Pelosi Declares Hearings On Housing Crisis: Barney Frank To Co-ChairImmediately after the Wall Street Bailout bill passed the House and went to the Oval Office for Presidential signature, Speaker Nancy Pelosi announced that there would be hearings on the subject.
Yet, she mentions nothing about the accountability of people like Sen. Chris Dodd, or Franklin Raines or Jamie Gorelick, the latter two having made millions off of Fannie while the organization itself was sliding into government conservatorship.
And what about Barney Frank Co-Chairing these hearings? Will anyone get him to answer questions about the way he blocked reform of Freddie and Fannie over the past several years? Will Pelosi demand accountability and transparency from him? No. She is nothing more than a partisan hack who just managed to cram through the biggest socialist package in American history.
Something else that should be looked into: Barney Frank's relationship with a former Fannie executive named Herb Moses.
Of course they didn't immediately respond. They need time to think up a way of spinning out of it.