National Debt Clock

Thursday, June 25, 2009

Barney Frank asks Fannie, Freddie to Relax Condo Loan Rules

"Back when the housing mania was taking off, Massachusetts Congressman Barney Frank famously said he wanted Fannie Mae and Freddie Mac to "roll the dice" in the name of affordable housing. That didn't turn out so well, but Mr. Frank has since only accumulated more power. And now he is returning to the scene of the calamity -- with your money. He and New York Representative Anthony Weiner have sent a letter to the heads of Fannie and Freddie exhorting them to lower lending standards for condo buyers."

Let's reward incompetence, that will fix the economy.

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