Rep. Barney Frank, Housing Prophet

From Randall Hoven in the American Thinker:

“We have, I think, an excessive degree of concern right now about home ownership and its role in the economy… those who argue that housing prices are now at the point of a bubble seem to me to be missing a very important point…  This is not the dot-com situation…  you’re not going to see the collapse that you see when people talk about a bubble.”  Rep. Barney Frank (D-MA), June 2005

Source:  Federal Housing Finance Agency

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