An American Idiot

Barney Frank blamed others for the mortgage industry meltdown while literally in bed with Fannie Mae.

On October 27, 2009, House Financial Services Chairman Barney Frank (D-Mass.) released the latest version of the most complex piece of the financial reform puzzle: solving the “too big to fail” problem by giving the federal government more powers to wind down major financial firms.

This is in pursuit of Fed policies which allowed mergers of already massive banks to form the very mega-banks which have failed. Continued …