire up the federal subsidizing. We need more people who can't afford homes to get taxpayer supported home loans! Drinks all around. I need to wet my whistle.
He's tried this lie before. On a different channel. An old Chinese proverb says that if a silly man repeats his lies often enough, silly liberal media will help him.
Am I being unfair? Let's ask Bill.
Frank saying he didn't see the bubble but insisting we should listen to his opinion about the housing crisis is like a military commander directing his men into an obvious death trap while he watches the bloodshed from a mountain top, smokes a Havana, and applauds his skills as a military strategist.