Barney Frank… Enough said huh? Well, not really, the ramblings of this man today at his press conference only compounds my confusion as to how he remains to be a person of influence in our federal government.
Barney Frank became the Chairman of the House Financial Services Committee in 2007 when the Democrats took control of the House. Now that may seem innocent enough, after all Mr. Frank is a Harvard Law School Graduate and in Washington we know that means everything, but in 2003, while the ranking Democrat on the Financial Services Committee, Frank opposed a Bush administration proposal for transferring oversight of Fannie Mae and Freddie Mac from Congress and the Department of Housing and Urban Affairs Development to a new agency that would be created within the Treasury Department. The proposal reflected the administration's belief that Congress "neither has the tools, nor the stature" for adequate oversight. Frank stated, "These two entities...are not facing any kind of financial crisis.... The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."
A few more tidbits on Mr. Frank’s resume in congress…
In 2006, Frank was one of three Representatives to oppose the Respect for America's Fallen Hero's Act, which restricted protests at soldiers' funerals.
Frank has a 100% rating from NARL. He voted against the Partial Birth Abortion Ban Act, against the Unborn Victims of Violence Act and against the criminalization of the transportation of minors across state lines by non-family members to circumvent local abortion laws.
In March 2008, Frank proposed the Personal Use of Marijuana by Responsible Adults Act of 2008 (HR 5843), which would decriminalize small amounts of the drug.
Barney Frank’s guidance and influence has been a main contributor to the current financial mess our mortgage industry is in and this congress continues to allow him a pulpit to spew his inane ideas to those who will listen.
Barney Frank is one of the top respected democrats in Congress… should it really be tough to turn this thing around??