Sunday, August 22, 2010
"I hope by next year we'll have abolished Fannie and Freddie,....it was a great mistake to push lower-income people into housing they couldn't afford and couldn't really handle once they had it....I had been too sanguine about Fannie and Freddie."
Barney Frank to Larry Kudlow
Well, now that we have a housing meltdown he realizes that his policies were a mistake. Great.