Wednesday, November 11, 2009

Frank supported lower mortgage standards, balance the budget, and more links

One of my favorite new sites on the internet! Can you balance the federal budget?
free trade
"I do think I do not want the same kind of focus on safety and soundness that we have in OCC [Office of the Comptroller of the Currency] and OTS [Office of Thrift Supervision]. I want to roll the dice a little bit more in this situation towards subsidized housing."

—Representative Barney Frank, September 25, 2003

It was six years ago that Mr. Frank announced his famous dice roll on Fannie Mae and Freddie Mac in the name of affordable housing. Mr. Frank got his wish, and the losses keep rolling in, with no end in sight as Washington finds new ways for the companies to serve political purposes.
The importance of an individual mandate
Strongly disagree with the idea of a Fed for health, but some of the other ideas aren't bad.

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