Looks like Barney wants to destroy the evidence of his corruption and incompetence....
From Yahoo News -- WASHINGTON (Reuters) – Fannie Mae and Freddie Mac should be abolished rather than reformed as part of the Obama administration's planned overhaul of the government's role in housing finance, Rep. Barney Frank, chairman of the House Financial Services committee, said on Tuesday.
"They should be abolished," Frank said in an interview on Fox Business, when asked whether the mortgage giants should be elements in housing market reform. "They only question is what do you put in their place," Frank said.
If any one person can be blamed for the financial collapse precipitated by the housing bubble, it's Barney Frank. Of course let's not forget that fellow corruptocrats Chris Dodd and then Sen. Barack Obama played a role too. Frank knows that he is to blame for the housing collapse and the necessity to bailout Fannie and Freddie. He protected those institutions, both managed by corrupt-to-the-core democrats, from oversight and regulation, allowing the officers to escape with tens of millions before the collapse.
Dissolving them altogether is the best way for him to erase the evidence of his possibly-criminal collusion.
I swear, what the voters of Mass. are thinking every two years when they elect this guy is an utter and complete mystery.