Barney Frank in To Save America, by Newt Gingrich

On Welfare & Poverty: 2003: I want to roll the dice more on subsidized housing

The Left redistributed taxpayer money for massive housing subsidies through Fannie Mae and Freddie Mac. "I want to roll the dice a little bit more in this situation towards subsidized housing," said Rep. Barney Frank (D, MA) in 2003. Of course, this gamble helped spark the housing crash, but that hasn't stopped the Left. In fact, in December 2009, the Obama administration lifted the $400 billion cap on Treasury funding to Fannie and Freddie, a big step toward nationalizing the home loan market. Source: To Save America, by Newt Gingrich, p. 45 May 17, 2010

The above quotations are from To Save America Stopping Obama's Secular-Socialist Machine, by Newt Gingrich. Click here for main summary page. Click here for a profile of Barney Frank. Click here for Barney Frank on all issues.
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Page last updated: Feb 25, 2019