Sunday, October 17, 2010


Is Barney Frank capable of shame, do you think? Greg Mankiw posts excerpts from two news stories, one from this week, the other from 2003. Frank now:
Low-income home ownership has been a mistake, and I have been a consistent critic of it[.]
Frank then:
These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis. . . . The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.
Possibly the most inappropriately-surnamed public figure in the country.