An associate for the financial meltdown Inquiry Commission reacts to our meeting with Barney Frank, arguing that minus the federal government’s intervention, there is no housing crisis
On 9, The Atlantic published online an interview with Congressman Barney Frank december. He called me personally a “real extremist. Inside it, ” This name-calling had not been just false but in addition improper to your severity of this issue — that will be whether federal government housing policy, and never the banking institutions or the personal sector, caused the 2008 crisis that is financial. I made a decision to answer both Congressman Frank’s statements in addition to questions he had been expected about federal government housing policy together with crisis that is financial.
We are hearing Republicans into the presidential main fault the housing crisis in the Clinton-era push to provide more to the indegent. In your view, just exactly just what caused the home loan crisis and later the economic crash?
Congressman Frank, needless to say, blamed the crisis that is financial the failure acceptably to modify the banking institutions. In this, he could be after the Washington practice that is traditional of other people for his or her own errors.Read More »Hey, Barney Frank: The Government D Peter Wallison December 13, 2011