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Friday, March 20, 2009

Frank: The Elephants Have Become Forgetful



Barney Frank: Memory eventually fails us all, but apparently the decline strikes one party far more than the other. In recent weeks, my friends across the aisle have expended a lot of breath proclaiming that the Democrats caused the present financial crisis by failing to pass legislation to regulate financial services companies in the years 1995 through 2006. There is only small one problem with this story -- throughout this entire period the Republicans were in complete charge of the House and for the most critical years they controlled the House, the Senate, and the Presidency.


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