Wednesday, December 14, 2011

Is Anybdy Surprised?

As Barney Frank "retires," the media extols his “accomplishments” while ignoring his role in the housing crisis (He authored the Citizen’s Reinvestment Act of 1977 that forced lenders to loan money to people they KNEW could never repay it, a “recipe for disaster”). He also created and defended Fannie and Freddie, two “money pits” for the feds, created to “keep the lid on” until they needed it to get Democrats elected in 2008. These two actions alone are the biggest contributors to the financial disaster in which we now find ourselves. Barney, instead of being praised, should be charged with many crimes and sent to prison while the lenders who survived this insurrection should be given medals. (Media Research Center)

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