Quote:
Originally Posted by spence
Frank is seen as someone who fights for the people and is one of the few in Congress who actually understands how the finance industry works. Like his policy or not, many believe he has value.
-spence
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Really? Im mean REALLY???
He gets how the finacial system works? Are you freakin kidding me? This guy had NO clue a crisis was coming, had no clue what to do to prevent it and he WAS CHAIRMAN OF THE FREAKING COMMITEE!!!!
All he knows how to do is react! And what was the reaction? The Frank-Dodd bill. Yup the two bafoons that were at the helm BEFORE the crisis have enacted the legislation to prevent a future one! And yes, there are some good things in the bill, but surpirise, surpirse, the bill creates another large govt oversight organization that has undefined powers, ie - more beauracracy.
Spence, Frank has one thing going for him, he is a Democrat in MA, thats all. Otherwise he would be history.