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The Spectacle Blog
David Wessel reports that Rep. Barney Frank of Massachusetts has written the forward to the paperback editon of Bush Treasury secretary Hank Paulson’s book on the financial crisis. Apparently Frank is very forthright about the crisis and the subsequent federal response. He writes:
- “By 2009, with President Bush out of power and the Democrats in control of both houses of Congress and the presidency, Republicans no longer needed to appear reasonable…. Had the situation been reversed, Democrats would have behaved similarly.”
- “Partisanship is a legitimate concept that has been discredited by the excesses of too many of its practitioners.”
- Assertions that actions taken during the financial crisis were aimed at protecting Wall Street “could not be more wrong. We were convinced then - and are still convinced now - that our efforts were essential to preventing a wide-scale economic collapse.”
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More Blog Posts by Joseph Lawler
http://spectator.org/blog/2011/02/17/barney-frank-writes-some-reaso
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Oldefarte| 2.17.11 @ 2:08PM
The only ELMER FUDDISMS that many of us are interested in are the descriptions of occurrences within his [and his boyfriend's] apartment from which SOLICITATION SERVICES were supposedly happening!!!!!!
Bill Hussein O'Stalin| 2.17.11 @ 3:21PM
It shows you how they are all in bed together, while claiming "we were innocent." Paulson and his book should should be thrown into the nearest trash bin. OOOPS! No civility there!
Occam's Tool| 2.18.11 @ 1:23PM
Barney is an idiot on many topics. On the nuts and bolts of politics and how it is run, he actually is fascinating to listen to. The guy knows a lot about politics. Unfortunately, he knows nothing about economics. Sort of the mirror image of Krugman, except Krugman has no clue why free markets work because he knows nothing about psychology.