Thomas Sowell, Barney Frank and the housing bubble

[kevm14]

https://www.youtube.com/watch?v=Do6wp9Vydys

So I learned that Barney Frank is a grade A moron. Great.

[Adam]

https://en.wikipedia.org/wiki/Barney_Fr ... use_career

Frank joined the board of directors of the New York-based Signature Bank on June 17, 2015.

[Adam]

So I learned that Barney Frank is a grade A politician. Great.

Fixed.

[kevm14]

Wow I didn't know that. What a total asshole!

[bill25]

http://www.msn.com/en-us/money/markets/ ... spartanntp

Interesting...

The current terms of their bailout agreements require Fannie and Freddie to turn over nearly all profits to Treasury in the form of dividend payments. They are currently permitted to retain a capital buffer of $600 million apiece, and the level will fall to zero next year.