Obama blame Barney Frank for the previous disaster, not Bush

•It was Barney Frank who, as chairman of the Banking Committee in 2007, continued to push for home ownership even for people who couldn’t afford it. He prevented oversight and regulation, allowing people to rush into mortgages they never should’ve gotten.
•It was Barney Frank did absolutely nothing to rein in Fannie Mae and Freddie Mac. This ended in disaster, causing caused misery beyond description.
•It was Barney Frank who, as Chairman of the powerful Financial Services Committee, was in charge of overseeing Wall Street.
•It was Barney Frank who wrote the infamous $700 billion Wall Street Bailout bill.
•It was also Barney Frank who wrote the “regulations” that went easy on his Wall Street pals.