Barney Frank, entering hospice care, embarks on a final act: Taking on the left

[RoshawnMarkwees]

I’d take his statement more seriously if he’d shown contrition for all of the policies he advocated for that led to the conditions he says he opposes.
I hope he stays comfortable.

 

[g5000]

As I recall, wasn’t Barney Frank one of the legislators who pushed through the legislation which caused the 2008 financial crises?

Barney Frank killed any legislation which would have reduced the GSE's portfolios during the housing bubble.

George Bush tried to push through legislation which would have reduced the GSE's portfolios. Bush's motives were not pure. He wanted to restrict the GSEs market share so Wall Street could expand THEIR market share. Its all about the donors.

Frank not only opposed limiting the GSEs portfolios, he enabled them to take on huge subprime and Alt-A risks which were way outside their mandate.

It was not until after the crash that Frank finally saw the light. Too late.