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 FrankFor many of those who had historically supported welfare programs in the broadest sense, it was perfectly reasonable to enact legislation in which poor people were the objects of efforts to assist them.
Barney FrankBut here too it should be noted that the President's approach was to first ask the repressive and brutal Taliban to surrender Osama bin Laden to us, and only after that government refused to do that did we invade.
Barney FrankI am very proud of the role I played in getting legal equality for people who are lesbian, gay, bisexual and transgender, and in helping get rid of the prejudice by being visible about it, helping to block the conviction of Bill Clinton of impeachment.
Barney Frank