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To: Darkwolf377

I honestly don’t know if he has any expertise in the field, the thing that makes me doubt it strongly is he was a major player in getting us into this mortgage fiasco.


42 posted on 03/23/2009 9:02:18 PM PDT by jazusamo (But there really is no free lunch, except in the world of political rhetoric,.: Thomas Sowell)
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To: jazusamo
His degree is in law. I looked on Wikipedia and found nothing in his career that indicates he knows anything about banking.

"In 2003, while the ranking Democrat on the Financial Services Committee, Frank opposed a Bush administration proposal for transferring oversight of Fannie Mae and Freddie Mac from Congress and the Department of Housing and Urban Development to a new agency that would be created within the Treasury Department. The proposal reflected the administration's belief that Congress "neither has the tools, nor the stature" for adequate oversight. Frank stated, "These two entities...are not facing any kind of financial crisis.... The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."[42] He clarified in 2009 that Fannie and Freddie were not in crisis at the time and many financial institutions, like Lehman Brothers, also fell into crisis from 2003 to 2008.[43]"--Wikipedia

45 posted on 03/23/2009 9:08:24 PM PDT by Darkwolf377 (Obama Fatigue sufferer)
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