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Barney Frank Does Not Believe a Housing Bubble Exists Although He Created it

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Uploaded on May 23, 2010

Barney Frank may be the most dangerous person in Congress. In 2005 he did not believe there was a housing bubble. Whenever a government program goes wrong, he blames a lack of regulation and the need for more legislation. However our current financial and economic crisis, like all others, resulted from ineffective regulation (that most made the mistake in relying on) and legislation that initially created and eventually further compounded and exacerbated the problem into a complete crisis. Said Barney Frank on September 25, 2003: "I want to roll the dice a little bit more in this situation towards subsidized housing."

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