Rep. Barney Frank...just your typical cowardly politician

Barney Frank is responsible for many investors losing their money. Ignoring the major role he played over many years in blocking the efforts of concerned Republicans, Independents and Democrats in blocking any meaningful and timely changes in oversight of Fannie and Freddie. He, as O'Reilly shows, basically assured investors that they were financially sound investments going forward (something he knew to be false). That encouraged people to stay in and others to get. Frank is ducking the blame. As Chairman of the committee that is chiefly responsible for the the over-sight and regulation...he is more resposible than anyone outside of Fannie and Freddie. When the person in charge of the over-sight tells people things look sound going forward, instead of warning of the problems...that is as bad as the Bear Stearns Chairman telling people they are ok, then going under 3 days later. Actually it is worse because it was Frank's job to protect American tax-payers and investors.

Bill O'Reilly is 100% right about Barney...

DB
Chicago