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 FrankThe people who started the American government, the founders of the Constitution, didn't like political parties but they were forced to start them. Nobody ever created political parties in England, they evolved. And there do tend to be two general tendencies that focus around how much government you think you need.
Barney FrankBut on those occasions when I do strongly disagree with the Democrats and I don't say anything, I think I forfeit my right to have people pay attention to me when I say the things that I don't like about what Republicans are saying.
Barney FrankThe left and the right live in parallel universes. The right listens to talk radio, the left's on the Internet and they just reinforce one another. They have no sense of reality. I have now one ambition: to retire before it becomes essential to tweet.
Barney FrankThe most active people in the country know different things, and because each one tends to hear mostly and deal mostly with people with whom they agree, they are reinforced not simply in the conviction that they are right, which is totally appropriate, but that they are the majority. So you have both sides, the Left and the Right, thinking that the majority of the country is really with them.
Barney Frank