Trying to avert foreclosures, once you can't just force the banks to do it as a condition of getting aid, means that you have to put some public money into it or you have to do other things that are politically unpopular. From the macroeconomic standpoint there is overwhelming need to help people reduce what they owe so that we don't get the foreclosures and we don't get people kicked out of their homes. On the other hand, there is great resistance politically to helping people, not all of whom would be worth recipients of the help.
Barney FrankThere is parallels these two great men John McCain and Ted Kennedy of great impact in the Senate, you don`t agree with everything they did but certainly they had major impacts as senators. Their one major political failure not to be elected president but that didn`t stop them from having enormous impact and at roughly the same age, exactly the same disease. It`s kind of a poignant sad parallel.
Barney FrankWhat's troubling is that the Republicans to defend Mr. DeLay are weakening the ethics process.
Barney FrankI was still closeted, but from the day I decided to run for office, knowing that I was gay, I decided that I would, of course, still be closeted but that I would work very hard for gay rights. It would be totally dishonorable, being gay, not to do that. So I had that as kind of a secondary agenda.
Barney Frank