Barney Frank attempts to throw a red herring in the ring in order to get the heat off his own tail for the HUGE part he played in NOT restricting Fannie May and Freddie Mac (even though Congress was warned 2-3 years ago by both George Bush and Senator John McCain (among other conservatives).
About halfway thru you hear Barney Frank from just this past July 14, 2008 he’s on record here outright lying about his part in the now infamous Freddie Mac/Fannie Mae scandal.