He was a ranking member of the house financial services committee. He blocked any tightened oversight on these government funded institutions. They played a HUGE role in the financial collapse by giving out mortgages to unqualified people.
He was a Minority member. You can't block stuff in the House.
Frank didn't sell any one a mortgage.
You really are quite uninformed.
He was one in charge of the oversight on Freddie Mac and Fannie Mae. I think it is you who is uninformed.
"On December 9,
The Atlantic published online an interview with Congressman Barney Frank. In it, he called me a "real extremist." This name-calling was not only false but also inappropriate to the seriousness of the issue -- which is whether government housing policy, and not the banks or the private sector, caused the 2008 financial crisis. I decided to respond to both Congressman Frank's statements and the questions he was asked about government housing policy and the financial crisis.
Congressman Frank, of course, blamed the financial crisis on the failure adequately to regulate the banks. In this, he is following the traditional Washington practice of blaming others for his own mistakes. For most of his career, Barney Frank was the principal advocate in Congress for using the government's authority to force lower underwriting standards in the business of housing finance. Although he claims to have tried to reverse course as early as 2003, that was the year he made the oft-quoted remark, "I want to roll the dice a little bit more in this situation toward subsidized housing." Rather than reversing course, he was pressing on when others were beginning to have doubts."