Barney Frank, the key Congressman on financial services legislation, is pressing Fannie Mae and Freddie Mac to lower their lending standards for buyers of condos.
This is consistent with Frank's comments during the housing boom, when he said he wanted Fannie / Freddie to "roll the dice" on making mortgage loans.
The first "roll of the dice" was a major contributor to our financial crisis. And now Barney Frank wants to do it again.
Since we, as voters, let him get away with his role in promoting the financial meltdown we have suffered, we ultimately have no one to blame but ourselves.
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