How many homes on your street are up for sale because of foreclosures?  Nothing is more disruptive to a family, a marriage, a working mother, or longtime homeowners than to find out you just can’t keep the house.  Fox News Brett Baier offers a short, but in-depth look at who the watch dogs were in the past ten years who should have been guarding the interests Americans.  It’s revealing, worth watching, and a good lesson.  We need to learn from this giant mistake in public policy.  You’ll certainly recognize the names and faces.

Congressman Barney Frank has to carry a giant piece of the load, because he was the Chairman of the Housing Financial Services Committee during the past decade, and HE was the one campaigning to make it possible for virtually anyone, qualified or not, to purchase a house.

If the congressman thought he was doing a great work for America, he did anything but.  He set the stage for the banking community to shoot out blind approvals on loans to folks who could never afford them, rocked neighborhoods and property values with massive loss of homes, and ignored all the warning signs.

And we paid him to do it.

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Filed under: Economy, Featured, Inside The KC, Politics, Sonja Eddings Brown by Sonja Eddings Brown, Aug 17, 2011