Hey, Barney Frank: The Government D Peter Wallison December 13, 2011

An associate of this financial meltdown Inquiry Commission reacts to our meeting with Barney Frank, arguing that minus the federal federal government’s intervention, there is no housing crisis

On 9, The Atlantic published online an interview with Congressman Barney Frank december. Inside it, he called me personally a “real extremist. ” This name-calling wasn’t just false but additionally improper towards the severity of this problem — which can be whether federal government housing policy, rather than the banking institutions or even the personal sector, caused the 2008 economic crisis. I made a decision to answer both Congressman Frank’s statements therefore the concerns he had been expected about federal federal government housing policy as well as the crisis that is financial.

We are hearing Republicans within the presidential main blame the housing crisis regarding the Clinton-era push to provide more to the indegent. In your view, exactly just what caused the home loan crisis and later the crash that is financial?

Congressman Frank, needless to say, blamed the crisis that is financial the failure acceptably to manage the banking institutions. In this, he’s after the Washington practice that https://badcreditloanshelp.net/payday-loans-tx/ is traditional of other people for his very own errors. For some of their job, Barney Frank had been the main advocate in Congress for making use of the us government’s authority to force reduced underwriting criteria within the company of housing finance. Continue Reading