Posted by
Boomer911 on Friday, October 03, 2008 12:13:56 PM
In what is one the greatest segments Bill O'Reilly has ever had on his program, Barney Frank, one of the contributors to the Freddie Mac and Fannie Mae meltdowns, sends Bill over the edge when he denies his involvement in the crisis. O'Reilly plays a video clip of Frank reportedly telling people both Freddie and Fannie were good and stable investments. Millions of people bought stock in the two after hearing Frank speak of the solid footing both institutions appeared to be on and those same people have since lost a ton of money. After denying what he said on the video O'Reilly had just played, Barney Frank really gets Bill's blood up and he really lets Frank have it.
Let me again remind you of what I have stated here on the pages of my blog for a long time now, government is the problem. The current situation we are in was created in large part due to government interference into markets and places it had no business getting involved. What is most disheartening is the same government who created the mess is using this "crisis" to create more regulation and oversight which in the long term, only screw things up more. The term "crisis" is a friend to big government because the bureaucrats know when something is labled a "crisis", the American people usually give the bureaucrats a blank check and unlimited power to expand government all the while being told the politicians are fixing the "crisis". Can we please take back our government?