Way back on September 26 I posted a video called Mortgage Meltdown which showed legislators like Barney Frank protesting muchly to the tune of "Fannie and Freddie don't know nuthin' about birthin' no problems."
Today I read that Barney Frank thinks folks like himself should have the ability to set wages of employees in private companies in the USA. Hmph. Funny how there's no mention of salary caps for film stars or athletes, or politicians, for that matter.
Anyhoo, before Barney Frank is given the keys to regulating yours or my incomes, I think we need to revisit what a brilliant job he did manning the helm of the capsizing Fannie and Freddie programs. I went back to this video I posted here, and it turned out it had been banned by Time Warner on YouTube. It all stinks on ice.
I think the other version included c-span clips of Barney Frank and others protesting the implication there needed to be investigation into Freddie Mac and Fannie Mae, saying there was no problem with these loan guarantors. If Barney Frank was supposed to be minding the store on the mortgage industry and failed so miserably, how can anyone think he's capable or worthy of riding herd on private industry?
April fools, indeed.