Barney Frank Doesn't Know What To Do
Hereâs an idea. Why not let people of who want to borrow money to buy a house convince the people who lend the money that thereâs a good chance that the money will get paid back. Creative, no? Itâs called voluntary exchange. Or a market. Or normal. Fannie and Freddie were abnormal. We donât need a ânew system.â The old system didnât work because you, Barney Frank, and others, tried to steer it. Letâs have NO SYSTEM that you figure out and control and steer. Letâs let the housing market emerge that has the built-in feedback loops of profit and loss.