Barney Frank is and idiot and is one of the main reasons why the United States is in the sorry financial state.
By passing the Community Reinvestment Act, that is what got things going.
That particular law forced banks to make questionable loans. Most of the people that got these loans should not have gotten the loans because they can not pay them back.
Those types of people have to learn to settle, or work harder. Stay in apartments, and trailers.
Frank, Chris Dodd, and the others who had the blinders on about Fannie and Freddie need to go.
They have to understand that money does not grow on trees, there is no free lunch, and freedom don’t come free.
By passing the Community Reinvestment Act, that is what got things going.
That particular law forced banks to make questionable loans. Most of the people that got these loans should not have gotten the loans because they can not pay them back.
Those types of people have to learn to settle, or work harder. Stay in apartments, and trailers.
Frank, Chris Dodd, and the others who had the blinders on about Fannie and Freddie need to go.
They have to understand that money does not grow on trees, there is no free lunch, and freedom don’t come free.
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