That was in 2003, and at that time Frank was correct.And I never claimed anyone could single handedly stop anything...what I pointed out was that it was George W. Bush who warned Frank that the way we were conducting Fannie Mae and Freddie Mac had the potential to be dangerous for our economy and it was Frank who denied that was the case. So who was right?
After that Bush appointed HIS man to head Fannie and Freddie in 2004 and the lending INCREASED!!!! Bush owns the housing crash.
Frank was no more correct in 2003 than he was in any year following 2003. You simply can't bring yourself to admit that the guy you on the left love to characterize as the village idiot...George W. Bush was completely correct when he warned about the dangers that the policies at Fannie Mae and Freddie Mac posed to our financial system...and Barney Frank was completely wrong!