Thomas Sowell: Barney Frank sticks up for failed policy

Published October 19, 2010 4:00am ET



Among long-time politicians who are being seriously challenged for the first time this election year, Rep. Barney Frank, D-Mass., best epitomizes the cynical ruthlessness which hides behind their lofty rhetoric.

Having been a key figure in promoting the risky mortgage lending practices imposed by the federal government on lenders, and on Fannie Mae and Freddie Mac to buy these risky mortgages from the lenders, Frank blamed the resulting collapse of financial markets and the economy on everybody except himself.

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