Barney Frank is not impressed with John McCain’s involvement in credit melt down:
“McCain is Andy Kaufman in his Mighty Mouse costume – ‘Here I Come to Save the Day,'” Frank said as he left a Thursday morning caucus meeting with House Democrats, saying the Republican presidential candidate’s decision to enter the mix “is not helpful
“He hasn’t been involved,” Frank said. “He doesn’t know anything about it
For his part Frank has long been involved in Freddie and Fannie mess. His knowledge and insight are are less than impressive. For our part, we say that Bitsblog is not too impressed by Frank, about a one minute into the video:
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Hat tip: John McCormack, Weekly Standard. [1]
Senator Chuckles, a/k/a Charles Schumer involvement, priorities and judgement are also noted. Note, both Frank and Chuckles linked tighter regulation of Freddie and Fanny to a decrease in “affordable housing.” The red flags were raised and the ilk of Frank, Chuckles and Chris Dodd ignored the warnings.