His name? Democrat Barney Frank, and the $200 billion bill stuck to taxpayers by the Fed:
Taxpayers are now on the hook for as much as $200 billion to rescue Fannie Mae and Freddie Mac, and if you want to know why, look no further than the rapid response to this bailout from House baron Barney Frank. Asked about Treasury’s modest bailout condition that the companies reduce the size of their high-risk mortgage-backed securities (MBS) portfolios starting in 2010, Mr. Frank was quoted on Monday as saying, ‘Good luck on that,’ and that it would never happen.
This is total crap. Our friends at Save the GOP pile on
:
200 years ago, our citizens would have burned down the Capitol if something like the Fannie/Freddie mess had happened. Now days, it just tells us all to become bankers, after all, no banker pays any price for their mistakes in this country.
After having watched John Adams while Mrs. Kenney is reading the book, I can’t help but come to the same conclusion.
Jefferson is doing RPMs in his grave at Monticello right now…