Quote:
Originally Posted by dculkin
Man, that's brutal. I would love to hear Barney's explanation of that quote.
I became a big fan of Barney Frank's during the Clinton impeachment hearings. He repeatedly ran intellectual circles around the Republicans on that Committee.
Franks is no dummy, but he seems to have missed it on Fannie and Freddie. On the other hand, the whole debacle is so confusing, I don't know what to make of that quote.
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To this day he is arguing to keep down payment assistance with FHA, which makes FHA a 100% loan in a loophole kind of way. Fundementally I'm against it because I believe that debtors have a lower chance of defaulting because of the out of pocket investment, the greedy part of me wants Barney to get his way because it enables more people to buy homes.