Frank Hypocrisy

Explaining to Charlie Rose why we’re in the financial mess we’re in, Democratic Congressman Barney Frank, Chairman of the House Financial Services Commitee, said there was a “ lack of appropriate regulation .”  Interesting that this man who decries an absence of private sector regulation was so loath to regulate Fannie Mae and Freddie Mac, the government -sponsored enterprises at the center of this mess: His record is close to perfect as a stalwart opponent of reforming the two companies, going back more than a decade. The first concerted push to rein in Fan and Fred in Congress came as far back as 1992, and Mr. Frank was right there, standing athwart. But things really picked up this decade, and Barney was there at every turn Hmmm. .. going back to 1992? Wasn’t Barney then partnered to a man who worked at Fannie Mae ? Interesting that a man who blames the crisis on a paucity of regulation of the private sector has a long record of opposing ...