Nice, find a quote from before the bubble formed, at a time when neither of the GSEs had ANY involvement in sub-prime loans, and use it to discredit him after the bubble burst. Rediculous assertion.
[quote=SD Realtor]Basically AK if you actually look at the patterns of Franks comments and relentless PURSUIT of rejecting increased regulation of the GSEs he didn’t make one single misinformed statement. He REPEATEDLY fought regulation on the GSEs.
Google it yourself.[/quote]
Fought regulation? I think you have it backwards. He’s one of the few in congress that opposed Graham-Leach-Bliley in 1999, which deregulated the line between investment banks and commercial banks. He co-sponsored tighter regulations for the GSE’s, got a bill passed in the house in 2005, but it died in the Senate. Now which regulations of the GSE’s did he fight? Which increased regulation did he reject?
Can’t really find anything other than youtube videos which don’t really say much of anything other than titles which misrepresent their content? Like i said, heavy on political rhetoric, light on actual evidence.
