Barney Frank To Conjure Entirely New Housing Market

While we focus on the thousands of pork laden pages contained in the governments attempt to “reinvent” the entire health care sector, evidently Barney Frank has been having a different day dream.

This morning I read that he is in the process of conjuring up a scheme to do away with the disasterous firms Fannie and Freddy AND instead create an entirely new behomoth to replace them with.

WHOA !

Certainly Freddy and Fanny should go, but should they be replaced at all and if so should Barney Frank be the one to be in charge of the conjuring? How has that sort of thing worked out in the past

http://finance.yahoo.com/news/…

About nomad943