Barney Frank Lies About His Role In the Housing Bubble

by Sep 18, 2013Liberty & Economy, Video2 comments

This is awesome. Peter Schiff absolutely destroys Barney Frank.

This is awesome. Peter Schiff absolutely destroys Barney Frank.

Video description:

Barney Frank, one of the primary villains during the housing bubble, tries to rewrite history to paint himself as the hero. Discussing the five-year anniversary of the Lehman Brothers bankruptcy on CNBC, Barney Frank claimed to have pushed for rental housing over home ownership back in 2004, as he was skeptical about the housing market. He also claimed to have proposed legislation to deal with those concerns, but that Republicans blocked his efforts. However, in 2005 on the House floor, Barney Frank lead an effort to defuse growing concerns about the housing bubble and the risks it imposed on the broader economy. Frank claimed that such concerns were excessive, that a housing bubble did not exist, that mortgage debt was not a problem, that large price declines would not occur, and that housing did not pose any broader economic risks to the banks or the broader economy, which is why he would continue to push for home ownership!

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About Jeremy R. Hammond

About Jeremy R. Hammond

I am an independent journalist, political analyst, publisher and editor of Foreign Policy Journal, book author, and writing coach.

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2 Comments

  1. John Gardner

    Should anyone have gone to jail? Yes Andy, and you can start with the two people you have sitting across from you.

    Reply
  2. Chuck Morse

    Barney Frank and the Law of Unintended Consequences: How the Frank Amendment Helped Terrorists get Legal Visas by Chuck Morse
    Link: http://amzn.com/B006O6NORU

    Reply

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