Barney Frank’s Racist Legacy Posted By Daniel Greenfield
URL to article: http://frontpagemag.com/2011/09/20/barney-franks-racist-legacy/
While the worst financial crisis in the United States since the Great Depression was burning through businesses, jobs and credit like a forest fire, decimating the economy and leaving uncertainty in its wake—Barney Frank was looking around for oil to toss on the flames.On September 16, 2009, the United States House Committee on Financial Services met to discuss the Community Reinvestment Modernization Act of 2009. Underneath that progressive name was the formula to take the entire subprime mortgage crisis and multiply it across as many financial institutions as possible.
Presiding over those hearings was Barney Frank, the congressman who had done so much to bring about the crisis while suppressing the reforms that might have headed it off—and CRMA 2009 displayed the same grandiose level of irresponsibility that had taken down the economy and it was backed by the same poverty pimps who had caused the disaster.