Guess who is one of our experts?..... Barney Frank.........

[Stuart G]

Barney Frank.

I hope he gets in their face and tells them where they can all go..

"Barnett "Barney" Frank (born March 31, 1940) is an American politician and a member of the United States House of Representatives. He is a Democrat and has represented Massachusetts's 4th congressional district since 1981. The district includes many of Boston's southern suburbs — such as Brookline, Newton, and Foxborough — as well as the South Coast.

Chair of the House Financial Services Committee

As Chairman of the House Financial Services Committee, Frank "sits at the center of power".<28> Thomas Mann, a senior fellow at the Brookings Institution, was quoted as saying, "He is one of the giants of Congress, a real legislator," in his new role.

In 2003, Frank rejected Bush administration and Congressional Republican efforts for the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis. <29> Under the plan a new agency would have been created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.<30> "These two entities, Fannie Mae and Freddie Mac, are not facing any kind of financial crisis," Frank said. He added, "The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."

As chairman, Frank steered the major housing relief bill of 2008 to passage, which aims to protect thousands of homeowners from foreclosure.<28> This law, H.R. 3221, The American Housing Rescue & Foreclosure Prevention Act, was the most important and complex issues on which he worked. Frank was also instrumental is the passage of H.R. 5244, the Credit Cardholders’ Bill of Rights Act of 2008.< [br />
Frank is the current chairman of the House Financial Services Committee............."

Wikepedia...for more infor,,,

[grannie4peace]

1. i like barney!!!!!

[SmokingJacket]

2. I heard him on the radio this morning and he was surprisingly muted.

Damn, I wanted him to scream from the rooftops about this.

[elifino]

5. This might be why he was muted

The Wall Street Journal quoted Congressman Barney Frank, D-Mass., in 2003 as criticizing Greg Mankiw "because he is worried about the tiny little matter of safety and soundness rather than 'concern about housing.'"

Frank, chairman of the House Financial Services Committee, rejected a Bush administration and Congressional Republican plan for regulating the mortgage industry in 2003, saying, "These two entities – Fannie Mae and Freddie Mac – are not facing any kind of financial crisis." According to a New York Times article, Frank added, "The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing."

[SmokingJacket]

8. I guess that WOULD explain it. nt

[Mojorabbit]

10. whoops nt

[gateley]

3. One of our experts on/for what?

[Stuart G]

4. The Banking Mess, and this 700 Billion Bailout..

He is Chairman of the House Finance Committee.

[gateley]

7. Oh -- good! He really knows his stuff - so glad to hear that!

Wish we'd add Paul Krugman, too. Thanks!

[BlooInBloo]

6. There are few people better at getting in your face than Frank.

[Stuart G]

9. More on Barney...

Not only is he very bright, good humored and eloquent, he is one of the most liberal members of Congress. As Chairman of Finance, he is probably discussing this mess right now as we write. Certainly in the morning if they get back to writing this bill..