…”years of irresponsible failure to regulate have led us” to this crisis.
He fails to add the little detail that the “irresponsible failure to regulate” was his own, as Chairman of the House Financial Services Committee, when he was the leader of attempt after successful attempt to block Republican calls for better regulation of Fannie and Freddie.
Fox News points it out, but how many people know? And Frank counts on most of the MSM to cover his sorry butt, just as the Boston Globe does here.
Monica Crowley was also on the minute or two of Fox cable news where I just viewed the hypocritical Frank quote. She was spitting mad, as am I. Crowley said,
“They [Frank and Chris Dodd, his Senate counterpart] should be going around Washington with bags over their heads.”