March 19, 2009
Is There An Antitdote To Barney Frank's Amnesia?
Barney Frank writes today at the Huffington Post
Memory eventually fails us all, but apparently the decline strikes one party far more than the other.
...
Fortunately, we have tools to aid memory -- pencil and paper, word processing, transcripts, newspapers, and the Congressional record. And as described in the most reputable published sources, in 2005 I in fact worked together with my Republican colleague Michael Oxley, then Chairman of the Financial Services Committee, to write a bill to increase regulation of Fannie Mae and Freddie Mac. We passed the bill out of committee with an overwhelming majority -- every Democrat voted in favor of the legislation. However, on the House floor the Republican leadership added a poison pill amendment, which would have prevented non-profit institutions with religious affiliations from receiving funds. I voted against the legislation in protest, though I continued to work with Mr. Oxley to encourage the Senate to pass a good bill.
Barney Frank voted against regulation numerous times. Not once did he vote for regulation of Fannie Mae and Freddie Mac. Instead he actively opposed regulation. He didn't believe there were any problems...
...and his Democrat cohorts assailed regulators while Republicans were sounding the alarm.
Voters in Massachusetts, you hold the antidote to Barney Frank's amnesia
Posted by Richard at March 19, 2009 10:36 AM
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