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Keyword: 2008economy

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  • Barney Frank 'Fesses Up on Financial Crisis

    09/23/2008 2:34:16 PM PDT · by markomalley · 26 replies · 976+ views
    US News and World Report ^ | 9/23/2008 | Sam Dealey
    Over the past few weeks I've been skeptical of claims by Rep. Barney Frank, chairman of the House Financial Services Committee, that he's been a consistent and leading voice for reform of Fannie Mae and Freddie Mac, the two government-sponsored home-lending giants whose fall is the immediate cause of the current financial turmoil. The Massachusetts Democrat and I went at it here and here and here. Now, finally, Frank acknowledges that he dismissed ample warnings about Fannie and Freddie shenanigans five years ago. Here's an exchange with CNN's John Roberts yesterday: ROBERTS: Congressman, you know, a lot—big question that people...