Barney! Say It Isn’t So.
Barney Frank lauded, flacked and defended the two institutions many people feel were major factors in the collapse of the mortgage market and, through them, the housing and construction industries. Barney Frank Fannie and Freddie, the two government entities which had been producing most of the high-risk paper, bundling it and selling it to other mortgage banks. Eventually, the market turned toxic with bad mortgages | Read More »