Thursday, June 24, 2010

Barney's Fairy Tale

Rep. Barney Frank on government regulations: “The general fear that the banking members, that we’re going to over regulate on behalf of consumers is a fantasy unrelated to any human experience. The federal government has never done that.”
Tell me again why the banks were knowingly making loans to people and failing to ask whether or not they actually had any income?  Or were even in the country legally? Or stopped the oil sucking boats to check on life vests?  Or stopped the dredging?  Or keeps out the foreign oil-gathering specialist equipment?Or forgot to regulate the BP rig properly? Or failed to buy enough fire booms to meet immediate needs of containment.

Yeah, Barney, tell me more.

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