Barney Frank, chairman of the House Appropriations Committee, said this today, after the $700 billion bailout failed on the House floor:
We also have — as the leader will tell you, who’s been working with them — don’t believe they had the votes, and I believe they’re covering up the embarrassment of not having the votes. [...]
Tags: · bailout, barney frank, congress, conyers, defazio, filner, green, jackson jr., leadership, lee, peterson, salazar, serrano, stark, thompson, woolsey
What caused this financial mess we’re in? Why have Freddie Mac, Fannie Mae, Bear Sterns, and other banks gone belly-up? Google this: “Community Reinvestment Act 1995.” Look around at some of the links. One of them leads to an article written in April of this year at the Mises Institute by Thomas DiLorenzo. He summarizes [...]
Tags: · barney frank, community reinvestment act, cra, economics, fannie mae, finances, franklin raines, freddie mac, maxine waters, mortgages, politics