And you know a lot of our viewers said that it raises the following question. Why should they believe Congress will get financial regulation right this time around when a guy, whether you like him or not, whether you agree with him or not, unanimously lauded as someone who is extremely smart. How could he be so wrong about housing, so revisionist about where he stood on the expansion of home ownership and still talk about financial regulatory reform? —CNBC News HostThe only question I have is why are CNBC news show hosts surprised (or stunned) that Congressman Barney Frank was caught in this obvious lie? This is a version of the some lie that Frank has been repeatedly telling since the house bubble burst.
Basically, as he tells it he had nothing to do with the housing collapse, furthermore it was Republicans fault that Fannie Mae and Freddie Mac collapsed. (see previous post)
Excuse me, the left called president George W. Bush a lie for eight years in various forms and intimations. And whether you liked him or not or whether you agreed with him or not he was the president and deserved just as much respect or more as Barney Frank.
Frank dishonors the office and the American people for the multiple lies he has told regarding the housing collapse. So the very least that an objective reporter should do is tell the truth about those who lie to the American people, if that means calling a Congress person a liar when he or she is a liar is a duty and service to the country.
To do any less is only feigned respect for an office that is being used to disrespect the Constitution and the American people.