Posts tagged with ‘economy’

WHAT?

I’m betting that we’re seeing a breakup here between Mr. Frank and one of the male prostitutes he unknowingly has in his basement that ran the company or a soon-to-be-announced investigation of the two entities. Frank has been tied at the hip to these two and could easily be blamed for part of the disaster that was the “subprime mortgage crisis” at the start of this entire economic mess we’re in.

In his role on the House Financial Services Committee,  he played a huge part in creating and maintaining the government intervention that severely distorted the lending markets. Whether or not he ever uttered a comment along the way about overdoing home ownership, Frank’s actions helped to create and maintain those policies, and he defended them repeatedly over the last twelve years.

So what gives? Just last year, Frank and his allies were busily claiming that the free market caused the collapse, and that only government intervention could restore American prosperity. Eighteen months into the Obama administration, Frank now wants to sound like a born-again acolyte of Adam Smith, or at least as close as Frank can approximate such a pose. With this and his team-up with Ron Paul, is this guy pulling an about face to try and get his hands clean before it all sinks or what?