Barney Frank Asks Freddie and Fannie to Relax Their Lending Standards
Fool me once, shame on you. Fool me twice, shame on me.
Barney Frank is at it again. He is asking Freddie Mac and Fannie Mae to relax their lending standards. This means Frank wants to repeat the same program that allowed all those people who couldn’t afford houses another chance to get into houses they can’t afford again. This is a recipe for more toxic assets. After debate with Bill O’Reilly on the subject denying this very thing, he is once again promoting easy loans for people who aren’t credit worthy.
Congressman Frank asked the lending programs to make adjustments in a letter written with Anthony Weiner to make purchasing condominiums easier. Here we go again. Do Democrats ever learn? Someone needs to get Frank off of the Financial Services Committee. This is insanity!
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