Congressmen ask Fannie and Freddie to relax loan rules, again

I’ve never been impressed by Rep. Barney Frank’s caterwauling.  It always smacked of being intellectually dishonest (like Keith Olbermann) with not a little economic ignorance thrown in.  Now there’s proof that I was right.  Frank, and one other congressman, have asked Fannie and Freddie to relax loan rules once again.   This is, of course, the very kind of policy that got us into this mess. “Insanity,” said Albert Einstein, “is doing the same thing over and over again and expecting a different result.”

About these ads

One Response

  1. Absolutely astonishing, but not at all unexpected. Can a leopard change its spots?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

%d bloggers like this: