Prosecute Bailout Bad Guys? Okay, But Barney Goes First.
You know, for the first time in his entire political life, Barney Frank said something that actually made sense.
I am asking very firmly the attorney general, and I’ve checked with the Judiciary committee and we have a cooperative effort here – they’ll be working on this as well…But, we’re going to have a hearing with the attorney general, and the FBI, the Securities and Exchange Commission, the bank regulators, the representatives of the state attorneys general and the state securities administrators, and we have a question that they are being asked now – what are your plans to prosecute those people whose irresponsible and in some cases criminal actions help bring about this crisis that will be both criminal and civil?
I think this is a marvelous idea! When can we start issuing subpoenas? The first one should be really easy to serve, what with Barney Frank’s office being not very far from the Attorney General’s office and all. I’m sure that the Congressman will cooperate, since it was his idea and it wouldn’t do for him to show a bad example to everyone else.
The investigators can start working from this “irresponsible” quote made as Frank was doing his dead-level best to stop any reform of Fannie Mae and Freddie Mac before they blew up in our faces and put a gaping hole in the economy?
I do think I do not want the same kind of focus on safety and soundness that we have in OCC [Office of the Comptroller of the Currency] and OTS [Office of Thrift Supervision]. I want to roll the dice a little bit more in this situation towards subsidized housing.
[Emphasis mine]
He rolled the dice and we all crapped out.
So, yes, by all means let’s prosecute someone for their “irresponsible and in some cases criminal actions“.
Barney Frank gets to go first.
Other Posts of Interest:
- Shooting Craps with the Economy
- Barney Frank Lets His Totalitarian Flag Fly
- Barney Frank is a Cunning Fox, Isn’t He?
Category: Our New Democratic Overlords, The Economy and Your Money
