Tuesday, October 26, 2010

Speaking Frankly

Our friends at Verum Serum http://www.verumserum.com/ (a political blog) have posted several videos concerning Congressmen Barney Frank.
In the most recent video Congressman Frank denounces the concept of pushing home ownership on those who cannot afford to pay the mortgage:
In an earlier video Barney Frank extols the virtues of home ownership for all:
In the above video Barney presents a profound economic theory on the nature of “asset bubbles” and his theory that housing prices will not collapse because housing is a real asset not a financial instrument.
These 2 videos expose Barney’s ability to distort the facts and to make completely false statements in order to promote his political career.
Also there is this compilation of videos about Barney’s opinions of Fannie May and Freddie Mac:

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